ASI Token Merger Approved!

The Artificial Superintelligence Alliance (ASI) has announced the approval of the ASI token merger, expected to start in the coming weeks. Following the voting by constituent Alliance communities (Fetch.ai and SingularityNET), this merger is poised to position the ASI token into the ranks of the top 20 largest cryptocurrencies by market capitalization. With an anticipated total value of $7.5 billion, the merger will combine $FET, $AGIX, and $OCEAN into $ASI.

The merger of Fetch.ai, SingularityNET, and Ocean Protocol marks a pivotal moment in the AI landscape, uniting three influential decentralized leaders. Together, they form the Artificial Superintelligence Alliance, a significant player in AI research and development. This alliance not only signifies a milestone in response to the rapid growth of AI projects but also aims to challenge the dominance of Big Tech in AI development, utilization, and monetization.

Humayun Sheikh, chairman of the Artificial Superintelligence Alliance and CEO of Fetch.ai commented:

We're thrilled to announce the successful conclusion of the token merger voting process. This marks the beginning of a new chapter in AI development, where our collective efforts will drive progress towards decentralized AGI and ASI. Our mission is to create a decentralized AI infrastructure at scale, ensuring ethical and trustworthy practices. By combining our platforms, we empower developers and users alike, fostering a more democratic and transparent AI ecosystem.

The merger is expected to accelerate investment into AGI, facilitating the commercialization of cutting-edge AI technologies and enabling wide-scale access to AI platforms and large databases.

Dr. Ben Goertzel, Founder and CEO of SingularityNET, emphasized the importance of democratizing AI development, stating,

Our joint vision has always been to roll out beneficial Artificial General Intelligence, and then Superintelligence in an open, democratic, and decentralized manner. The ASI token merger brings us closer to that goal and strengthens our ability to challenge Big Tech's bid for control over AI.

Bruce Pon, Founder and CEO of Ocean Protocol said:

We're glad that the Fetch and SingularityNET communities have cleared this hurdle and approved the token merger. We're excited to get started.

Since receiving majority approval from each community, the token merger will proceed as follows:

• $FET becomes $ASI with a total supply of 2.63055 billion tokens 

• $AGIX tokens migrate to $ASI, at a conversion rate of 0.433350 to 1

• $OCEAN tokens migrate to $ASI, at a conversion rate of 0.433226 to 1