Ocean Protocol

SingularityNET

Artificial Superintelligence Alliance

<p>SingularityNET, Fetch.ai and Ocean Protocol join forces to create the ASI token, promoting an integrated AI crypto. Announced for June 11, the merger marks a key step towards decentralized AI innovation.</p>
<h2 id="h-strategic-unification-for-a-decentralized-ai-crypto">Strategic unification for a decentralized AI crypto</h2>
<p>The world of cryptocurrencies and artificial intelligence is about to take a historic step with the <strong><a href="https://www.cointribune.com/en/crypto-fetch-ai-singularitynet-and-ocean-merge-into-a-single-ai-project/" target="_blank" rel="noopener noreferrer nofollow">merge of the FET, AGIX and OCEAN tokens</a> into a single token named Artificial Superintelligence Alliance (ASI)</strong>.</p>
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   «&nbsp;<em>In the May edition of our ecosystem roundup, we explore the details of the @ASI-Alliance token merger, our successful technical meeting on the platform, the overwhelming response to @DeepFunding R4, community-led initiatives, and broader ecosystem developments.</em>&nbsp;»
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<p>SingularityNET announced that <strong>this process will begin on June 11</strong> 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 AI crypto sector.</p>
<p>According to SingularityNET’s <a href="https://medium.com/singularitynet/singularitynet-latest-ecosystem-updates-may-2024-5b8fc99bdc1d" target="_blank" rel="noopener noreferrer nofollow">report</a>, this unification will <strong>create the largest decentralized open-source network</strong> in the AI field, bringing together <strong>more than 200,000 token holders</strong>. The conversion process, which will take place via SingularityNET’s decentralized AI platform, will use audited migration contracts to ensure transaction security.</p>
<p>The <strong>specific conversion rates</strong> have been established: <strong>1:1 for FET, 1:0.433350 for AGIX, and 1:0.433226 for OCEAN</strong>. The vision behind this merger is to offer unprecedented scale and power in the AI industry while facilitating collaboration among various actors.</p>
<h2 id="h-a-unique-collaboration-against-tech-giants">A unique collaboration against tech giants</h2>
<p>The token merger within the <strong>Superintelligence Collective</strong>, led by Ben Goertzel of SingularityNET and Humayun Sheikh of Fetch.ai, comes at a time when tech giants like <strong>Alphabet and <a href="https://www.cointribune.com/en/microsoft-hits-hard-its-ai-tool-aims-to-reinvent-finance/" target="_blank" rel="noopener noreferrer nofollow">Microsoft</a> are investing heavily in AI</strong>, or even thinking about <a href="https://www.cointribune.com/en/artificial-intelligence-ai-towards-a-gafam-monopoly/" target="_blank" rel="noopener noreferrer nofollow">monopolizing the sector</a>.</p>
<p>This alliance represents an ambitious response aimed at <strong>developing decentralized AI technology</strong>, escaping the control of large companies to be more accountable to shareholders.</p>
<p>The collective’s mission is to promote <strong>collaborative innovation</strong> and create a <strong>more equitable technological ecosystem</strong>.</p>
<p>The distinct activities of SingularityNET, Fetch.ai, and Ocean Protocol will be maintained but will operate under the supervision of a common entity, allowing for increased synergy.</p>
<p>This initiative reflects the growing importance of <strong>AI cryptos</strong>, which have already reached <strong>a market capitalization of over $38.7 billion</strong> (<a href="https://www.cointribune.com/les-cryptos-ia-franchissent-le-cap-des-25-milliards-de-dollars/" target="_blank" rel="noopener noreferrer nofollow">$25 billion in early March</a>) according to CoinMarketCap. In addition to strengthening these companies’ market position, this merger offers exciting prospects for the future of AI and cryptocurrency technologies, with ASI playing a central role in this new ecosystem.</p>
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<p>In conclusion, the merger of SingularityNET, Fetch.ai, and Ocean Protocol tokens into ASI marks the beginning of a new era for AI cryptos, promoting decentralized and collaborative innovation.</p>

Crypto AI: Merge of FET, AGIX, and OCEAN into ASI in 7 days

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