SingularityNET, Fetch.ai, and Ocean Protocol Deploy FET (ASI) Token on Cardano Blockchain

SingularityNET, Fetch.ai, and Ocean Protocol, under the Artificial Superintelligence (ASI) Alliance, have officially deployed the FET (ASI) token on the Cardano blockchain

The Artificial Superintelligence (ASI) Alliance, comprising SingularityNET, Fetch.ai, and Ocean Protocol, has announced the deployment of the FET (ASI) token on the Cardano blockchain.

According to the announcement shared with CryptoSlate today, the integration is part of the team’s mission to foster a decentralized and ethical AI ecosystem.

The alliance said they chose Cardano for its security, speed, and low transaction costs, ultimately benefiting the development of ASI.

“The low cost, high speed, top security and mathematical elegance of the Cardano infrastructure have been an inspiration to me since the early days of SingularityNET,” said Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance.

The FET token, now rebranded under the ASI ticker, is a native Cardano token (CNT), offering enhanced functionality and integration within the Cardano ecosystem, the alliance stated.

The move is part of a broader strategy to enhance interoperability across major blockchain networks.

Following the deployment of FET as a native Cardano token, the alliance also announced plans to integrate additional Cardano features.

These features include a direct migration tool from CNT-AGIX to CNT-FET and an updated Ethereum-Cardano bridge to facilitate seamless FET transfers between these two networks.

The upcoming tools are expected to enhance the liquidity and accessibility of the FET token, encouraging broader adoption within the decentralized ecosystem.

“As we grow the ASI Alliance in accordance with its mission to lead the transition from today’s AI applications to tomorrow’s Artificial General Intelligence and then superintelligence, the Cardano native-asset version of the ASI token and Cardano versions of ASI software tools and platforms are envisioned to play an ongoing central role,” Goertzel said on the integration.

The alliance said they will continue to invite developers, businesses, and community members to explore and contribute to the growing decentralized AI network.