Filecoin and SingularityNET Join Forces to Unite DePin and AI

The partnership highlights the willingness, on both sides, to build a digital hub that can counter the growth of big tech in the artificial intelligence sector.

Data storage in the cloud Filecoin and artificial intelligence platform SingularityNET announced a strategic collaboration during the EthCC event in Brussels. In a fundamental agreement for the development of the Web3 sector, the two crypto projects have joined forces to integrate the decentralized pinning (DePin) world with AI.

We are talking about a significant milestone for the two companies, which marks an important step towards the coordination of two totally different industries, united by the principles of decentralization.

To succeed in the goal of promoting DePin development around the AI, Filecoin, and SingularityNET ecosystems, they have also joined forces with other important organizations. Among these, we highlight the presence of highly established entities such as Theoriq, Bagel, and Nuklai.

All three entities are already working with Filecoin to strengthen their cryptographic structures with the data storage network.

For example, Theoriq is developing a series of AI agents trained on the Filecoin network to make crypto world data more accessible to everyone.

Bagel is using the computing power and storage of Filecoin to expand the possibilities for AI developers in creating models.

Finally, Nuklai is creating a collaborative data market by adding the data storage facilitator of Filecoin Lighthouse.

These strategic collaborations revolving around the presence of FIlecoin, highlight the key role of the DePin network as the backbone for advancements in artificial intelligence.

The integration of the respective technologies between the various parts highlights the commitment to maintaining the decentralization of data while respecting AI ethics and data sources in their operations.

One of the main reasons for the collaboration between the DePin Filecoin project and the AI SingularityNET network is related to issues concerning the competition in the crypto market.

In particular, the will to unite their forces derives from the increasingly dominant presence of big tech in this industry. In fact, the world of artificial intelligence is facing a critical point as a greater number of organizations move towards closed and opaque training models.

All this suggests a risk of concentration of power and centralization of data, such as to create a potentially non-transparent control hub.

The risks of such a scenario grow as more and more entities choose to ride the AI business applied to DePIN data through a centralized modus operandi.

Filecoin and SingularityNET offer an alternative to these closed models, allowing decentralization and transparency of data flow, promoting the resilience of digital infrastructure.

In a similar perspective, even Fetch.ai and Ocean Protocol have wisely decided to hinder the growth of individual centralized AI conglomerates by creating a decentralized organization.

Recently the two crypto projects joined SingularityNET creating the so-called “Artificial Superintelligence Alliance”, in order to support the expansion of the individual technologies of each foundation.

Here too, the ultimate goal is to limit the unchallenged presence of players like Google and Microsoft that annihilate competition and prevent the growth of open DePin systems.

As part of the agreement between the 3 projects, well-known in the AI field, their respective coins have been consolidated around a single crypto ASI.

This fusion of the token groups will help increase the capitalization of the resource, making it more attractive at high levels of investment

It is worth noting how these agreements lay the foundations for the expansion of a scalable AI infrastructure, open to all and with large data sets.

In addition to countering the emergence of individual centralized industries, the collaboration between the Depin Filecoin project and the SingularityNET AI infrastructure underlies broader objectives.

We can distinguish these objectives according to short, medium, and long-term visions.

In the short term, the partnership aims to integrate the use of Filecoin’s Lighthouse SDK for metadata storage within the SingularityNET network.

As for the medium term, the objectives concern the integration of the FIlecoin technology stack with the aim of improving the security of the data flows generated by AI.

Finally, in the long term, the two projects aim to use Filecoin to manage Knowledge Graphs, an essential element for the Knowledge Layer initiative of SingularityNET.

In general, the integration into the decentralized data storage system of Filecoin will be explored to promote the cohesion of two ecosystems interoperable and synergistic.

Danny O’Brien, Senior Fellow della Filecoin Foundation, expressed his enthusiasm for these new goals on the horizon:

“We are excited to work with SingularityNET, an ambitious project that shares our vision of decentralizing artificial intelligence, computing, and storage resources. Filecoin is designed to handle the unprecedented scale of AI data growth on a future-proof network. And in a world where the majority is cautious about trusting AI, decentralized and provable storage promotes trust in this transformative technology.”

Furthermore, we cannot fail to emphasize how the agreement between the parties is also aimed at establishing a working group on AI ethics to ensure healthy development of the respective technologies.

Regarding this last detail, Ben Goertzel, founder and CEO of SingularityNET and co-founder of Artificial Superintelligence Alliance, stated the following at EthCC:

“