TL;DR
- Launch of the ASI token by Fetch.ai, SingularityNET and Ocean Protocol in May.
- Merger of native digital assets to create the ASI token with an estimated capitalization of $7.5 billion.
- Objective of democratizing the development of artificial intelligence and challenging the dominance of large technology companies.
The Alliance for Artificial Superintelligence (ASI), comprised of Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN), announced the launch of the highly anticipated ASI token in May.
This merger will combine the native digital assets of all three platforms, anticipating a market capitalization of $7.5 billion.
Under the terms of the merger, FET will be rebranded as ASI, with a token supply of 2.63 billion.
SingularityNET and Ocean Protocol tokens will also be migrated to ASI, with specific conversion rates.
This step represents a collective effort to democratize the development of artificial intelligence (AI) and to challenge the dominance of large technology companies in this field.
The merger also aims to accelerate investments in Artificial General Intelligence (AGI)
Dr. Ben Goertzel, as Founder and CEO of SingularityNET, brings a crucial perspective by highlighting the importance of democratizing the development of artificial intelligence (AI).
Its focus on democratization highlights the necessity for expanding and ensuring fairer access to AI tools and resources among all stakeholders within the industry.
This emphasis underscores the importance of creating an environment where advancements and benefits in AI are not only accessible but also fairly distributed across a diverse spectrum of users and developers.
On the other hand, Humayun Sheikh, president of the Artificial Superintelligence Alliance and CEO of Fetch.ai, adds a strategic perspective by pointing out that this event marks a new chapter in the development of AI.
Their approach highlights how the fusion of technologies to launch of the ASI token represents a significant milestone in the evolution towards decentralized and accessible AI.
CoinGecko highlighted AI as a major narrative in the crypto industry during the first quarter of this year, with notable growth in AI tokens like Fetch.ai.
This trend reflects a growing interest and recognition of the potential of AI in the area of cryptocurrencies and blockchain technology.
