BNB Chain and the SingularityNET Foundation Collaborate to Revolutionize the Decentralized Data Economy
Dubai, UAE and Zug, Switzerland — Thursday, August 29, 2024 — In a pivotal move for the future of AI and blockchain integration, BNB Chain and SingularityNET Foundation, a Founding Member of the Artificial Superintelligence (ASI) Alliance, have just announced a collaboration focused on developing and promoting decentralized storage solutions and promoting innovation in the decentralized data economy.
At the heart of this collaboration is a shared commitment to decentralization, with both parties working towards developing and promoting decentralized storage solutions. The collaboration will explore the integration of SingularityNET’s Knowledge Layer with BNB Greenfield, BNB Chain’s decentralized storage system, to create a cutting-edge platform that enhances data reliability, safety, and performance.
By bringing together elements of their tech stacks, BNB Chain and SingularityNET have the potential to set a new standard in the decentralized data economy and empower users to custody and gain value from their personal information.
Technical Integration and Innovation
The key technical goal of the collaboration is the integration of SingularityNET and ASI’s AI infrastructure with BNB Greenfield storage infrastructure.
BNB Greenfield, as BNB Chain’s decentralized storage solution, focuses on hot, valuable data and is creating a new data economy in the BNB Chain ecosystem. By combining SingularityNET’s unique integration of diverse AI algorithms and AI application engineering expertise with BNB Greenfield’s data storage capabilities, a synergy is created that will deliver innovative solutions to the market.
Another primary objective of this collaboration is to promote the philosophy of “data-as-an-asset,” a concept that empowers users to control and monetize their personal information. By leveraging the decentralized nature of BNB Greenfield and the advanced AI capabilities of SingularityNET, users will be able to take ownership of their data, ensuring that they are the primary beneficiaries of the value generated from it.
This ultimately allows SingularityNET to enhance its Internet of Knowledge initiative, a project that positions the ASI Alliance member as the Knowledge Layer of blockchain through novel use of knowledge graphs, neural-symbolic AI, and associated application tooling.
Dr. Ben Goertzel notes, “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 said: “This exciting collaboration brings us another step closer to our mission of onboarding the next billion Web3 users.”
Long-term Multi-Chain Strategy
Looking ahead, SingularityNET will explore the integration of its ASI Alliance AI Platform with BNB Smart Chain to further strengthen its multi-chain capabilities. This integration is expected to unlock new opportunities for collaboration and innovation across multiple blockchain ecosystems.
Incubation and Grants Programs
In addition to technical integration, the collaboration will extend to supporting new projects through incubation and grants programs like BNB Chain’s BNB Incubation Alliance, an incubator designed to expedite the growth of Web3 projects. By supporting the next generation of blockchain and AI projects, the collaboration will play an important role in nurturing emerging ideas and technologies.
About SingularityNET
SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). An AGI is not dependent on any central entity, is open to anyone and is not restricted to the narrow goals of a single corporation or even a single country. The SingularityNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. Our core platform and AI teams are further complemented by specialized teams devoted to application areas such as finance, robotics, biomedical AI, media, arts and entertainment.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:
- 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 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
- BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.
Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.
