Fetch.ai, SingularityNET, and Ocean Protocol Merge into ASI


San Francisco, CA, June 10, 2024 – In a landmark move for the future of artificial intelligence, three leading blockchain projects – Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) – have officially completed their merger to form the Artificial Superintelligence Alliance (ASI). 1

This ambitious project, announced in May 2024, unites these three powerhouses under a single banner, creating the largest decentralized open-source network in the AI field. With over 200,000 token holders combined, ASI aims to revolutionize the way AI is developed and utilized.2

The official transition began on June 11th, with the renaming of the FET token to ASI. The conversion of AGIX and OCEAN tokens will be finalized on June 13th. Token holders can seamlessly swap their tokens through secure migration contracts on SingularityNET’s decentralized AI platform.

In the collaboration, the merger between ASI brings forth a multitude of significant advantages.

Enhanced scalability and efficiency are at the forefront, as the consolidation of resources and expertise empowers ASI to expedite the development and implementation of AI solutions.

Moreover, this collaboration fosters democratized AI development, heralding a new era of inclusivity by providing opportunities for broader participation in the AI development process.

ASI champions increased transparency and security through the utilization of blockchain technology, ensuring that data exchange within the network is not only secure but also transparent—a pivotal aspect in today’s digital landscape.

The birth of ASI marks a pivotal moment in the evolution of AI. With its focus on decentralization, collaboration, and accessibility, ASI has the potential to unlock the true potential of artificial intelligence and reshape the future of this transformative technology.

Sources
  1. blog.oceanprotocol.com: https://blog.oceanprotocol.com/fetch-ai-ocean-protocol-and-singularitynet-finalize-token-merger-details-to-create-artificial-3cdf8e9fda07[↩]
  2. X.com: https://x.com/ASI_Alliance/status/1799865523632562378[↩]
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