FET, AGIX & OCEAN become one: This is what you need to know about the ASI token
During the week of June 10-16, Fetch.ai (FET), SingularityNET (AGIX) and Ocean Protocol (OCEAN) will join forces into one token: the Artificial Superintelligence Alliance (ASI). These three blockchain projects have joined forces to create this super token, a decentralized alternative to AI projects controlled by big tech companies.
The origins of the ASI Alliance
On June 13, 2024 the merger of SingularityNET (SNET), Fetch.ai and Ocean Protocol are completed. This means that the $FET token will be renamed $ASI, and the $ASI token will function within the combined decentralized AI network. This alliance represents the largest open-source, decentralized network focused on the AI industry.
Ben GoertzelCEO of ASI Alliance and pioneer of AGIX and founder of SNET, states that this merger heralds a new era for AI, joining forces to achieve unprecedented progress.
The ASI future
With the completion of the merger, a decentralized AI infrastructure at scale will become a reality. This collaboration lays the foundation for an open, scalable AI infrastructure that leverages blockchain to ensure ethical and trustworthy practices in AI development and implementation.
“This is only the start of a broader movement to gather together forces working toward beneficial decentralized AGI and super-intelligence. The ASI token serves as a symbol and a practical tool for our shared quest to leverage advanced AI, blockchain and decentralized governance to move quickly and effectively toward an amazing future for all.”
Future perspective
With their new economies of scale, the Alliance wants to make a real difference in the way Big Tech controls the narrative and direction of AI. Although there is still a long way to go, this first step provides a foundation for others with a similar mission to make a difference together.
