SingularityDAO AI DeFi Agents Meet Ocean Protocol Data
We are on a mission to bring the power of AI to DeFi, and recently celebrated great success in a set of token generation events. As we look forward to releasing our MVP and first Dynasets in the coming weeks, today we are happy to announce that another piece in the ecosystem is securely in place: SingularityDAO’s AI DeFi agents will benefit from the data provided by SingularityNET’s longtime partner Ocean Protocol! This data will be supplied via Ocean Market, and future SingularityDAO DynaSets — dynamically AI-managed sets of DeFi tokens — will include the OCEAN utility token.
SingularityDAO is a unique, layer two non-custodial AI DeFi solution that offers dynamic token sets (called DynaSets) consisting of a basket of utility tokens balanced by AI. SingularityDAO bundles together multiple curated tokens, diversifying holdings while keeping them under minute-by-minute active management by AI.
Our work with Ocean Protocol includes rolling the OCEAN utility token into these Dynamic Asset Sets. Thus, the OCEAN token will benefit from increased liquidity. The AI agents at the helm of the DynaSets will benefit from the Ocean data sets, deepening its insights into the market. From AI portfolio management, to predictive market making, to predictive hedging strategies, and more, Ocean data sets from Ocean Market will extend these agents’ understanding.
SingularityDAO AI agents need huge amounts of data in order to train and improve, and Ocean data sets complement this perfectly: intelligence plus knowledge. The Ocean Market provides a plethora of diverse trading and DeFi data sets that SingularityDAO’s AI agents will consume in order to improve their financial modeling.
Ocean Market and SingularityNET’s data-hungry AI agents make for a natural fit. Anyone can publish & trade data sets as well as algorithms for AI on Ocean Market — all of which can be utilized to enhance SingularityDAO’s AI efficacy. This collaboration will also scale the demand side on Ocean Market. As both our ecosystems grow, we look forward to ever greater synergies between the two.
– Manan Patel, Growth Accelerator at Ocean Protocol
Ocean Protocol has recently launched its Compute-to-Data in Ocean Market, which provides a method by which private data may be bought and sold while preserving privacy. Compute-to-Data transcends the tradeoff between the benefits of using private data and the risks of exposing it. It does this by keeping the data with its original owners and allowing data consumers to run compute jobs on data, and will make previously inaccessible data sets available to SingularityDAO’s AI agents. Some of the agents running on SingularityDAO will include the Portfolio Planner and the Strategy Evaluator (which both use on-chain data), and the Price Predictor, which draws data directly from exchanges. A massive amount of valuable data like this can be bought and sold via the Ocean Market and help drive the SingularityDAO ecosystem forward.
I’m really excited by the opportunity to work together with Ocean Protocol, one of the most respectable projects in crypto who has been constantly delivering community-driven, decentralized data solutions. SingularityDAO will constantly make use of data to train our ML and I can’t think of a better partner than Ocean Protocol.
– Marcello Mari, CEO at SingularityDAO
About Ocean Protocol
Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world.
Data is a new asset class; Ocean Protocol unlocks its value. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.
Ocean data tokens turn data into data assets. This enables data wallets, data exchanges, and data co-ops by leveraging crypto wallets, exchanges, and other DeFi tools. Projects use Ocean libraries and OCEAN in their own apps to help drive the Web3 Data Economy.
The Ocean token is used to stake on data, to govern Ocean Protocol’s community funding, and to buy & sell data. Its supply is disbursed over time to drive near-term growth and long-term sustainability. OCEAN is designed to increase with a rise in usage volume.
Visit oceanprotocol.com to find out more.
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About SingularityDAO
SingularityDAO is a decentralized platform, governed by the SDAO token, tasked with governing DynaSets. DynaSets are diversified baskets of cryptocurrency assets dynamically managed by AI and curated by the protocol. SingularityDAO brings the financial sophistication of AI-managed funds to DeFi, deploying SingularityNET’s AI technology to navigate complex markets.
To learn more, visit SingularityDAO.AI and follow us on Twitter, Facebook, and Telegram!
