AI Token Merger Triumph: ASI Token Pioneers Decentralized Development
Following a triumphant community vote, the Artificial Superintelligence Alliance revealed the approval of the ASI token, merging three prominent AI-related crypto tokens: Fetch.AI’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN.
Anticipated to reach a combined value of $7.5 billion upon completion in May, the new ASI token aims to foster collaboration while maintaining each project’s autonomy, as outlined by Fetch.AI CEO and Alliance Chairman, Humayun Sheikh. Stakeholder voting will resolve disputes within the community, ensuring decentralized decision-making. The merger, initially announced in March, signifies a concerted effort to democratize access to artificial general intelligence (AGI) and challenge centralized control over AI, according to SingularityNET founder Dr. Ben Goertzel.
Despite recent market downturns, with FET, AGIX, and OCEAN experiencing declines, the Alliance moves forward with the merger, renaming FET to ASI and orchestrating token conversions for AGIX and OCEAN holders. As the transition progresses, the Alliance advises caution, signaling the retirement of AGIX and OCEAN tickers on exchanges post-conversion. The Alliance, with secured community approval, stands ready to advance towards its shared vision of developing and deploying decentralized AI.
Clever Robot News Desk 17th April 2024
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