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At its core, SingularityNET is a platform designed to democratise access to AI technologies. By leveraging a blockchain framework, it allows developers to create a variety of AI services that can be deployed, accessed, and monetised with unprecedented ease. The platform supports a marketplace where users can browse, test, and purchase diverse AI services using its utility token, AGIX.
AGIX plays a crucial role in the SingularityNET ecosystem, facilitating transactions and engaging users in the governance processes within the marketplace. This two-pronged approach—an AI marketplace coupled with a native cryptocurrency—positions SingularityNET distinctively within the rapidly evolving landscape of AI and blockchain technology.