The Fetch.ai, SingularityNET and Ocean Protocol teams have moved the launch date of the common token to July 15

GetBlock Magazine - What happened? The Fetch.ai, SingularityNET and Ocean Protocol teams postponed the merger date of the native tokens of the FET, AGIX and OCEAN projects into a single ASI token as part of the Artificial Superintelligence Alliance initiative by almost a month. Initially, the event was supposed to take place on June 13, the new date was set to July 15. The developers explained this by the need to take into account the technical requirements of exchanges, validators and other ecosystem participants.

Developer Statement

What else is known? The developers expressed regret at the delay in the merger, but noted that it would ensure high standards, accuracy and efficiency.

Currently, FET, AGIX and OCEAN tokens continue to be traded independently on exchanges; once third-party integrations are completed, the combined ASI token will be launched. Token contracts and transfer contracts, as well as security audits, will be presented later this week.

The token of the decentralized AI trading platform Fetch.ai (FET) ranks 28th in the overall cryptocurrency rating and third in the ranking of AI tokens by market capitalization with over $3.9 billion.

The AI ​​services platform token SingularityNET (AGIX) ranks 105th in the overall ranking and eighth in the list of AI tokens with a capitalization of $852 million.

The token of the service for collecting and tokenizing user data Ocean Protocol (OCEAN) is in 168th place in the overall ranking and in 11th place in the ranking of AI tokens with a capitalization of $441 million.

Thus, as a result of the merger, ASI's capitalization at current market prices could reach $5.2 billion. By this indicator, it will be able to compete with the largest meme token PEPE or stablecoin DAI from the Maker protocol. ASI will also be able to displace the Internet Computer Project (ICP) from second place in the ranking of AI tokens.

Representatives of the project noted that “this historical union symbolizes a new era in the development of AI, creating a decentralized alternative in an area dominated by big tech.”

SingularityNET CEO Ben Goertzel has been appointed head of the alliance, and Fetch.ai CEO Humayun Sheikh will serve as chairman of the board.