article, Ocean Protocol and SingularityNET Finalize June 13 Merger to Create Artificial Superintelligence Alliance

The merger will be fully completed on June 13, 2024.
2024-05-292 min

We are pleased to announce that, Ocean Protocol, and SingularityNET have finalized the Artificial Superintelligence Alliance (ASI) merger to be completed on June 13, 2024. This historic union symbolizes a new era for AI and firmly establishes a decentralized alternative to the AI projects dominated by Big Tech.

Introducing the $ASI Token

Starting June 11, 2024, $FET will be renamed $ASI and on June 13, the merger will be completed. This token will function across the combined decentralized AI network - making the three projects work as a single, robust ecosystem. ERC20 tokens will be made available for users to swap $FET to $ASI tokens via a token migration contract starting on June 11, followed by $AGIX and $OCEAN on June 13. An audited, secure token migration contract will ensure a smooth transition for over 200,000 token holders.

A Vision for the Future

The closing of this merger signifies the realization of a decentralized AI infrastructure at an unprecedented scale. By merging the research, brands, technologies, and products of, SingularityNET and Ocean Protocol, we are laying the groundwork for an open, scalable AI ecosystem.

Humayun Sheikh, CEO and Founder of and ASI Chairman emphasized, 'This Alliance forges a different path in a world of exploding AI innovation. With our newfound economies of scale, we can make significant inroads in changing the narrative and direction controlled by Big Tech. This first step provides a foundation for others with a similar mission to make a difference. We deeply appreciate the enthusiastic response from numerous communities and look forward to welcoming additional strategic collaborators into the Alliance.'

Challenging Big Tech's Dominance

Driven by the meteoric rise of AI and the exceptional growth of our leading AI projects, this landmark partnership presents a formidable challenge to Big Tech's dominance in AI development. The ASI Alliance, spearheaded by visionaries Humayun Sheikh, Ben Goertzel, and Trent McConaghy, aims to expedite the commercialization and monetization of our technologies, enabling widespread access to cutting-edge AI platforms and extensive datasets. We aim to propel AGI development to new heights as a stepping stone towards superintelligence.

Bruce Pon, Ocean Protocol Founder and ASI Council Board Director, declares, 'The ASI Alliance is going to be a game-changer for web3 adoption for AI and data. We've worked through a lot of details to make the process go smoothly and we look forward to formally launching ASI.'

With a unique focus on creating decentralized superintelligence, the Artificial Superintelligence Alliance is now the world's largest independent AI foundation. Dr. Ben Goertzel, CEO of the ASI Alliance, puts it best: 'This merger paves the way for a new era in AI, combining our strengths to achieve unprecedented advancements. This is only the start of a broader movement to gather together forces working toward beneficial decentralized AGI and super-intelligence. The $ASI token serves as a symbol and a practical tool for our shared quest to leverage advanced AI, blockchain, and decentralized governance to move quickly and effectively toward an amazing future for all.'

Key Details

  • $FET is renamed $ASI, with a total supply of 2.63055 billion tokens
  • $FET will migrate to $ASI, at a conversion rate of 1 $FET to 1 $ASI
  • $AGIX tokens migrate to $ASI, at a conversion rate of 1 $AGIX to 0.433350 $ASI
  • $OCEAN tokens migrate to $ASI, at a conversion rate of 1 $OCEAN to 0.433226 $ASI

About the ASI Alliance

Formed by combining, SingularityNET, and Ocean Protocol, the ASI Alliance is dedicated to creating decentralized superintelligence that benefits humanity. The merger will be fully completed on June 13, 2024. Join us in this revolutionary journey as we unite to create a future where AI is decentralized, ethical, and accessible to all.

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