What is SNET: Exploring the Decentralized AI Marketplace of the Future

Snetwork's Position and Significance

In 2018, Snetwork (SNET) was launched as a distributed shared cloud computing network, aiming to address the inefficient utilization of computing resources and high costs of bandwidth, storage, and online entertainment.

As a blockchain-based distributed shared computing platform, Snetwork plays a crucial role in the field of resource sharing and optimization. It connects resource providers with demanders, helping node partners monetize idle computing resources while reducing costs for enterprises and individuals.

As of 2025, Snetwork has become an important player in the blockchain-based resource sharing ecosystem, with a focus on supporting various smart hardware products and network terminals.

Origin and Development History

Birth Background

Snetwork was created in 2018 to solve the problem of inefficient resource utilization in computing and networking. It emerged during the blockchain technology boom, aiming to revolutionize resource sharing through a decentralized platform.

Snetwork's launch brought new possibilities for both idle resource holders and those in need of computing power and bandwidth.

Important Milestones

• 2018: Mainnet launch, achieving 1:1 exchange with LLT tokens.
• 2018: Listed on multiple exchanges, including Gate.com, expanding market access.
• 2025: Ecosystem expansion, supporting various smart hardware products and network terminals.

With the support of its community and development team, Snetwork continues to optimize its technology, security, and real-world applications in the shared computing space.

How Does Snetwork Work?

Decentralized Control

Snetwork operates on a decentralized network of computers (nodes) spread across the globe, free from control by any single entity. These nodes collaborate to validate transactions, ensuring system transparency and attack resistance, thus empowering users with greater autonomy and enhancing network resilience.

Blockchain Core

Snetwork's blockchain serves as a public, immutable digital ledger recording all transactions. Transactions are grouped into blocks and linked through cryptographic hashes, forming a secure chain. Anyone can view the records, establishing trust without intermediaries.

Ensuring Fairness

Snetwork likely employs a consensus mechanism to validate transactions and prevent fraudulent activities such as double-spending. Participants maintain network security through activities like running nodes or providing computing resources, and are rewarded with SNET tokens.

Secure Transactions

Snetwork uses public-private key encryption to protect transactions:

• Private keys (like secret passwords) are used to sign transactions
• Public keys (like account numbers) are used to verify ownership

This mechanism ensures fund security while maintaining a certain level of transaction privacy.

SNET's Market Performance

Circulation Overview

As of November 28, 2025, SNET's circulating supply is 238,603,999 tokens, with a total supply of 1,000,000,000 tokens.

Price Fluctuations

SNET reached its all-time high of $0.0489610231740079 on November 7, 2021.

Its lowest price was $0.000449265259656974, occurring on February 9, 2025.

These fluctuations reflect market sentiment, adoption trends, and external factors.

Click to view the current SNET market price

On-Chain Metrics

• Daily Transaction Volume: $11,631.759403
• Active Addresses: 558

SNET Ecosystem Applications and Partnerships

Core Use Cases

SNET's ecosystem supports various applications:

• Distributed Computing: Shared cloud computing network, enabling resource sharing and utilization.
• Smart Hardware: Plans to support blockchain-based smart devices like routers, phones, and OTT boxes.

Strategic Cooperations

SNET has established partnerships with LLToken project, enhancing its market influence. These partnerships provide a solid foundation for SNET's ecosystem expansion.

Controversies and Challenges

SNET faces the following challenges:

• Market Adoption: Gaining widespread use and acceptance in the competitive blockchain space.
• Regulatory Risks: Potential regulatory scrutiny as the crypto industry faces increasing oversight.
• Technical Implementation: Ensuring smooth operation of the distributed shared computing platform.

These issues have sparked discussions within the community and market, driving SNET's continuous innovation.

SNET Community and Social Media Atmosphere

Fan Enthusiasm

SNET's community shows moderate activity, with 558 holders as of the latest data. On social platforms, related posts and tags (such as #SNET) occasionally gain traction. Price fluctuations and ecosystem developments tend to ignite community interest.

Social Media Sentiment

Social media sentiment appears mixed:

• Supporters praise SNET's distributed computing concept and blockchain integration.
• Critics may focus on price volatility and adoption challenges.

Recent trends show cautious optimism amidst market fluctuations.

Hot Topics

Users discuss SNET's potential in shared computing resources, token economics, and future hardware integrations, highlighting both its innovative potential and the challenges in achieving mainstream adoption.

More Information Sources for SNET

• Official Website: Visit SNET's official website for features, use cases, and latest updates.
• Blockchain Explorer: Etherscan provides detailed on-chain data for SNET.

SNET Future Roadmap

• Ecosystem Goals: Support more blockchain smart hardware products and expand the distributed shared computing network.
• Long-term Vision: Become a leading platform for shared computing resources and blockchain-based smart devices.

How to Participate in SNET?

1. Purchase Channels: Buy SNET on Gate.com
2. Storage Solutions: Use secure wallets compatible with ERC-20 tokens
3. Ecosystem Participation: Utilize SNET tokens for services within the Snetwork ecosystem
4. Resource Sharing: Contribute idle computing resources to the network (when available)

Summary

SNET redefines distributed computing through blockchain technology, offering resource sharing, efficiency, and blockchain integration. Its unique approach to shared computing resources and plans for smart hardware integration set it apart in the cryptocurrency space. Despite facing adoption and market challenges, SNET's innovative spirit and focus on practical applications give it potential in the decentralized technology landscape. Whether you're a newcomer or an experienced player, SNET presents an interesting project to watch and potentially engage with in the evolving world of blockchain and distributed computing.

FAQ

What is the meaning of snet?

SNET stands for SingularityNET, a decentralized AI marketplace and platform that aims to democratize access to artificial intelligence technologies.

What is Snet in networking?

SNET in networking refers to Subnet, a logical subdivision of an IP network. It allows for more efficient network management and improved security by dividing larger networks into smaller, manageable segments.

What was Snet?

SNET (SingularityNET) was an AI marketplace platform launched in 2017. It aimed to democratize AI by creating a decentralized network for AI services and fostering collaboration among AI developers worldwide.

What company is Snet?

SingularityNET (SNET) is a decentralized AI marketplace founded by Dr. Ben Goertzel. It aims to create a global network for AI services, allowing developers to publish, sell, and use AI tools.