Are ICOs The New Startup Lifeblood?

Tech company Hanson Robotics is using SingularityNet, a token-based marketplace, to help fund the development of advanced artificial intelligence. This kind of crowdfunding campaign is known as an initial coin offering (ICO). A video promoting the ICO sale features Sophia explaining SingularityNet’s marketplace. An ICO is a virtual coin or token that is sold to investors in an effort to raise capital for a new company. Depending on the terms of the ICO, the token sold to an investor can represent either an investment security, or a form of currency within a company’s application. And while it might sound a little too futuristic, ICOs are a key tool for launching a business or entrepreneurial effort. Read more>>

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