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Crypto-focused artificial intelligence initiatives have taken a new and radical decision. The decision has been approved, and they are merging. As of November 2022, three major AI tokens experienced massive price increases while ChatGPT was making waves. Now, they are transforming into a single token and joining forces for a potential new hype wave.
FET, AGIX, and OCEAN
FET, AGIX, and OCEAN will soon launch the ASI Alliance network. These three popular crypto AI initiatives will merge. The Artificial Superintelligence Alliance (ASI) announced that the merger of the ASI token, planned to be launched in May, has been approved. Following a vote by the founding alliance communities (Fetchai and SingularityNET), this merger aims to place the ASI token among the top 20 cryptocurrencies by market value.
“The merger of Fetchai, SingularityNET, and Ocean Protocol brings together three influential decentralized leaders, marking a significant moment in the AI landscape. Together, they are forming the Artificial Superintelligence Alliance, a significant player in the field of AI research and development. This alliance not only represents a milestone in response to the rapid growth of AI projects but also aims to challenge the dominance of Big Tech in AI development, usage, and monetization.”
The token distribution will be as follows:
- FET will convert into ASI Token with a total supply of 2.63055 billion tokens.
- AGIX tokens will convert at a ratio of 0.433350 to 1.
- OCEAN tokens will convert at a ratio of 0.433226 to 1 into ASI Token.
