$ASI Token Merger Approved!
The Artificial Superintelligence Alliance has announced the approval of the new project name: Artificial Superintelligence with new token ticker: $ASI token merger, expected to start in the coming weeks. Following the voting by constituent Alliance communities (Fetch.ai and SingularityNET), this merger is poised to position the ASI token into the ranks of the top 20 largest cryptocurrencies by market capitalization. With an anticipated total value of $7.5 billion, the merger will combine $FET, $AGIX, and $OCEAN into $ASI.
The merger of Fetch.ai, SingularityNET, and Ocean Protocol marks a pivotal moment in the AI landscape, uniting three influential decentralized leaders. Together, they form the new project name: Artificial Superintelligence Alliance, a significant player in AI research and development. This alliance not only signifies a milestone in response to the rapid growth of AI projects but also aims to challenge the dominance of Big Tech in AI development, utilization, and monetization.
The merger is expected to accelerate investment into AGI, facilitating the commercialization of cutting-edge AI technologies and enabling wide-scale access to AI platforms and large databases.
Dr. Ben Goertzel, Founder and CEO of SingularityNET, emphasized the importance of democratizing AI development, stating,
Since receiving majority approval from each community, the token merger will proceed as follows:
$FET will migrate to $ASI, at a conversion rate of 1 $FET to 1 $ASI
$AGIX tokens migrate to $ASI, at a conversion rate of 1 $AGIX to 0.433350 $ASI
$OCEAN tokens migrate to $ASI, at a conversion rate of 1 $OCEAN to 0.433226 $ASI
