Artificial Superintelligence Alliance launches token; migration tools go live

The Artificial Superintelligence Alliance, which includes SingularityNET, Fetch.ai, and Ocean Protocol, has announced the launch of a single token by uniting AGIX, OCEAN, and FET tokens for the first time in the field of AI. This merger is anticipated to establish a completely decentralized AI platform and aims to improve the overall organizational efficacy in the use of AI while adhering to the most ethical and transparent AI advancement standards.

As a result of this integration, AGIX from SingularityNET and OCEAN from Ocean Protocol will merge with FET from Fetch.ai. This transfer enables FET trading to proceed seamlessly as the project undergoes rebranding under the Artificial Superintelligence Alliance on various trading platforms, such as CoinMarketCap and CoinGecko. To mark this new age, the migration process has begun on the SingularityDAO decentralized application, with AGIX and OCEAN banned from exchanges.

The alliance is implementing the strategic plan judiciously in specific phases. At the moment, they are mostly concerned with the community and the distribution of ASI tokens among several chains. This entails the provision of new contracts for tokens such as AGIX and OCEAN, which have not yet undergone migration to FET, and those that utilize EVM technology. Every FET Mainnet Token will be immediately converted to ASI when Fetch.ai’s mainnet is upgraded. 

To ensure that all protocols for this merger are in harmony, the Artificial Superintelligence Alliance has postponed the ASI token merger date from June 13, 2024, to July 15, 2024. The alliance has committed to keeping the migration contracts open for years to ensure a comprehensive and smooth transition for all stakeholders, with detailed guides and tutorials to aid users.

According to Humayun Sheikh, the founder of the Artificial Superintelligence Alliance and the CEO of Fetchai, the token merger is crucial. This move shows their commitment to the development of useful artificial intelligence. The token merger will enhance the efficacy and simplify the integration of decentralized AI systems, thereby advancing artificial intelligence technology for all. This union is the appropriate action to foster cooperation and increased transparency, thereby establishing new industry standards.

Dr. Ben Goertzel, the current CEO of ASA and SingularityNet, has confirmed the recent merger and outlined the next steps. He expressed his optimism that this merger will pave the way for the establishment of the Artificial Superintelligence Alliance, which will spearhead the advancement of AGI and ASI within a decentralized system. The integration of tokenomics from both organizations opens the door to additional collaboration in the form of research initiatives and innovations that are dedicated to the development of a beneficial form of superintelligence that is dependent on the technologies of those two organizations. 

Bruce Pon, Council Board Director of the Artificial Superintelligence Alliance and inventor of Ocean Protocol, thanked the community and partners for their support during the merger and indicated a desire to focus on user-friendly solutions to increase adoption.

The consolidation of technological expertise and resources is not the only benefit of this merger of Fetch.ai, Ocean Protocol, and SingularityNET; it also accelerates the development of innovative AI products that comply with ethical standards. The objective is to advance AI while simultaneously inviting a broader community to participate in this grand vision by incorporating the self-governing agent technology of Fetch.ai, the data sharing of Ocean Protocol, and the decentralized AI services of SingularityNET.

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The Artificial Superintelligence Alliance, the primary non-profit organization dedicated to AI research and development, will be instrumental in defining the future of AI and facilitating the development of decentralized AGI. Ultimately, their endeavors will contribute to the establishment of ASI.

Harsh Chauhan

Harsh Chauhan is an experienced crypto journalist and editor at CryptoNewsZ. He was formerly an editor at various industries and has written extensively about Crypto, Blockchain, Web3, NFT and AI. Harsh holds a Bachelor of Business Administration degree with a focus on Marketing and a certification from the Blockchain Foundation Program. Through his writings, he hold the pulse of rapidly evolving crypto landscape, delivering timely updates and thought-provoking analysis. His commitment to providing value to readers is evident in every piece of content produced.

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