The Synthetic Superintelligence Alliance (ASI), comprising Fetch.ai (FET), SingluarityNET (AGIX), and Ocean Protocol (OCEAN), mentioned the extremely anticipated ASI token might be launched in Might.
In an April 16 assertion, the Alliance said that the ASI token would merge the native digital property of the three decentralized synthetic intelligence protocols and rank among the many high 20 cryptocurrencies, boasting an estimated $7.5 billion market capitalization.
ASI token
In keeping with the merger phrases, FET might be rebranded as ASI, with a token provide of two.63 billion. The native tokens of SingularityNET and Ocean Protocol would even be migrated to ASI, with conversion charges of 0.433350:1 and 0.433226:1, respectively.
This improvement arrived practically a month after the preliminary proposal was unveiled. The merger was proposed to bolster synthetic intelligence progress and expedite investments in Synthetic Common Intelligence (AGI). Moreover, the merger goals to disrupt the dominance of massive technological firms in AI expertise improvement and commercialization.
Dr. Ben Goertzel, Founder and CEO of SingularityNET, views the merger as a stride in direction of democratizing AI improvement.
In the meantime, Humayun Sheikh, chairman of the Synthetic Superintelligence Alliance and CEO of Fetch.ai, mentioned:
“This marks the start of a brand new chapter in AI improvement, the place our collective efforts will drive progress in direction of decentralized AGI and ASI.”
AI amongst main crypto narratives
CoinGecko’s report highlighted AI as one of many dominant narratives inside the crypto business throughout the first quarter of this yr.
The sector skilled exceptional progress, boasting a staggering 222.0% in returns. Massive-cap AI tokens led the cost, with AIOZ Community hovering by 480.2% and Fetch.ai by 378.3%.
Even the comparatively underperforming OriginTrail delivered a strong return of round 75% — highlighting the widespread curiosity in AI inside the crypto neighborhood.
