Filecoin and SingularityNET Partner to Enhance AI Capabilities through DePIN

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The Filecoin team announced via X on Monday that it has partnered with SinguarlityNET to enhance the integration of the AI and DePIN industries.

The Filecoin team announced via X on Monday that it has partnered with SinguarlityNET to enhance the integration of the AI and DePIN industries while adhering to strong decentralization principles and promoting the development of the Knowledge Layer.

The collaboration will explore the formation of an AI Ethics working group, further reinforcing their commitment to ethical practices in the development and deployment of AI.

SingularityNET will utilize the SDK from Lighthouse, one of the primary data onboarding solutions in the Filecoin ecosystem, to store metadata. Furthermore, SingularityNET will also integrate the Filecoin tech stack to support archival data needs, enhancing the robustness and security of AI-generated data storage. 

In the long term, the collaboration aims to leverage Filecoin for creating and managing Knowledge Graphs, which are essential to the realization of the Knowledge Layer initiative started by SingularityNET.

Filecoin is a decentralized storage network that serves as an incentivization layer on top of the InterPlanetary File System (IPFS). FIL has added more than 10% to its value over the past 24 hours and is currently trading at $3.436.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.