BNB Chain and SingularityNET (AGIX) Forge Alliance to Transform Decentralized Data Economy

In a significant development for the blockchain and artificial intelligence sectors, BNB Chain and SingularityNET (AGIX) Foundation have announced a strategic partnership aimed at revolutionizing the decentralized data economy, according to SingularityNET.

This collaboration focuses on developing and promoting decentralized storage solutions, integrating SingularityNET’s Knowledge Layer with BNB Greenfield, BNB Chain’s decentralized storage system. The goal is to create a robust platform that enhances data reliability, safety, and performance.

Technical Integration and Innovation

The primary technical objective of the partnership is to integrate SingularityNET and ASI’s AI infrastructure with BNB Greenfield’s storage capabilities. BNB Greenfield focuses on valuable data within the BNB Chain ecosystem. By combining SingularityNET’s diverse AI algorithms and application engineering expertise with BNB Greenfield’s storage capabilities, the collaboration aims to deliver innovative solutions to the market.

The partnership promotes the “data-as-an-asset” philosophy, empowering users to control and monetize their personal information. Leveraging the decentralized nature of BNB Greenfield and SingularityNET’s advanced AI capabilities, users can take ownership of their data and benefit from the value generated.

Dr. Ben Goertzel, a key figure in the initiative, stated, “While AI has made unprecedented strides over the last few years, it’s become increasingly clear that the practical rollout of useful Generative AI applications is held back by a number of issues, most critically the inability of GenAI tools to tell fact from fiction. Integration of AI systems with knowledge graphs is the clear solution to this problem, and this requires robust integration of AI networks with knowledge graphs and large-scale data infrastructure. The integration of SingularityNET platform with BNB Greenfield provides an ideal platform for rolling out the next generation of AI systems that transcend the limitations of current GenAI systems and meet the full spectrum of application needs.”

The BNB Chain Core Development Team remarked, “This exciting collaboration brings us another step closer to our mission of onboarding the next billion Web3 users.”

Long-term Multi-Chain Strategy

Looking forward, SingularityNET plans to explore integrating its ASI Alliance AI Platform with BNB Smart Chain to bolster its multi-chain capabilities. This integration is expected to unlock new opportunities for collaboration and innovation across multiple blockchain ecosystems.

Incubation and Grants Programs

The collaboration will also support new projects through incubation and grants programs like BNB Chain’s BNB Incubation Alliance. This incubator aims to expedite the growth of Web3 projects, playing a significant role in nurturing emerging ideas and technologies.

About SingularityNET

Founded by Dr. Ben Goertzel, SingularityNET aims to create a decentralized, democratic, and beneficial Artificial General Intelligence (AGI). The team comprises seasoned engineers, scientists, researchers, entrepreneurs, and marketers, focused on various application areas such as finance, robotics, biomedical AI, media, arts, and entertainment.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem focused on removing barriers to Web3 adoption. It includes:

• BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
• opBNB: A scalability L2 offering low gas fees and rapid processing speeds.
• BNB Greenfield: A decentralized storage solution that allows users to create their own data marketplaces.

The ecosystem prioritizes security through the AvengerDAO community and offers real-time risk scanning for Dapps via Red Alarm. It also provides various rewards through its Builder Support Program.