In a significant development within the cryptocurrency and artificial intelligence sectors, three prominent AI-focused crypto projects have decided to merge into a single entity. This merger involves Fetchai, SingularityNET, and Ocean Protocol, each a leader in decentralized AI technologies. The merger is set to culminate in the creation of the Artificial Superintelligence Alliance (ASI), with the launch of a unified ASI token planned for May.
The Birth of the Artificial Superintelligence Alliance
This newly formed alliance aims to position the ASI token among the top 20 cryptocurrencies by market value, following a strategic vote by the communities of Fetchai and SingularityNET. The ASI Alliance represents a strategic response to the swift expansion of AI technologies and a concerted effort to reduce the dominance of major tech corporations in the AI space.
Token Conversion and Distribution Details
With the formation of the ASI, the existing tokens from the merging entities will convert into ASI tokens. Specifically, FET will transition into the ASI Token with a total supply of 2.63055 billion tokens. AGIX tokens will convert at a ratio of 0.433350 to 1, whereas OCEAN tokens will convert at 0.433226 to 1 into the ASI Token. This strategic distribution is designed to streamline operations and enhance the collaborative efforts of the alliance.
Points to Take Into Account
- The ASI Alliance could lead to increased market competitiveness against major tech corporations in AI.
- Token conversion ratios are crucial for current holders of FET, AGIX, and OCEAN to understand potential changes in their investments.
- The merger may place the ASI token within the top 20 cryptocurrencies, impacting token value and investor interest.
This collaboration marks a pivotal step in changing how decentralized AI projects operate, potentially setting a precedent for future alliances in the tech and cryptocurrency realms. By joining forces, these entities not only amplify their technological capabilities but also reinforce their position against the conventional dominance of large technology companies.