$ASI token merger approved!
The Artificial Superintelligence Association announced the approval of a new project name: Artificial Superintelligence with a new token tag: ASI Token Fusion, which is expected to launch in the coming weeks. Following a vote by the Alliance's communities (Fetch.ai and SingularityNET), this merger aims to place the ASI token among the top 20 cryptocurrencies by market capitalization. The merger, with an expected total value of $7.5 billion, will combine $FET, $AGIX and $OCEAN into $ASI.
The merger of Fetch.ai, SingularityNET and Ocean Protocol marks a pivotal moment in the artificial intelligence landscape, uniting three influential decentralized leaders. Together they create a new name for the project: Artificial Superintelligence Alliance, a significant player in artificial intelligence research and development. This alliance not only represents a milestone in response to the rapid development of AI projects, but also aims to challenge Big Tech's dominance in the development, use and monetization of artificial intelligence.
The merger is expected to accelerate investment in AGI, facilitating the commercialization of cutting-edge AI technologies and enabling broad access to AI platforms and large databases.
Dr. Ben Goertzel, founder and CEO of SingularityNET, emphasized the importance of democratizing AI development, stating:
After obtaining majority consent from each community, the symbolic merger will proceed as follows:
$FET will be transferred 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 an exchange rate of 1 OCEANna 0.433226 $ASI#ASI#AGIX#FET#OCEAN