Connect with us

Altcoins

ASI Alliance Unites SingularityNET, Ocean Protocol, and Fetch.AI

SingularityNET, Ocean Protocol, and Fetch.AI merge into ASI Alliance, forming a $7 billion business. ASI token deployed across Cardano, Ethereum, Fetch.AI, and Hypercycle.

ShahZaib Ahmed

Published

on

ASI Alliance Unites SingularityNET, Ocean Protocol, and Fetch.AI

SingularityNET, Ocean Protocol, and Fetch.AI have revealed that they are merging into one of the biggest businesses, the Artificial Superintelligence Alliance (ASI). The companies expect to gain a market value of $7 billion by joining forces in this alliance, which aims to lead the new AI and blockchain projects.

Strategic Deployment of ASI Token Across Multiple Platforms

SingularityNET CEO Ben Goertzel has revealed a strategic multi-chain approach for deploying the ASI token. This token, representing the merged projects’ combined value, will be available on prominent blockchain platforms, including Cardano, Ethereum, Fetch.AI’s native layer 1 network, and Hypercycle.

Cardano’s Role as an AI-hosting Blockchain

Cardano’s addition as a hosting blockchain for the ASI token is a development. Despite facing criticism, Cardano’s established presence positions it as a leader in the crypto landscape. The consideration of Cardano for hosting ASI emphasizes its potential for growth and innovation in the gathering of AI and blockchain.

Formation of the ASI Alliance

ASI Alliance, initiated by Dr Ben Goertzel, Humayun Sheikh, Bruce Pon, and Trent McConaghy, functions as an AI network with a process of decentralization at scale.

Ocean Protocol alliance

The merger of SingularityNET, Fetch.AI, and Ocean Protocol has represented major progress in the direction of democratization of AI and balance of power in AI technology, usage, and economic aspects, as it is competition to Big Tech.

Implications of Token Merger

 $FET, $AGIX, and $OCEAN tokens will be combined to form one $ASI token. The monetary token will be implemented with an overall supply of 2.63055 billion tokens, and the initial price of the token is set at $2.82.

According to the forecast, this is going to streamline investment into Artificial General Intelligence (AGI) and result in the creation of the top the list in the R&D, applications, and business of the AGI.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *