- The Superintelligence Alliance, which includes Fetch.ai, SingularityNET, and Ocean Protocol, has introduced the ASI token to help unite AI development efforts.
- The $ASI token represents the combination of the FET, OCEAN, and AGIX tokens, with the goal of accelerating developments in Artificial Superintelligence.
The Superintelligence Alliance, a collaboration involving Fetch.ai, SingularityNET, and Ocean Protocol, brings the AI sector closer to a transformative union.
The launch of the ASI token—an acronym for “Artificial Superintelligence”—shows that this collaboration is a concerted move toward the creation of advanced artificial intelligence, recalling ETHNews’s previous disclosures.
Of course, this action highlights a collaborative effort to fully utilize AI’s potential through a synergistic strategy, reflecting the industry’s rapid expansion and the expanding AI project activities.
1/1 🔒
Following the announcement of our merger with @SingularityNET, and @oceanprotocol to create the Superintelligence Alliance, let’s dive into what $ASI is, and what you can expect as a $FET holder 💡
Read the details 👇https://t.co/GN6cP2Szhp pic.twitter.com/YUnss2fN8d
— Fetch.ai (@Fetch_ai) March 27, 2024
The Launch of the ASI Token
By uniting the unique strengths of three leading decentralized artificial intelligence companies, the partnership ushers in a new era of cooperation focused on speeding the evolution of AI. The ASI token, which will act as the alliance’s economic skeleton and represent the union of the FET, OCEAN, and AGIX tokens into a single, cohesive entity, is at the center of this strategic merger.
The governance ideas that have been sent out to the communities of Fetch.ai, SingularityNET, and Ocean Protocol are set to bring about this unity. Voting is scheduled to start on April 2 and end on April 16.
Process of Token Transition
Holders of FET tokens will be able to convert their tokens into ASI at a 1:1 ratio after approval; this transfer is intended to be simple and equitable.
The launch of ASI is expected to increase the alliance’s market share; with a combined valuation of almost $7.5 billion and a total token supply of 2.631 billion, this is expected to benefit the alliance. This strategic partnership represents a deeper commitment to guiding the direction of artificial intelligence than just technological fusion.
Artificial General Intelligence (AGI) and eventually Artificial Superintelligence (ASI) are becoming more tangible as the industry experiences rapid advances, especially in Large Language Models (LLMs) and beyond.
We stand at the precipice of a new era!
In an unprecedented move, @SingularityNET, @Fetch_ai, and @Oceanprotocol have united to forge an Artificial Super Intelligence, marking a transformative phase in AI.
From the ethos of SingularityNET, SingularityDAO was conceived—a… pic.twitter.com/dpSXFrKykY
— SingularityDAO (@SingularityDAO) March 27, 2024
In order to avoid centralization hazards, ensure that the enormous potential of ASI is tapped responsibly, and promote a democratized AI environment, the alliance’s decentralized ethos is essential.
Also, SingularityNET, Ocean Protocol, and Fetch.ai are committed to fostering an inclusive, open-source AI environment by providing alternatives to proprietary solutions.
The integration strategy of the alliance is multifaceted, drawing on the blockchain-based AI agents of Fetch.ai, the AI R&D capabilities of SingularityNET, and the data economics know-how of Ocean Protocol.
A council made up of officials from the founding entities will oversee governance in accordance with the alliance’s ultimate goal and vision.
It is intended that the switch to ASI will be smooth for current token holders. To ensure a seamless transition into the Superintelligence Alliance’s economic structure, holders of OCEAN and AGIX tokens will receive guidance during the switch process, whereas holders of FET tokens on exchanges will automatically have their tokens converted to ASI.