• SingularityNET (AGIX) price has surged by more than 774% over the past month.
• AGIX is a blockchain-powered platform that allows users to create, share, and monetize AI services.
• The surge in AGIX price is attributed to the recent news of Microsoft investing $10 billion in OpenAI, the startup behind 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. Additionally, if a user wants a customized AI service, they can tap into 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 Microsoft Invested In OpenAI?
Microsoft recently announced plans to invest $10 billion in OpenAI, the startup behind ChatGPT – an artificial intelligence tool that has gained popularity since its launch. This investment was made with an aim of giving Microsoft access to cutting edge technology while enabling OpenAI to further develop its artificial intelligence capabilities which will help them stay ahead of their competition.
Why Is The Price Of AGIX On The Rise?
The news around ChatGPT has triggered a surge in demand for cryptocurrencies related to artificial intelligence such as AGIX token. Since Tuesday when Microsoft announced its investment plans in OpenAI, AGIX has shot up by 18% and maintained its bullish trend since then with today’s increase being 40%. Besides its price rising sharply, trading volume for AGIX has increased significantly as people flock towards this currency in anticipation of future gains from it.
Can You Profit From The Bull Run?
Yes! If you are looking for ways to profit from this bull run then you should consider investing in AGIX tokens as it offers several advantages over other cryptocurrencies such as lower transaction fees and faster transactions times due to its blockchain technology base. Additionally, holders of these tokens have voting rights within the network as well as staking benefits which allow them earn passive income from holding their coins for set periods of time without having to actively trade them on exchanges every day.
The recent news around ChatGPT coupled with Microsoft’s investment plans have resulted in a surge in demand for cryptocurrencies related to Artificial Intelligence such as SingularityNET (AGIX). With over 774% increase over the past month alone and 40% growth today alone there are lots of opportunities for investors who want take advantage of this bull run before it comes crashing down again- so make sure you don’t miss out!