News
FET, AGIX and OCEAN merged into ASI in 7 days
Tue 04 Jun 2024 ▪ 4 minute read ▪ by Mikaia A.
SingularityNET, Fetch.ai and Ocean Protocol join forces to create the ASI token, promoting integrated AI encryption. Announced for June 11, the merger marks a critical step toward decentralized AI innovation.
Strategic unification for decentralized AI cryptography
The world of cryptocurrencies and artificial intelligence is preparing to take a historic step with the merger of FET, AGIX and OCEAN tokens in a single token called Artificial Superintelligence Alliance (ASI).
SingularityNET announced it this process will begin on June 11th with the renaming of FET to ASI, followed by the conversion of AGIX and OCEAN tokens on June 13. This strategic operation aims to consolidate the strengths of these three major players in the crypto AI sector.
According to SingularityNET relationshipthis unification will create the largest open source decentralized network in the field of artificial intelligence, bringing together more than 200,000 token holders. The conversion process, which will take place via SingularityNET’s decentralized AI platform, will use verified migration contracts to ensure the security of transactions.
THE specific conversion rates have been established: 1:1 for FET, 1:0.433350 for AGIX and 1:0.433226 for OCEAN. The vision behind this merger is to offer unprecedented scale and power in the AI industry, while facilitating collaboration between various players.
A unique collaboration against the tech giants
The fusion of tokens within the Superintelligence Collectiveled by Ben Goertzel of SingularityNET and Humayun Sheikh of Fetch.ai, comes at a time when tech giants love Alphabet e Microsoft they are investing heavily in artificial intelligenceor even just think about it monopolize the sector.
This alliance represents an ambitious response we are aiming for develop decentralized AI technologyescaping the control of large corporations to be more accountable to shareholders.
The collective’s mission is to promote collaborative innovation and create a fairer technological ecosystem.
The distinct businesses of SingularityNET, Fetch.ai and Ocean Protocol will be retained but will operate under the oversight of a common entity, allowing for greater synergy.
This initiative reflects the growing importance of AI Cryptocurrencieswhich they have already achieved a market capitalization of more than $38.7 billion ($25 billion as of early March) according to CoinMarketCap. In addition to strengthening the market position of these companies, this merger offers exciting prospects for the future of AI and cryptocurrency technologies, with ASI playing a central role in this new ecosystem.
In conclusion, the merger of SingularityNET, Fetch.ai and Ocean Protocol tokens into ASI marks the beginning of a new era for AI cryptocurrencies, promoting decentralized and collaborative innovation.
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Mikaia A.
The blockchain and cryptocurrency revolution is underway! And on the day when the impacts are strong and the most vulnerable economy in the world is affected, against all hope, you will say that I was for what I chose
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be relied upon as investment advice. Do your research before making any investment decisions.