Artificial Superintelligence Alliance Price(FET)

Fetch.ai ($FET) has rebranded as the Artificial Superintelligence Alliance. This transition merges the FET, AGIX, and OCEAN tokens into a single token called $ASI (Artificial Superintelligence). Fetch.ai aims to establish a decentralized network for autonomous agents, facilitating interaction, cooperation, and knowledge sharing through artificial intelligence (AI) and machine learning (ML). The FET token remains crucial for network operations within the Fetch.ai ecosystem.

The rebranding of Fetch.ai to the Artificial Superintelligence Alliance unifies the existing FET, AGIX, and OCEAN tokens into one $ASI token. This alliance combines machine learning, artificial intelligence, multi-agent systems, and decentralized ledger technology to create a network capable of sharing knowledge across data silos. This has potential applications in finance, insurance, and healthcare. Fetch.ai claims to make autonomous systems accessible to all markets, aiming to automate economic transactions and enhance market efficiency.

Using FET tokens, users can build and deploy agents on the network, similar to staking, which grants the agent the right to operate within the network. Developers can utilize machine learning tools to train autonomous agents and deploy collective intelligence by paying FET tokens. Token holders can also stake FET tokens to validate network services, supporting verification nodes that help validate transactions.

On March 27, 2024, Fetch.ai, SingularityNET (AGIX), and Ocean Protocol (OCEAN) announced their rebranding and merger to form the Artificial Superintelligence Alliance. This initiative aims to create the largest open-source, independent, and decentralized AI research and development entity, countering Big Tech’s dominance in AI and accelerating the development of AGI on the blockchain. The tokens from each organization will merge into a unified token named Artificial Superintelligence (ASI).

The alliance focuses on building a scalable, decentralized AI infrastructure with an emphasis on ethical practices. This token merger unites key figures in AGI research—Humayun Sheikh (Fetch.ai), Dr. Ben Goertzel (SingularityNET), and Dr. Trent McConaghy (Ocean Protocol)—to advance AI technologies on the blockchain. The partnership will also commercialize each company's technology, providing widespread access to advanced AI platforms and large databases.

Phase 1 of this merger began on July 1, 2024, pausing deposits and withdrawals of OCEAN and AGIX tokens to facilitate the migration process. The SingularityDAO dApp now handles the migration of OCEAN and AGIX to FET on the Ethereum blockchain. FET trading continues as normal, reflecting the combined value of AGIX, OCEAN, and FET. Additionally, AGIX and OCEAN tokens will be delisted from exchanges, with OCEAN tokens converting to FET at a 1:0.433226 ratio and AGIX tokens at a 1:0.433350 ratio.

In Phase 2, the FET token ticker will change to ASI, with FET tokens swapped to ASI at a 1:1 ratio. This phase includes deploying the ASI token across multiple blockchains and upgrading the Fetch.ai network to the ASI network. New migration contracts will facilitate the conversion of remaining OCEAN, AGIX, and FET tokens into ASI, supported by EVM and other bridges for ASI transfers.

Post-merger, the Fetch.AI Foundation, Ocean Protocol Foundation, and SingularityNET Foundation will remain independent, managing their respective platforms while adopting the ASI token. The ASI Alliance will prioritize cooperative development.

Binance supports this transition to ensure a smooth process for users. For more details, users can refer to the official announcement from Binance.