In a significant development for both the AI and cryptocurrency sectors, SingularityNET (AGIX), Fetch ai (FET) and Ocean Protocol (OCEAN) have jointly announced the establishment of the Artificial Superintelligence Alliance (ASI). The focal point of this collaboration is the creation of a unified AI token, known as the ASI token, consolidating the AGIX, FET and OCEAN tokens.
This initiative, driven by a desire to enhance interoperability and streamline operations, is a response to the growing demand for decentralized AI solutions. With an estimated valuation of $7.5 billion, the ASI token is poised to become a pivotal asset within the AI space.
Mushumir ButtOne noteworthy aspect of the announcement is the decision to operate the ASI token across multiple blockchain platforms, including Cardano, Ethereum, Fetch's Layer-1 and Hypercycle. Dr. Ben Goertzel, the founder of SingularityNET, has confirmed the cross-chain functionality of the ASI token, addressing concerns regarding its compatibility with different blockchain infrastructures.
To oversee the operations of the common ecosystem, a governing council will be formed, consisting of key figures such as SingularityNET CEO, Fetch ai CEO and Ocean Protocol's founders. While the ASI token marks a significant milestone in the convergence of AI and blockchain technology, it is important to note that the organizations behind the merging networks will continue to operate independently.
Gamza KhanzadaevWith the voting process scheduled to take place from April 2 to April 7, the close collaboration within the ASI ecosystem and the establishment of the alliance reflect a shared commitment to advancing decentralized artificial intelligence.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Tomiwabold Olajide
Vladislav Sopov
Dan Burgin