SingularityNET believes today’s AI tools are "fragmented" by closed-development environments. It aims to build a "protocol for connecting AI and machine learning tools, as well as forming effective applications".
The project has built an open marketplace for developers to create, share, and monetize Artificial Intelligence (AI) and Machine Learning tools.
Agents are nodes that execute smart contracts in the network. Each Agent has a reputation score that is ranked by its peers.
AGI tokens are used for payments of development tools in the marketplace, along with participations in the on-chain governance process.