Home Crypto SingularityNET AGIX and Ocean Protocol OCEAN Tokens Merge into FET, Marking First...

SingularityNET AGIX and Ocean Protocol OCEAN Tokens Merge into FET, Marking First Step in Artificial Superintelligence Alliance Formation

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The ASI Alliance, a collaboration between Fetch.ai, SingularityNET, and Ocean Protocol, goals to speed up analysis and growth in decentralized Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI).

Phase one of many token merger started right this moment, July 1st, 2024. AGIX and OCEAN tokens are being converted into FET, with buying and selling of FET remaining uninterrupted. The migration platform is now operational and accessible by the SingularityDAO dapp. Existing AGIX and OCEAN tokens are beginning to be delisted from exchanges.

This preliminary part focuses on onboarding exchanges and knowledge aggregators to make sure a easy transition through the rebranding course of to the Artificial Superintelligence Alliance throughout platforms like CoinMarketCap and CoinGecko.

Phase two will goal neighborhood onboarding and ASI deployment. This consists of self-custody holders and deploying ASI tokens throughout a number of blockchains. New migration contracts will likely be out there for tokens not but transformed and for EVM-based FET. All FET Mainnet Tokens will mechanically convert to ASI throughout a future Fetch.ai mainnet improve. The migration contracts are designed to be out there for a number of years to permit ample time for conversions.

“Today’s token merger underscores our dedication to advancing protected synthetic intelligence,” stated Humayun Sheikh, chairman of the ASI Alliance and CEO of Fetch.ai.

The alliance emphasizes operational effectivity, seamless integration of decentralized AI techniques, and fostering collaboration throughout the trade.

“We’re excited to have reached this milestone,” said Ben Goertzel, CEO of SingularityNet and the ASI Alliance. “This tokenomic merger paves the best way for a sequence of collaborations combining Alliance applied sciences towards useful superintelligence.”

The ASI Alliance goals to leverage the strengths of every member: Fetch.ai’s autonomous agent expertise, Ocean Protocol’s knowledge alternate frameworks, and SingularityNET’s decentralized AI companies. They will give attention to creating merchandise that promote accountable and moral AI practices. The alliance welcomes additional collaboration to foster developments within the area.



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