Zug and Singapore -- July 1, 2024 --The Artificial Superintelligence Alliance, comprising SingularityNET, Fetch.ai, and Ocean Protocol, has today announced the launch of the multi-coin merger, forming the unified token. This merger of AGIX, OCEAN, and FET tokens marks a significant step towards creating a fully decentralized AI ecosystem. By aligning incentives, the Artificial Superintelligence Alliance drives the vision of a decentralized, efficient, and transparent AI landscape, polling resources and expertise from its members to accelerate advancements in the ethical and transparent development of AI solutions.
Today, SingularityNET's $AGIX and Ocean Protocol's $OCEAN tokens merge into $FET. FET trading remains uninterrupted as the project rebrands to Artificial Superintelligence Alliance across platforms including CoinMarketCap and CoinGecko. The migration platform is now open on the SingularityDAO dapp, and $AGIX and $OCEAN are starting to delist from exchanges. This phase aims to onboard exchanges and data aggregators for a smooth transition.
Phase II will focus on community onboarding and $ASI deployment, prioritizing self-custody holders and deploying ASI tokens across multiple chains. The transition includes new migration contracts for $AGIX and $OCEAN tokens not yet converted to $FET and for EVM-based FET. All FET Mainnet Tokens will automatically convert to ASI during Fetch.ai's mainnet upgrade. The migration contracts will be open for years, allowing ample time for all conversions. Detailed guides and tutorials are being provided to support a smooth transition. The timing of this phase is still underway, ensuring all necessary preparations are completed.
"Today's token merger underscores our commitment to advancing safe artificial intelligence," said Humayun Sheikh, chairman of the Artificial Superintelligence Alliance and CEO of Fetch.ai. "By merging our tokens, we aim to enhance operational efficiency and seamlessly integrate decentralized AI systems, ensuring broad access to cutting-edge AI technologies. This merger marks the beginning of an ambitious journey to foster unparalleled collaboration and openness, setting new standards for the industry."
"We're excited to have reached this milestone along the path to realizing our vision of an Artificial Superintelligence Alliance capable of winning the AGI and ASI race for the decentralized ecosystem," stated Ben Goertzel, CEO of the Artificial Superintelligence Alliance and SingularityNet. "This tokenomic merger paves the way for a series of R&D and product collaborations combining Alliance technologies toward beneficial superintelligence."
"We're grateful to the community, exchanges and other partners for accommodating this token merge. We're really looking forward to focusing on our users and products that increase adoption." said Bruce Pon, Council Board Director of Artificial Superintelligence Alliance and founder of Ocean Protocol.
This milestone reflects the alliance's commitment to accelerating AI research and development by combining Fetch.ai's autonomous agent technology, Ocean Protocol's data exchange frameworks, and SingularityNET's decentralized AI services. The three technology partners will develop products leveraging each project's diverse solutions to ensure ethical AI development. This open collaboration invites others to join the alliance, fostering an inclusive environment that promotes cutting-edge advancements while emphasizing responsible and transparent AI practices.
LINK TO ASI MIGRATION GUIDELINES
The Artificial Super Intelligence (ASI) Alliance is a collective formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol. As the largest open-sourced, independent entity in AI research and development, this alliance aims to accelerate the advancement of decentralized Artificial General Intelligence (AGI) and, ultimately, Artificial Superintelligence (ASI). For additional information on ASI, visit: superintelligence.io
SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). According to Dr. Goertzel, AGI should be independent of any central entity, open to anyone and not restricted to the narrow goals of a single corporation or a single country. The SNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. The core platform and the SNET AI teams are complemented by specialized teams devoted to various application areas such as robotics, biomedical AI, finance, media, arts and entertainment. For additional information visit: singularitynet.io
Fetch.ai, a Cambridge-based AI company, is redefining the possibilities of an intelligent and connected world through its AI agent-based technology. Fetch.ai's infrastructure technology enables developers and businesses to build, deploy & monetize through an agent-based modular platform for the new generation of AI applications. The company's core product, DeltaV, fuses Language Models (LLMs) and AI Agents to create an open and dynamic marketplace that connects users to services and reimagines the current search experience. For additional information visit: fetch.ai
Ocean was founded to level the playing field for AI and data. Ocean tools enable businesses and individuals to trade tokenized data assets seamlessly to manage data all along the AI model life cycle. Ocean-powered apps include enterprise-grade data exchanges, data science competitions and data DAOs. The Ocean Predictoor product has over $800M in monthly volume six months after launch with a roadmap to scale foundation models globally. For additional information visit: oceanprotocol.com
