Bittime - Three artificial intelligence giants, SingularityNET, Fetch.ai, and Ocean Protocol, have entered into a strategic alliance by pooling their tokens.
The Artificial Intelligence Superintelligence Alliance, which spearheaded the merger, announced approval of the ASI token pool, an initiative initiated to accelerate the progress of decentralized AI. The official launch is scheduled for May 24.
This merger targets the promotion of the $ASI token into the ranks of the top 20 cryptocurrencies based on market capitalization.
A vote will be taken by the alliance community consisting of Fetch.ai and SingularityNET members to formalize this move.
$ASI Token Merger: The Combined Power of $FET, $AGIX, and $OCEAN
ASI, an ambitious project that combines the strengths of $FET, $AGIX, and $OCEAN, is predicted to have a total value of $7.5 billion.
The merger is targeted for completion next month, marking a new era in the decentralized artificial intelligence landscape.
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Merger Agreement
The $ASI token merger received majority approval from the respective communities, signaling widespread support for this collective vision. Here are the next steps, as explained in the official press release:
- $FET Transformation: $FET tokens will be converted into $ASI, with a total supply of 2.63055 billion tokens.
- $AGIX Integration: $AGIX tokens will be migrated to $ASI with a conversion ratio of 0.433350 to 1.
- $OCEAN unification: $OCEAN tokens will also be migrated to $ASI with a conversion ratio of 0.433226 to 1.
The main purpose
The main goal of this project is to build a large-scale AI infrastructure that is decentralized and upholds ethical and trusted practices.
This platform merger aims to empower developers and users to encourage the creation of a more democratic and transparent AI ecosystem.
The AI Superintelligence Alliance recently announced the launch of ASI on X, and stated that updates regarding the multi-billion dollar token merger will follow soon.
Uniting Against Tech Giants: An Artificial Superintelligence Alliance Emerges
The artificial intelligence (AI) industry is experiencing a rapid surge, marked by the merger of three leading AI companies, Fetch.ai, SingularityNET, and Ocean Protocol.
This merger is a strategic step to counter the dominance of big technology companies (Big Tech) in the development, implementation and monetization of AI.
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A New Era of AI Landscape
This monumental collaboration marks a new era in the AI landscape, combining the expertise of three renowned decentralized leaders.
The Artificial Superintelligence (ASI) Alliance is positioned to become a major player in AI research and development, challenging the status quo dominated by Big Tech.
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Collaboration: Accelerating Investment
The motivation behind the formation of ASI was not only to respond to the exponential growth of AI projects, but also to wrest control from Big Tech.
This collaboration aims to accelerate investment in artificial general intelligence (AGI), realize the commercialization of next-generation AI technologies, and open up broad public access to AI platforms and large databases.
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