Blockchain

SingularityNET, Fetch.ai, Ocean Protocol Decentralized AI Token

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  • Three decentralized platforms – SingularityNET, Fetch.ai, And Ocean Protocol – are set to merge in a new crypto AI alliance to create a powerhouse for decentralized AI token.

The crypto AI industry keeps developing, with new projects springing up during this bull run. 

Recent developments show that SingularityNET, Fetch.ai, and Ocean Protocol are reportedly in the final stages of discussing a merger. 

It is reported that three crypto AI platforms could announce a merge of their tokens into an ASI (Artificial Superintelligence) token that could have a fully diluted value of about $7.5 billion. 

The main aim of the merger is to create an AI collective that provides an alternative decentralized alternative. 

Ifølge Ocean Protocol vil fusionen skabe et $ASI-token, der vil accelerere kapløbet til Artificial General Intelligence (AGI) og konkurrere mod Big Tech om AI-udvikling, -brug og -indtægtsgenerering. 

The new crypto AI project is set to lead the transformative phase in AI by merging forces to create a superintelligence platform. 

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See Also: 3 Cryptos Under $1 For High Returns In 2024: Dogecoin (DOGE), Algotech (ALGT), And Dogwifhat (WIF)

SingularityDAO went on Twitter to announce the developments and warn crypto enthusiasts to be careful of potential scams mimicking $ASI. 

En ny æra for Crypto-AI

De tre platforme, Fetch.ai, Ocean Protocol og SingularityNET er dybt involveret i crypto AI-projektet, og mange begynder at se deres langsigtede vision om at konkurrere med Big Tech inden for AI-området. 

“We stand now as not just the DeFi hub within the SingularityNET ecosystem, but now the wider AGI domain. SingularityDAO is excited to continue bridging the gap between AI and finance, furthering growth and innovation” SingularityDAO on Twitter. 

Målet er at forbedre decentraliseret finansiering gennem AI. Der er meget endnu at blive annonceret vedrørende partnerskaberne, herunder 2024-køreplanen, som vil kaste mere lys over virksomhedens vision og mission. 

Indvirkning af Crypto AI-fusion på token-indehavere

Ifølge to Ocean Protocol’s detailed explanation on the X platform, those currently in possession of $FET and $AGIX will need to vote on the token merger proposal. 

However, the $OCEAN community will not be required to vote as Ocean relinquished all control over the $OCEAN token after the max supply mint. 

$FET will then be rebranded to $ASI with a 2.63 billion total token supply. The $OCEAN holders will migrate to $ASI at a convection rate of 0.433226:1. 

The conversion rate for $AGIX to $ASI migration will be 0.433350:1.

The leadership team remains interestingly the same, with big names from each platform receiving a leadership role at $ASI. 

Reportedly, Humayun Sheikh from Fetch.ai will be the chairman, and Ben Goertzel from SingularityNET will assume the CEO position. 

Trent McConaghy and Bruce Pon will represent Ocean Protocol, while Janet Adams will represent Singularity NET. 

Fetch.ai, through Humayun Sheikh, said, 

“Our mission with this token merger is to combine our platforms to ensure ethical and transparent AI…This enhances data privacy and paves the way for a more democratic and trustworthy AI ecosystem.” 

The merger is poised to create a powerhouse in crypto AI, which will become a learning tool in AGI’s research and development, application, and commercialization.

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Source: https://bitcoinworld.co.in/singularitynet-fetch-ai-and-ocean-protocol-to-merge-to-launch-a-decentralized-ai-token/