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🔊🔊🔊After the proposal was approved, the combination of Fetch.ai, Ocean, and SingularityNET is moving closer
With the initial request to rebrand FET to ASI accepted, the Fetch.ai community may go forward with the change.
For the merger to be completely accepted, the community will need to vote on two additional propositions.
As the cryptocurrency market as a whole starts to rebound, Fetch.ai follows suit.
While the Fetch.ai community accepted the initial proposal to change the name to Artificial Super Intelligence (ASI) on Tuesday, the voting process for uniting Fetch.ai, Ocean Protocol, and SingularityNET continues to garner visitors.
The FET group acknowledges the ASI
In a post on Sunday, Fetch.ai announced on its X account that the first proposal that would establish ASI was supported by its community with a 99.8 percent "Yes."
To facilitate the union of Ocean protocol and SingularityNET, the first proposal calls for rebranding the Fetch.ai network and its underlying FET token as ASI and ASI, respectively. It also proposes a hard fork of the FET token contracts on the Ethereum network and BNB Smart chain, as well as an adjustment to the total supply of the token.
Another Monday X post from Fetch.ai encouraged users to cast their FET tokens in the voting for the second and third proposals. One of the suggestions is to raise the supply of ASI tokens at various price ratios in order to "accommodate" the merger between AGIX and OCEAN. The combined ASI token, with a valuation of $7.5 billion, would make its debut after the merger.
Joining the overall crypto market in its gains since the article, $FET , $AGIX , and $OCEAN have also seen increases. The price of AGIX has climbed 5.19 percent in the last 24 hours, while the prices of FET and OCEAN have climbed 4.4 and 3.8 percent, respectively, according to statistics from CoinGecko.
If the recently established ASI is effective, it can cause AI tokens to surge in the next months.
