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BNB Chain and SingularityNET partner to advance decentralized storage

By admin On Aug 29, 2024

BNB Chain and the SingularityNET Foundation are collaborating to advance the future of artificial intelligence and blockchain integration.

The BNB Chain and SingularityNET (AGIX), a member of the Artificial Superintelligence (ASI) Alliance that also includes Fetch.ai and Ocean Protocol, announced the partnership via a blog post on Aug. 29.

Partnership geared towards decentralized storage solutions

According to the announcement, BNB Chain and SingularityNET aim to enhance the decentralized storage solutions sector as well as promote the decentralized data economy.

The collaboration targets this goal through the “data-as-an-asset” concept, which allows users to control their personal data and monetize it. The two will join forces to bring SingularityNET’s technology stack and BNB Chain’s decentralized storage solution, BNB Greenfield, to more users.

“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.”

SingularityNET founder Dr. Ben Goertzel.

You might also like: BNB Chain unveils cross-chain bridge to interconnect with other blockchains

Blockchain solution

AI continues to see unprecedented growth amid application and integration across the blockchain ecosystem and elsewhere. However, there’s still hurdles in relation to practical application of generative artificial intelligence, with increasing issues around deepfakes and other malicious uses a key concern.

Further integration of SingularityNET and the ASI network with BNB Smart Chain is a step towards providing a solution. BNB Chain plans to offer both technical support as well as incubation and grants to projects looking to bring these solutions to the real world.

Other blockchain platforms working towards this goal include Filecoin, Sia, Storj, and Arweave.

Read more: Siacoin jumps 29% amid new interest in decentralized storage network

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