Bittime - The merger between FET, AGIX, and OCEAN into the ASI token has been approved.The total value of these three tokens reaches $7.5 billion and has the potential to enter the top 20 crypto assets after becoming an Artificial Super Intelligence (ASI) token. The ASI token itself is planned to be launched in May.
ASI Token Was Born to Fight Tech Giants
This merger aims to create an AI token that can rival the dominance of large technology companies in the field of artificial intelligence. In the future, the ASI token will support the development of decentralized infrastructure.
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This is to speed up research on Artificial General Intelligence (AGI).
Also read: What is SingularityNET AGIX?
The Fetch.AI and SingularityNET communities have approved this merger. Here is the summary:
- FET tokens will become ASI tokens with a total of 2.63 billion tokens.
- AGIX tokens will be converted into ASI at a ratio of 0.433350 AGIX per 1 ASI.
- OCEAN tokens will be converted into ASI at a ratio of 0.433226 OCEAN per 1 ASI.
Remain Independent, But United
Even though they merged into the ASI token, the three AI protocols still operate independently. Their cooperation will be facilitated by a council consisting of representatives from each party.
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Fetch.AI's Humayun Sheikh will be chairman of the board, while SingularityNET's Ben Goertzel will be CEO. Representatives from Ocean Protocol, Trent McConaghy and Bruce Pon, will also sit on the board.
Also read: What is Ocean Protocol (OCEAN)?
Token Price Drops Temporarily
For information, the prices of FET, AGIX, and OCEAN tokens are currently decreasing slightly. The price of the token fell around 1-2% in a day and around 20% in the last week.
Main focus of ASI
ASI itself is currently focusing on three main development areas:
- Utilization of AI agents in the commercial realm: ASI plans to present AI agents that can be used in various business activities.
- Development of neural symbolic language learning models (LLMs): ASI will continue to advance artificial intelligence models capable of understanding and using language like humans.
- Use and sharing of AI data: ASI sees the importance of sharing and using AI data effectively to advance artificial intelligence research and development.
To achieve these plans, ASI is focusing on improving their GPU infrastructure. An investment of $100 million was made by Fetch.ai to bring in Nvidia H200, H100 and A100 GPUs.
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With this infrastructure, ASI wants to create a platform that allows developers and users to take advantage of high computing power.
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Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
AGIX Price Prediction: Will SingularityNET Continue Its Skyrocket?
Fetch.ai (FET) Price Rises Amidst AI Token Surge
AI, FET, AGIX, and OCEAN Token Merger: Facts to Know
What is Ocean Protocol (OCEAN)?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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