FET rises amid Kamala Harris' support for cryptocurrency and artificial intelligence - what's next?
ASI's #FET token and other artificial intelligence-related cryptocurrencies are experiencing modest growth.
ASI is considering joining #CUDOS as a new member of the Alliance as part of a merger to expand the utility of FET tokens. #AI tokens, including the Artificial Super Intelligence Alliance [FET], traded higher over the weekend, boosted by comments from U. S. Vice President Kamala Harris on artificial intelligence (AI) and cryptocurrencies.
Speaking to donors at a fundraising event in New York on Sept. 22, the Democratic presidential candidate said her administration would support AI and digital assets if elected to higher office. Harris' remarks, her first public appearance on the issue, demonstrated her commitment to promoting innovation and caused a mild stir in the niche #cryptocurrency market.
FET was trading at $1.68 at the time of publication, up 6.2 percent on the day and 27 percent over the past week, according to data from CoinMarketCap.
Other tokens related to artificial intelligence and big data, including Bittensor [TAO], Render [RENDER] and The Graph [GRAPH], also saw price gains throughout the day.
The market's recent reaction indicates optimism about the future of artificial intelligence technology under favorable regulatory conditions.
In March, Fetch. ai, Ocean Protocol and SingularityNET merged to form the Artificial Superintelligence Alliance, creating a new ASI token (FET).
Earlier this month, the Alliance proposed a merger with CUDOS, which became its fourth member.
As part of the agreement, the CUDOS network will provide critical distributed cloud computing resources to help the Alliance cost-effectively manage large-scale AI workloads.
The voting on the proposal will open on September 19 and close on September 24.
So far, 95.
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