As a seasoned crypto investor, I’m always on the lookout for promising projects that can potentially disrupt traditional industries and create significant value for their investors. The recent merger of Fetch.ai, SingularityNET, and Ocean Protocol into the Artificial Superintelligence Alliance (ASI) is one such development that has caught my attention.
As a researcher studying the latest developments in the field of decentralized artificial intelligence, I’m excited to share that Fetch.ai, SingularityNET, and Ocean Protocol, collectively referred to as the “Artificial Superintelligence Alliance” (ASI), have officially completed their merger in June. This groundbreaking collaboration aims to establish the largest decentralized AI network, introducing a new unified token – ASI – for this innovative ecosystem.
Beginning June 11, 2024, I’ll be part of the team overseeing the renaming process of FET to ASI. By June 13, this transition will be finalized. Post-renaming, the ASI token will become the universal currency across the entire network, granting us enhanced scalability and power.
Artificial Superintelligence Alliance
In the announcement from the press release that was given to CryptoPotato, users are able to initiate the exchange of FET for ASI tokens starting on June 11 through a safeguarded token migration contract. The conversion of AGIX and OCEAN tokens will then occur on June 13. Approximately 200,000 holders’ tokens will be securely transferred using this contract at predetermined exchange rates.
Ben Goertzel, CEO of ASI Alliance, said,
As an analyst, I would express it this way: “This merger marks a significant milestone in the development of AI. By bringing our unique capabilities together, we are poised to make groundbreaking strides in this field. This is just the beginning of a larger trend, as like-minded forces unite to pursue the creation of decentralized AGI and super-intelligence for the benefit of all.”
The ASI token represents our collective means and instrument for harnessing the power of sophisticated AI, blockchain technology, and decentralized decision-making to swiftly and productively advance towards an inspiring future for everyone.
As a researcher involved in this project, I can share that our primary goal is to make decentralized AI infrastructure more achievable through this merger. By combining SNET, Fetch.ai, and Ocean Protocol’s resources – research, brands, technologies, and products – we aim to establish the foundation for an open, scalable AI system. This system will leverage blockchain technology to uphold ethical and trustworthy development and usage in AI.
Challenging Big Tech’s Dominance in AI
As a analyst, I would express it this way: In the rapidly expanding field of AI development, my collaborative initiative aims to contest the hegemony of tech giants.
Ben Goertzel, Humayun Sheikh, and Trent McConaghy, long-standing advocates and pioneers in the field of AI, have founded the ASI Alliance with the mission to expedite the market application and revenue generation of their technologies. Through this alliance, they aim to make sophisticated AI systems and expansive data sets more readily available to the public. Ultimately, their objective is to propel the progression of Artificial General Intelligence (AGI) as a crucial stepping stone towards realizing superintelligence.
Sheikh, who is the CEO and Founder of Fetch.ai and ASI Chairman, said,
As a crypto investor in the Alliance, I’m thrilled about our recent progress in terms of economies of scale. This newfound leverage puts us in a strong position to challenge the dominance of Big Tech in shaping the future of AI. It’s a long journey ahead, but taking this first step gives us a solid foundation and sets an example for like-minded individuals to join our mission and make a meaningful difference.
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2024-05-29 16:07