- Three major AI crypto tokens—Fetch.AI, SingularityNET, and Ocean Protocol—are merging.
- The new token will be called Artificial Super Intelligence (ASI).
- ASI aims to challenge the dominance of big tech companies in AI.
- The merger was supported by community votes from Fetch.AI and SingularityNET.
- ASI is set for launch in May with a total supply of 2.63055 billion tokens.
The crypto world is seeing a significant consolidation as three leading artificial intelligence protocols—Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN)—have announced their merger into a single powerhouse token named Artificial Super Intelligence (ASI).
This move aims to foster greater development in the field of decentralized artificial intelligence.
Details on Token Transition
As part of the merger process:
- FET will transition into ASI with no change in total supply.
- AGIX holders will convert their holdings to ASI at a rate of 0.433350 to 1.
- OCEAN holders will follow suit with a conversion rate of 0.433226 to 1.
This unified approach not only simplifies the structure but also pools resources and expertise from each entity under one umbrella governed by an experienced council including leaders like Humayun Sheikh from Fetch.AI as Chairman, Ben Goertzel from SingularityNET as CEO, along with Trent McConaghy and Bruce Pon representing Ocean Protocol.
Looking Ahead
With its official launch scheduled for May, ASI stands poised not just as another cryptocurrency but as an innovative force aiming at reshaping how artificial intelligence develops within decentralized networks.
Despite recent price dips across all three tokens post announcement—a common market reaction—the long-term outlook remains optimistic about this bold step towards creating more robust AI solutions that are less dependent on traditional tech giants.
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