In a groundbreaking move that could reshape the landscape of artificial intelligence (AI), Fetch.ai, SingularityNET, and Ocean Protocol have announced their decision to merge their crypto tokens to form a new alliance in decentralized AI. This bold step aims to forge an AI collective that stands as a formidable counterbalance to the Big Tech-dominated realm of AI technologies.
Forming an AI Superpower
The collaboration among these three tech innovators marks a significant pivot towards creating a decentralized alternative that offers openness and transparency, starkly contrasting with the proprietary nature of projects controlled by tech giants. The unified token, named ASI for “artificial superintelligence,” symbolizes the alliance’s ambition to lead in the AI revolution with a starting price of $2.82 and a total supply of approximately 2.63 billion tokens.
A New Era of Decentralized AI
This merger is more than a token consolidation; it’s a strategic alignment to establish an open, decentralized AI infrastructure capable of operating at scale. By combining their strengths, Fetch.ai, SingularityNET, and Ocean Protocol are setting the stage for an AI ecosystem that emphasizes user empowerment and data democratization. The ASI token embodies this vision, merging the native tokens of SingularityNET (AGIX) and Ocean Protocol (OCEAN) at conversion rates of about 0.433 to 1, resulting in a fully diluted market cap of around $7.5 billion.
Challenging the Status Quo
The alliance is a timely response to the burgeoning interest in AI, further catalyzed by innovations like ChatGPT, and the growing concern over the potential monopolization of the AI industry by leading corporations such as Microsoft, Alphabet, Amazon, Apple, and Meta. By proposing an alternative that leverages blockchain and Web3 technologies, the trio aims to champion a more equitable platform where data transparency and contribution sharing are the norms, not the exception.
This collaboration is a clarion call to the tech world, highlighting a unified effort to ensure that the future of AI remains in the hands of many, rather than a select few. As the Fetch.ai, SingularityNET, and Ocean Protocol alliance moves forward, it paves the way for a new chapter in AI development—one that promises greater innovation, inclusivity, and integrity in the digital age.
