SingularityNET (AGI) is an Ethereum based token complying with ERC-20 standards. The total supply is 1 billion tokens. SingularityNET is an open source platform which uses a decentralized technology for creating an Artificial Intelligence (AI) marketplace. Fragmentation is one of the major problems with current AI development. SingularityNET aims to become the key platform for sharing machine learning and AI tools. SingularityNET aims to be the main AI marketplace for development in several key areas i.e. cloud robotics, biomedical research, and cybersecurity. The AGI token will be used to settle a transaction over the blockchain. These tokens will be used for purchasing the AI power from around the world.

SingularityNET is lead by Dr. Ben Goertzel under the SingularityNET foundation. He is also working as the chief scientist at Hanson Robotics and is the chairman of Artificial General Intelligence Society. The other two members of the executive team are Simone Giacomelli and Cassio Pennachin. Three members are in the leadership team. There are 12 advisors for this project including Eberhard Schoeneburg, an AI pioneer. Tech team consists of 21 members and 39 other members from various fields.