Three Top AI Blockchain Projects Propose Merging of Their Tokens | soft2share.com

Three Top AI Blockchain Projects Propose Merging of Their Tokens | soft2share.com

Three leading blockchain-based artificial intelligence (AI) projects, Fetch.ai (FET), SingularityNET (AGIX) and Ocean Protocol (OCEAN), have proposed merging their various tokens into one, called Artificial Super. Intelligence (ASI). ).

The merger, known as the “Artificial Super Intelligence Alliance,” will merge the tokens of these projects to become Artificial Super Intelligence (ASI). Through this agreement, the three AI companies aim to become the largest open-source, independent player in AI research and development, they said in a statement.

They plan to take advantage of the rise of AI and the development of three AI projects to create a decentralized structure that will accelerate investment in AI.

“We can deliver on the promise of a vertically integrated stack of decentralized technologies while achieving the scale to compete globally. The combination of our technologies creates a leader in R&D, applications and commercialization of AGI.” said Bruce Poon, CEO and co-founder of Ocean Protocol.

“The unified ASI token is the glue to orchestrate all actors with shared privileges. ASI tokens are used to secure public networks, as data access tokens and for traditional banking and payment rails. To open an account without the need. It is the local currency for the mechanized economy. he added.

The rise of AI technology

There has been a sudden surge in the use of AI technology in many sectors, not least crypto. Thus came Fetc, ai, Singularity, and Ocean Protocol. Another key area in crypto where AI is applied is automated crypto trading using AI crypto trading bots. Profit Rex.

The three projects will submit integration proposals to the respective governance communities today for a 14-day consultation period starting today. Upon approval, FET will become ASI with a total supply of 2.63 billion tokens and an initial price of $2.82. AGIX and OCEAN will move to ASI at conversion rates of 0.43335 to 1 and 0.433226 to 1 respectively.

Commenting on the merger, Fetch.ai CEO Humayun Shaikh said “In a world of exploding AI innovation, Big Tech giants dominate the headlines and the conversation. We are forging a different path. Our mission is to combine our platforms to ensure ethical and transparent artificial intelligence. So that AI can be decentralized.

Organizational leadership

The three companies, if successfully merged, will have SingularityNET founder Dr. Ben Goertzel as CEO, Fetch.ai founder Humayun Shaikh as chairman, and Bruce Poon and Trent McConaughey representing Ocean Protocol.

While the three companies will continue to operate as separate entities on their own after the merger, they will “continue to collaborate closely in the operation of the shared ASI Toconomic Ecosystem and Superintelligence Collective,” the teams said.

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