4 months ago
Fetch.ai, SingularityNET, and Ocean Protocol, starring entities successful decentralized AI, announced plans to finalize the Artificial Superintelligence Alliance (ASI) merger by June 2024, according to a May 29 connection shared with CryptoSlate.
The merger volition unify the autochthonal tokens of these AI-focused protocols into the ASI token, which would person a full proviso of 2.63055 cardinal tokens. This determination volition found ASI arsenic the AI industry’s largest open-source, decentralized network. As of May 28, the caller token has a marketplace headdress of $5.8 billion.
FET token holders tin migrate to ASI done a token migration declaration by June 11. Likewise, holders of SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens tin swap their tokens by June 13.
The merger is acceptable to beryllium completed 3 months aft the initial proposal. It was designed to bolster AI growth, expedite investments successful Artificial General Intelligence (AGI), and disrupt Big Tech’s dominance successful AI exertion improvement and commercialization.
Challenging BigTech AI dominance
The merger aims to accelerate the maturation of decentralized AI infrastructure astatine scale, laying the instauration for an open, scalable AI ecosystem that leverages blockchain for ethical and trustworthy AI improvement and deployment.
Ben Goertzel, CEO of the ASI Alliance, hailed the merger arsenic a pivotal infinitesimal for AI. He emphasized that the confederation volition merge the strengths of the 3 platforms to thrust important advancements. Goertzel stated:
“This is lone the commencement of a broader question to stitchery unneurotic forces moving toward beneficial decentralized AGI and super-intelligence. The ASI token serves arsenic a awesome and a applicable instrumentality for our shared quest to leverage precocious AI, blockchain and decentralized governance to determination rapidly and efficaciously toward an astonishing aboriginal for all.”
Humayun Sheikh, CEO & Founder of Fetch.ai and ASI Chairman, added:
“With our newfound economies of standard the Alliance tin marque existent inroads to alteration the mode Big Tech controls the communicative and absorption of AI. We person a agelong mode to go, but this archetypal measurement provides a instauration for others with a akin ngo to marque a difference.”
The station Fetch, SingularityNET, and Ocean Protocol merger into AI powerhouse to beryllium finalized successful June appeared archetypal connected CryptoSlate.
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