The smart contract token holders for SingularityNet (AGIX), Fetch.ai (FET), and Ocean (OCEAN) have passed a $7.50 billion merger, signing off the Artificial Superintelligence Alliance (ASI).Â
The ASI token, with a total supply of 2.6 billion, will replace FET, while AGIX and OCEAN tokens will convert to ASI at ratios of 0.43:1. The launch is scheduled for May 24 to create a decentralized AI infrastructure capable of handling big data.
The ASI’s applications are in the industrial space with AI agents serving in commercial environments, language learning models (LLMs), and AI data sharing. It is planned to use the product launch for commercial operations, and investment in GPU infrastructure to promote AI development.
Fetch being popular for its services in the area of computing is implemented by LLMs & AI agents with SingularityNET exploring AI in applications. Oceans act as a platform for tokenized data assets. participants can swap or sell their assets by using the cryptocurrency standard.
The merger is an obvious move in the tech space that syncs with trends like self-publishing book platforms powered by AI and blockchain.
Also Read: Fetch AI Community Greenlight ASI Alliance Proposal
