ASI Alliance Unveils Landmark Merger, Launches ASI Token

The Artificial Superintelligence Alliance (ASI), comprising Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN), plans to launch the much-anticipated ASI token in May. The token will merge the native digital assets of the three decentralized artificial intelligence protocols and rank among the top 20 cryptocurrencies with an estimated $7.5 billion market capitalization.

Artificial Superintelligence Alliance Unveils Landmark Merger, Launches ASI Token

London, April 16, 2023: The Artificial Superintelligence Alliance (ASI), a groundbreaking consortium comprising Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN), today announced the eagerly anticipated launch of its ASI token in May. This transformative alliance merges the native digital assets of these three decentralized artificial intelligence (AI) protocols, creating a formidable force within the cryptocurrency landscape. The ASI token is poised to rank among the top 20 cryptocurrencies, boasting an estimated market capitalization of $7.5 billion upon its launch.

Unifying AI Innovations

The merger agreement stipulates that FET will be rebranded as ASI, with a token supply of 2.63 billion. The native tokens of SingularityNET and Ocean Protocol will also be migrated to ASI, with conversion rates of 0.433350:1 and 0.433226:1, respectively. This strategic move marks the culmination of nearly a month-long process that began with an initial proposal to bolster AI growth and accelerate investments in Artificial General Intelligence (AGI). The merger aims to dismantle the dominance of large technology corporations in AI development and commercialization.

Empowering AI Development

Dr. Ben Goertzel, Founder and CEO of SingularityNET, heralds the merger as a pivotal step towards democratizing AI development: "This merger is a monumental leap towards decentralizing AI and fostering innovation within the global AI community."

Humayun Sheikh, Chairman of the Artificial Superintelligence Alliance and CEO of Fetch.ai, echoed the sentiment: "This marks the beginning of a new era in AI development, where our combined efforts will drive progress towards accessible and transformative decentralized AGI and ASI."

AI Drives Crypto Narrative

The merger announcement comes amidst a surge in interest in AI within the crypto industry. CoinGecko's recent report identified AI as one of the dominant narratives driving the crypto market in the first quarter of 2023. The sector has experienced exponential growth, with large-cap AI tokens leading the rally. AIOZ Network soared by 480.2%, while Fetch.ai witnessed an impressive 378.3% surge. Even underperformers like OriginTrail delivered a robust return of 75%, highlighting the widespread enthusiasm for AI within the crypto community.

About the Artificial Superintelligence Alliance

The Artificial Superintelligence Alliance brings together three leading decentralized AI protocols - Fetch.ai, SingularityNET, and Ocean Protocol - to accelerate the development and adoption of AI technologies. The alliance is committed to creating a decentralized, AI-powered ecosystem that empowers individuals and businesses alike.

Contact Information:

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Artificial Superintelligence Alliance

Email: info@artificialsuperintelligencealliance.org

Disclaimer:

This press release is for informational purposes only and should not be construed as investment advice. Cryptocurrency investments are subject to market risks and volatility.