Deep Funding
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About
Deep Funding is a community-driven grant program by SingularityNET, designed to accelerate the development of decentralized, beneficial Artificial General Intelligence (AGI). It empowers innovators, researchers, and developers to bring their AI projects to life while retaining full ownership of their intellectual property. Deep Funding provides milestone-based funding, access to industry experts, and global exposure via the SingularityNET platform. It focuses on ethical AI development, fostering a community of AI developers and enthusiasts passionate about AI and Blockchain.
Platform
Task
Features
• community access
• monetization
• ethical ai development
• access to industry experts
• funding opportunities
• global exposure
FAQs
Can I apply for funding if I only have a single service to put onto the platform?
Definitely. There are many use cases. You may have developed an AI algorithm in the past that you want to make API ready. Or perhaps you are a student and want to test some of your work on a larger audience. Or you are working on a larger project that consists of a number of separate services that have use cases of their own. The options are endless. We suspect there are many AI developers out there that have a good idea, or a half-finished service. We would like to support you in going the extra mile, submitting a finished service on the platform, and start monetizing it!
How will my Intellectual Property be protected?
At SingularityNET and Deep Funding we believe in openness and collaboration. Even the greatest idea depends on good execution and adoption. By being open you enable community members to offer valuable feedback and we can drive publicity to your idea. So we can't protect your IP, but you are free to take any measures that you feel are appropriate, such as not disclosing your identity, not detailing any crucial parts of your proposal, setting up a legal protection framework, etc. But note that all these things might also impact your chances of being awarded by our community.
What’s the deal with the 25% I have to reserve for API calls or hosting?
We do not just want to support teams to make great AI services and AI-enabled software, we also want to make sure that we are driving adoption of the platform. Therefore we have defined that 25% of your grant should be spent on activities that support this. The 25% for API calls from third-party services will be very relevant when we have our AI-DSL up and running that will help AI services to dynamically connect to each other. Until that time we also allow the 25% to be spent on hosting costs of services that are published on the platform. In proposals where there is no use case for either of these, we will be flexible with this rule.
Are there other benefits in participating except for funding?
Yes. Even if you do not get funded you will still have the opportunity to get valuable feedback on your proposal. We will promote your proposal on our Youtube channel (if you provide us with a 3-5 min. video), and you still have access to our group of community experts, to ask for advice or support on your project.
How will deep funding be funded in the long run?
In spring 2021, our community voted with an overwhelming majority to mint additional tokens to increase the speed of development in SingularityNET. These tokens are minted on a monthly bases in batches of decreasing size. It will take 91 years before the last full AGIX token is minted that way. 30% of these tokens are earmarked for Deep Funding and this is currently the main source of income. If we are successful in our goal of seeding and kickstarting the platform, (along with other technological advances in SingularityNET), the demand for these tokens will likely increase. Also, over time additional sources may be unlocked, such as shared revenue from successful projects, partnerships, crowdfunding options, or other creative solutions.
How would I explain Deep Funding to my grandmother or a small child?
Deep Funding supports developers to help us build a global super-brain that belongs to no one but helps to make the world a better place for everyone. The friends of SingularityNET decide together which projects are best suited to become part of that brain and help it to grow and become a friend of humanity.
Why do you let the community decide on who will be awarded?
First of all, the fund is being financed by our token holders, so it makes sense that they also have a stake in deciding how their funding is being used. Secondly, we believe in decentralization, collaboration, and openness. We aim to build a strong ecosystem of creators, experts, and reviewers that has the capacity to design, build and market better and more benevolent solutions than any isolated entities would be capable of. We hope that we will be able to steer Deep Funding to a future where it is completely governed by the community as a Decentralized Autonomous Organization (DAO).
What do you mean with AGIX economy?
All AI services on the platform can be called on their API. Each call can be seen as a transaction where information and value are being exchanged, the latter in the form of our native AGIX token. Currently, these transactions are mostly point-to-point, like a frontend solution calling a service and getting a result. This will change drastically when our AI-DSL (Domain-specific language) is operational on the platform. At that point, each service can call other services that can coll yet other services to get a complex result. The combined transactions between people, software, and most of all, AIs, are what make up the AGIX economy of the future that we want to see emerge on our decentralized AI platform.
What is AI-DSL?
AI-DSL stands for 'Artificial Intelligence - Domain-Specific Language' The goal of this specific language is to enable AI services to communicate and collaborate. While this could be rather straightforward in a centralized environment with AI's created according to specifications and predefined results of collaborating services, this is quite a different challenge on our decentralized AI platform. Imagine thousands of AI services with wildly variating specifications, purposes, in-, and outputs. A perfect AI-DSL would be capable of interpreting a goal, and in real-time assembling a collection of Services that would be best able to deliver, depending on the criteria of the issuer of the goal (Fast result, Cheap result, Best result, etc). Note that another important ingredient of this end goal will be a proof of reputation system that continuously monitors and rates the reputation of each service based on many criteria, such as history, creator, price, reliability, etc., as well as human assessments made by staking a service.
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