TL;DR
- SingularityNET, Fetch.ai and Ocean Protocol finalize merger to create ASI Alliance.
- Token $FET renamed to $ASI, token migration as of June 11th.
- Leadership of prominent figures such as Ben Goertzel and Humayun Sheikh in promoting decentralized AI infrastructure.
SingularityNET, Fetch.ai and Ocean Protocol, three pioneers in artificial intelligence (AI), have taken a bold step towards creating a decentralized AI ecosystem with the formation of the Artificial Superintelligence Alliance.
Announcing the final merger for June 13, 2024, this move represents an unprecedented collaboration between three leading platforms in the AI industry.
ASI Inevitable – Token Merger Set
Save the date – June 13th 2024
You are all invited to join @SingularityNET @Fetch_ai and @oceanprotocol in becoming the founding members of the Artificial Superintelligence Alliance
AI must be decentralized, open and beneficial to all… pic.twitter.com/0i7zudmP4c
— Artificial Superintelligence Alliance (@ASI_Alliance) May 29, 2024
The merge process involves the transition of Fetch.ai‘s $FET token to the new $ASI token, along with the migration of $AGIX and $OCEAN tokens from SingularityNET and Ocean Protocol respectively.
This migration will begin on June 11, offering token holders the opportunity to exchange their assets at a previously announced conversion rate.
Ben Goertzel, CEO of the ASI Alliance and founder of SingularityNET, expressed his excitement about the potential of this merger to boost the development of decentralized AI.
He highlighted that the $ASI token not only symbolizes a milestone in collaboration between these platforms, but also serves as a practical tool to move towards a beneficial and ethical AI future.
With this merger, the Alliance is expected to establish a decentralized AI infrastructure at scale, leveraging blockchain technology to ensure ethical and trustworthy practices in the development and deployment of AI.
ASI collaboration seeks to challenge the dominance of big AI technology companies
Bruce Pon, founder of Ocean Protocol and member of the board of directors of the ASI Alliance, underlined the significance of this collaboration by highlighting its potential impact on the adoption of web3 technology for the integration of artificial intelligence (AI) and management of data.
Pon emphasized how this partnership between SingularityNET, Fetch.ai and Ocean Protocol can open up new possibilities for the implementation of decentralized AI systems in the digital age.
On the other hand, Humayun Sheikh, CEO and founder of Fetch.ai, who also serves as president of the Alliance, emphasized the relevance of collaboration in the fight against the dominance of large technology companies over the direction of AI.
Sheikh highlighted the need for a collaborative and transparent approach in the development of AI, seeking to counteract the centralization of power and foster a more equitable and diverse ecosystem in the industry.
The merger of SingularityNET, Fetch.ai and Ocean Protocol to form the ASI Alliance represents a significant milestone in the evolution of AI towards a more decentralized and ethical model.
This union of three prominent AI platforms not only consolidates their expertise and resources, but also sets a new standard for collaboration in the technology industry, promoting open innovation and transparency.
