In a groundbreaking move for the Artificial Intelligence (AI) industry, three prominent AI protocols – Fetch.ai, Ocean Protocol, and SingularityNET – have joined forces to create the Artificial Superintelligence Alliance (ASA). This merger involves merging their utility tokens to establish the largest open-source, independent entity in AI research and development.
The formation of ASA aims to democratize AI development and challenge the dominance of Big Tech by fostering a more decentralized approach. With a combined token value of $7.5 billion, the alliance seeks to accelerate progress toward Artificial General Intelligence (AGI) while ensuring accessibility and ethical considerations in AI innovation.
Under the unified token economy, the tokens of the three organizations will merge to create the Artificial Superintelligence ($ASI) token. Token holders from Fetch.ai, SingularityNET, and Ocean Protocol will receive $ASI tokens based on specified conversion ratios. A token migration mechanism will facilitate the exchange process, and ASA will collaborate with centralized exchanges for automatic token conversion.
The establishment of ASA represents a significant step toward a more inclusive and collaborative AI ecosystem, aimed at empowering diverse stakeholders and promoting ethical AI development. As the alliance moves forward, it has the potential to reshape the landscape of AI research and innovation, paving the way for a more decentralized and democratized future in artificial intelligence.
