Ocean Protocol

SingularityNET

The Artificial Superintelligence (ASI) Alliance, recently formed by SingularityNET, Fetch.ai, and Ocean Protocol, has announced the addition of a fourth member.
According to a press release shared with Cointelegraph, Cudos, a decentralized cloud computing provider, will be added to the Alliance pending community approval.
The addition of this fourth member will be decided by a vote scheduled for Sept. 19-24, and if approved, the integration will feature a token merger between Cudos and the Alliance’s FET token.
In a written Q&amp;A with Cointelegraph, Matt Hawkins, founder and CEO of Cudos, explained that the development “adds computational resources and utility to ASI.”
<blockquote>
 “...ASI contributes additional AI capabilities to Cudos. Ultimately, our goal is to accelerate the adoption of decentralized AI solutions.”
</blockquote>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/asi-alliance-cloud-decentralization-agi-risks" rel="null" target="null" text="null" title="null">ASI Alliance calls for decentralized cloud infrastructure in AI development</a>
<h2 id="fourth-member-integration-details">Fourth-member integration details</h2>
Integrating Cudos into the Alliance adds decentralized cloud computing network capabilities to the group, leveraging advanced graphic processing units (GPUs) to boost AI processing.
According to the press release, the ASI Alliance expansion aims to boost its computing power while reducing reliance on centralized providers like Amazon
This fourth-member expansion also furthers the Alliance’s push for establishing decentralized cloud infrastructure, as <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/asi-alliance-cloud-decentralization-agi-risks" rel="null" target="null" text="null" title="null">evidenced in a Sept. 3 statement by the group.</a>
In a Q&amp;A with Cointelegraph, Humayun Sheikh, chairman of the ASI Alliance and CEO of Fetch.ai, stated that the group is “actively working” on transitioning the FET token to ASI.
<blockquote>
 “...we anticipate making progress in the coming months.“
</blockquote>
 Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-opts-out-asi-token-merger" rel="null" target="null" text="null" title="null">Coinbase opts out of ASI token migration as $7.5B merger proceeds</a> 
<h2 id="centralized-vs-decentralized">Centralized vs. decentralized</h2>
Regarding centralization vs. decentralization, Sheikh stated that “decentralized computing is better than centralized computing/AI.”
<blockquote>
 “...it offers greater scalability, resilience, and security. It prevents bottlenecks, enhances privacy, and minimizes vulnerabilities to attacks.”
</blockquote>
Sheikh explained that the distribution of resources globally reduces “reliance on a single provider, fostering innovation and democratizing access to AI technologies for a diverse range of users.” Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/singularitynet-asi-token-merger-dates" rel="null" target="null" text="null" title="null">SingularityNET announces ASI token merger dates for FET, AGIX, OCEAN</a>
<h2 id="coinbase-opts-out-of-asi-migration">Coinbase opts out of ASI migration</h2>
Multiple cryptocurrency exchanges supported the automatic migration of the Ocean Protocol native token into FET on July 1, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-opts-out-asi-token-merger" rel="null" target="null" text="null" title="null">but not Coinbase.</a>
On June 27, the centralized crypto exchange stated that it would “not facilitate the migration” process of “OCEAN to FET or FET to ASI on behalf of users.”
Although Coinbase’s lack of support can suggest centralized entity resistance, other centralized exchanges, including Binance, Crypto.com and KuCoin, did support the token migration. Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/parents-addicted-pi-network-crypto-tapper/" rel="null" target="null" text="null" title="null">Help! My parents are addicted to Pi Network crypto tapper</a>

ASI Alliance expands with fourth member pending community vote

Table of Contents

Cointelegraph

Other articles published on Sep 11, 2024

Positive Sign for Solana Holders Is on the Chart as YouTuber Updates His SOL Price Prediction

Tether Beats BlackRock with $6.2 Billion Profit in 2023

Unprecedented Fines Levied by SEC Reshape Bitcoin Ecosystem Regulation

Angel Drainer Resurfaces: New Phishing Toolkit AngelX Deploys 300+ Malicious dApps

Decentralized Trading Boost – Major XRP Ledger Update Imminent

Indonesia’s Largest Centralized Exchange Suffers $18 Million Exploit: Report

Join our free newsletter for daily crypto updates!