Zurich – Singularity Net raised $36 million in just 66 seconds with its Initial Coin Offering. The crypto firm is developing a marketplace for artificial intelligence.
Singularity Net’s Initial Coin Offering (ICO) is the fastest digital currency sale ever, writes finews.ch. And demand for the coin far exceeds supply. According to the Zurich-based crypto firm, registered investors are prepared to put up $360 million more. Should this amount be invested, Singularity Net’s ICO would become not only the fastest but also the largest, explains finews.ch. The largest ICO last year was U.S.-based Filecoin, which raised $257 million.
Singularity, a spin-off of the U.S. tech company Hanson Robotics, is building a blockchain-based marketplace for artificial intelligence. It will allow inventors to feed their designs into the platform by means of digital contracts. This is where customers like Hanson come into play, which will build the designs into robots.
Hanson has already built a female robot named Sophia. At an artificial intelligence conference in Geneva, she said she could do "a better job" than U.S. president Donald Trump.