Fetch.ai, SingularityNET, and Ocean Protocol are joining forces to create a decentralized AI platform. This will be achieved by merging their tokens ($FET, $AGIX, $OCEAN) into one unified token ($ASI). The conversion rates are as follows: 1 $FET = 1 $ASI, 1 $AGIX = 0.433350 $ASI, and 1 $OCEAN = 0.433226 $ASI.

The merger will happen in two stages. The first stage starts on July 1, 2024, and will temporarily merge $AGIX and $OCEAN into $FET. The second stage will launch the $ASI token, upgrade Fetch.ai, and finalize the transition to $ASI. The timeline for the second stage is yet to be determined.

Led by AI experts, the alliance aims to democratize AI by creating an open-source platform that challenges Big Tech’s dominance. Despite the challenges ahead, the alliance is committed to revolutionizing AI development with a focus on ethics, community, and responsibility.

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