• SingularityNET blockchain allows users to monetize AI services.
• AGIX token has been on a very bullish trend since the turn of the year, rising by more than 774%.
• The current AGIX bull run was triggered by Microsoft’s $10 billion investment in OpenAI and ChatGPT.
What is SingularityNET?
SingularityNET is a blockchain-powered platform that allows users to create, share, and monetize artificial intelligence (AI) services. AI developers can sell their AI tools and libraries while those interested in AI services can test and buy any AI service uploaded on the SingularityNET AI marketplace. In addition, if a user wants a customized AI service, they can tap the extensive SingularityNET community of AI specialists via the Request for AI portal (RFAI). Users use the platform’s native token, AGIX, to purchase the AI services. This means that developers earn AGIX tokens by selling their AI services or filling the RFAI requests. AGIX holders can also vote on changes to the SingularityNET network operations and also stake their tokens to earn some interest.
Why is the Price of AGIX Rising?
The news around the now popular artificial intelligence tool ChatGPT has triggered a surge in demand for AI-focused cryptocurrencies such as AGIX. The current Bull Run started on Tuesday after Microsoft announced plans to invest $10 billion in OpenAI, which is responsible for creating ChatGPT. Following this news, AGIX shot up by 18% and has since maintained its bullish trend with its price increasing by more than 774%. Additionally, trading volume has also seen an increase as people flock to invest in this promising cryptocurrency.
How Can I Invest In AGIX?
If you are looking to make an investment in AGIX, you will need to first purchase some Bitcoin or Ethereum from an exchange such as Coinbase or Binance. Once you have obtained either BTC or ETH, you will be able to easily buy some AGIX using these coins at an exchange like Binance or KuCoin. Once your transaction is complete, your purchased coins will be delivered directly into your wallet address provided during registration at one of these exchanges mentioned above.
Risks Associated With Investing In Cryptocurrencies
As with all investments there are risks associated with investing in cryptocurrencies such as volatility and security concerns surrounding wallets and exchanges used for trading digital assets . It is important that before investing any money into any cryptocurrency asset class investors carry out their due diligence and research thoroughly before making any decisions about where best to place their hard earned cash .
Conclusion
AGIX has been experiencing strong growth recently driven mainly by news around Microsoft’s investment into OpenAI’s project ChatGPT . Investors looking for high returns should look towards this promising cryptocurrency however it is essential that they assess all risk factors carefully before making any decisions .
