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Friday 19 November 2021 3:58 pm

SingularityDAO Launchpad’s debut project NuNet closes $2m sale in 90 seconds

By: Darren Parkin

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Singularity DAO, the first DeFi project that uses sophisticated machine learning in token markets, has just concluded its debut sale on Launchpad, the newest feature of its emerging AI DeFi ecosystem.

SingularityDAO has concluded its debut sale on Launchpad – the newest feature of its emerging AI DeFi ecosystem.

The sale finished with an impressive two million dollars collected in less than one minute and 30seconds for the SingularityNET ecosystem’s decentralised compute project, NuNet. 

Thousands of people registered to participate in the NuNet Community Round which was offered to the AGIX and SDAO token-holding communities at the same price as VC investors. 

“As SingularityNET grows into a real AI/Blockchain ecosystem, it has become clear that there was a need for a platform able to launch new ecosystem projects in the market,” said SingularityDAO CEO, Marcello Mari.

“The result is incredibly impressive for a newly-launched platform and team that is just six months old” 

The sale’s success brings to life the second incubated spin-off project from within the SingularityNET ecosystem and solidifies SingularityDAO’s role in it, as both the DeFi and Launch solution for all the upcoming projects yet to launch, including Rejuve, SophiaDAO, and Mindplex. 

“SingularityDAO’s launchpad will welcome new elite projects in the next months, not only those related to SingularityNET,” explained Mari.

“The vision is to become a one stop shop for DeFi with staking and farming solutions, a launchpad, and our AI-driven decentralised asset management platform (DynaSets) at our core.” 

Dr Ben Goertzel, SingularityNET CEO and SingularityDAO co-founder said: “When Marcello and I first started talking about SingularityDAO a year ago, our core motivation was to use decentralised AI to help create a better ecosystem and process for early-stage tech projects that have chosen tokenomic business models.”

“We’re still relatively early on this path with a lot still to come, such as the imminent launch of DynaSets, but recent successes like the launch of NuNet on the SDAO Launchpad show we’re well on our way,” he added.

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