Artificial intelligence (AI) is reshaping the fabric of society and the technology sector. Among the participants in this transformation, SingularityNet emerges as an innovative leader by announcing a monumental merger with Ocean Protocol and Fetch.AI. This strategic move aims to create the Artificial Superintelligence Alliance (ASI), promising a revolution in the way we access and interact with AI.
The merger, valued at a staggering $7,5 billion, not only furthers the race toward Artificial General Intelligence (AGI) but also promises the creation of the world's largest decentralized AI network. This is a giant step towards the democratization of AI, offering an alternative to solutions controlled by technology giants.
We are excited to announce a multi-billion token merger with @fetch_ai and @ocean protocol to create the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network, and accelerate the race to AGI. Learn more: https://t.co/zT8Q1HbkEv pic.twitter.com/2U3VbeFfW5
— SingularityNET (@SingularityNET) March 27, 2024
The heart of this alliance beats through the convergence of the FET, OCEAN and AGIX tokens into a single $ASI token. This new token will act as the backbone of the combined decentralized network, providing previously unseen scale and power.
This view is shared by the leaders of the partner projects, including Ocean Protocol's Bruce Pon, who sees the merger as a promise to compete globally with a decentralized, vertically integrated AI infrastructure.
This merger not only challenges the monopolistic control of big technology companies but also paves the way for an innovative mechanical economy where the ASI token serves as the native currency. With the proposal awaiting approval from the respective communities, the future of decentralized AI looks brighter than ever.
