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.

Image
source:
Shutterstock