The Birth of an AI Giant: Fetch.ai, Ocean Protocol, and SingularityNET Join Forces to Create ASI (Artificial Superintelligence Alliance)!

Bittime - Fetch.ai, Ocean Protocol, and SingularityNET officially joined forces to form the Super Artificial Intelligence Alliance (ASI) on June 13, 2024. These three major players came together to create the largest decentralized AI network and challenge Big Tech's dominance in AI development.

Historic Merger Gives Birth to $ASI Token

As of June 11, 2024, Fetch.ai's $FET token will be renamed $ASI. The official merger was completed on June 13, 2024. The $ASI token will then function across the decentralized AI federated network, making the three projects operate as a single, powerful ecosystem.

Also read: UMA Coin Price Prediction (UMA) 2024-2030: Will Explode in the Next 6 Years

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ERC20 token holders can swap $FET tokens for $ASI via a token migration contract starting June 11, followed by $AGIX and $OCEAN migration on June 13. This audited and secure token migration contract ensures a smooth transition for over 200,000 token holders.

Vision for the Future of ASI (Artificial Superintelligence Alliance)

The completion of this merger marks the realization of decentralized AI infrastructure on an unprecedented scale. By combining the research, brands, technologies and products of Fetch.ai, SingularityNET and Ocean Protocol, the foundation for an open and scalable AI ecosystem is built.

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Humayun Sheikh, CEO and Founder of Fetch.ai and Chairman of ASI, emphasized, "This alliance is forging a different path in a world of rapid AI innovation. With our new economies of scale, we can make significant inroads in changing the narrative and direction we are driving by Big Tech. This initial step provides a platform for others with similar missions to make a difference. We greatly appreciate the enthusiastic response from the diverse community and look forward to welcoming additional strategic collaborators to the Alliance."

$ASI Alliance Challenges Big Tech's Dominance

Driven by the rapid advancement of AI and the extraordinary growth of leading AI projects, this monumental partnership presents a major challenge to Big Tech's dominance in AI development. The ASI Alliance, spearheaded by visionaries Humayun Sheikh, Ben Goertzel, and Trent McConaghy, aims to accelerate the commercialization and monetization of their technology, enabling broad access to cutting-edge AI platforms and extensive data sets. They aspire to push the development of AGI (Artificial General Intelligence) to a new level as a stepping stone to super intelligence.

Bruce Pon, Founder of Ocean Protocol and Board Director of the ASI Alliance, stated, "The ASI Alliance will be a game changer for web3 adoption for AI and data. We have worked out many details to make the process smooth and we look forward to officially launching ASI."

$ASI Focuses on Decentralized Superintelligence

With a unique focus on the creation of decentralized superintelligence, the Artificial Superintelligence Alliance is now the world's largest independent AI foundation. Dr. Ben Goertzel, CEO of the ASI Alliance, said, "This merger paves the way for a new era in AI, combining our strengths to achieve unprecedented progress. This is just the beginning of a broader movement to gather forces working towards beneficial decentralized AGI and superintelligence. The $ASI token serves as a symbol and practical tool for our collective quest to leverage advanced AI, blockchain, and decentralized governance to move quickly and effectively toward an extraordinary future for all."

Important Details

• $FET was renamed $ASI, with a total supply of 2.63055 billion tokens.
• The bridge for the migration of ERC20 tokens $FET to $ASI is opened with a conversion rate of 1:1.
• The bridge for the migration of ERC20 token $AGIX to $ASI was opened with a conversion rate of 0.433350:1.
• The bridge for the migration of ERC20 token $OCEAN to $ASI was opened with a conversion rate of 0.433226:1.

About the Breast Milk Alliance

Formed by combining Fetch.ai, Ocean Protocol, and SingularityNET, the ASI Alliance is dedicated to creating decentralized superintelligence that benefits humanity. The merger will be fully completed on June 13, 2024. 

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