News SingularityNET Announces $36mln ICO Funding For AI Platform Expansion

SingularityNET Announces $36mln ICO Funding For AI Platform Expansion

-

- Advertisment -

Pioneering Blockchain Artificial Intelligence (AI) marketplace SingularityNET has announced a $36 mln ICO to fund its expansion.

Announcing the fairly modest funding goal for the world’s first such AI marketplace, SingularityNET’s robotic ‘chief humanoid officer’ confirmed the 500 mln token event at its recent Web Summit in Lisbon, Portugal.

A combination of private and public sales will distribute the tokens, with the ICO concluding when all are sold or when the $36 mln figure has been reached.

Participants are required to register on a whitelist prior to the sale beginning Dec. 8.

“The exact amount of tokens available in the crowdsale depends on private sales, which have not yet been finalized,” an accompanying press release states.

SingularityNET has sparked considerable interest in its bid to open up the hitherto corporatized nature of AI development and services.

Investors in the project already include famous names from both inside and outside Blockchain, and the network itself is already used by over 50 companies including Cisco and Huawei, according to the company.

“…It’s hard to know what direction the evolution of AI is going to go. I think in the long term, which may just mean a few decades from now, AIs will have a much greater intelligence than human beings,” CEO Ben Goertzel told Cointelegraph in an interview last month.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...
- Advertisement -SingularityNET Announces $36mln ICO Funding For AI Platform Expansion

Cryptocurrency Top Security Risk Concerns: What You Can Do to Protect Your Crypto

A report by CipherTrace revealed that in the first half of 2019, criminals and fraudsters stole more...

How has Bitcoin of America Changed the Cryptocurrency Industry?

Who is Bitcoin of America? Bitcoin of America is a U.S. based digital currency...

Must read

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when...
- Advertisement -SingularityNET Announces $36mln ICO Funding For AI Platform ExpansionSingularityNET Announces $36mln ICO Funding For AI Platform Expansion

You might also likeRELATED
Recommended to you