Fetch.ai, SingularityNET, and Ocean Protocol’s planned $7.5 billion ASI token to launch in May

The Artificial Superintelligence Alliance (ASI), comprising Fetch.ai (FET), SingluarityNET (AGIX), and Ocean Protocol (OCEAN), said the highly anticipated ASI token volition beryllium launched successful May.

In an April 16 statement, the Alliance stated that the ASI token would merge the autochthonal integer assets of the 3 decentralized artificial quality protocols and rank among the apical 20 cryptocurrencies, boasting an estimated $7.5 cardinal marketplace capitalization.

ASI token

According to the merger terms, FET volition beryllium rebranded arsenic ASI, with a token proviso of 2.63 billion. The autochthonal tokens of SingularityNET and Ocean Protocol would besides beryllium migrated to ASI, with conversion rates of 0.433350:1 and 0.433226:1, respectively.

This improvement arrived astir a period aft the archetypal connection was unveiled. The merger was proposed to bolster artificial quality maturation and expedite investments successful Artificial General Intelligence (AGI). Additionally, the merger aims to disrupt the dominance of large technological companies successful AI exertion improvement and commercialization.

Dr. Ben Goertzel, Founder and CEO of SingularityNET, views the merger arsenic a stride towards democratizing AI development.

Meanwhile, Humayun Sheikh, president of the Artificial Superintelligence Alliance and CEO of Fetch.ai, said:

“This marks the opening of a caller section successful AI development, wherever our corporate efforts volition thrust advancement towards decentralized AGI and ASI.”

AI among starring crypto narratives

CoinGecko’s report highlighted AI arsenic 1 of the ascendant narratives wrong the crypto manufacture during the archetypal 4th of this year.

The assemblage experienced singular growth, boasting a staggering 222.0% successful returns. Large-cap AI tokens led the charge, with AIOZ Network soaring by 480.2% and Fetch.ai by 378.3%.

Even the comparatively underperforming OriginTrail delivered a coagulated instrumentality of astir 75% — highlighting the wide involvement successful AI wrong the crypto community.

The station Fetch.ai, SingularityNET, and Ocean Protocol’s planned $7.5 cardinal ASI token to motorboat successful May appeared archetypal connected CryptoSlate.