Decentralized AI Giants Unite to Form Superintelligence Collective, Leading the Charge in Advanced AI Development

Three leading decentralized AI projects, Fetch.ai, SingularityNET (SNET), and Ocean Protocol, are merging to form the world's largest decentralized AI ecosystem, the Superintelligence Collective. This merger aims to accelerate advancements in Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI), offering a robust alternative to current AI initiatives dominated by major technology corporations.

Decentralized AI Titans Merge to Create the Superintelligence Collective, Pioneering the Advancements of Artificial General Intelligence

In an unprecedented move that has sent shockwaves through the AI industry, three leading decentralized AI projects, Fetch.ai, SingularityNET (SNET), and Ocean Protocol, have announced their intention to merge and create the world's largest decentralized AI ecosystem. This groundbreaking union, aptly named the Superintelligence Collective, is poised to revolutionize the development and deployment of AI, ushering in an era of unprecedented innovation and societal transformation.

Laying the Foundation for Artificial General Intelligence and Artificial Superintelligence

The merger of these three trailblazing projects is driven by the shared vision of advancing decentralized Artificial General Intelligence (AGI) and ultimately realizing the potential of Artificial Superintelligence (ASI). AGI refers to AI systems that possess human-like intelligence, capable of understanding and learning from diverse sets of information across a broad range of tasks. ASI, on the other hand, represents a hypothetical level of intelligence that surpasses human cognitive abilities, potentially leading to profound advancements in every aspect of society and technology.

Uniting Strengths to Challenge Big Tech Dominance

The Superintelligence Collective will combine the complementary strengths of Fetch.ai, SingularityNET, and Ocean Protocol, creating a formidable alternative to the centralized AI initiatives currently dominated by major technology corporations, often referred to as Big Tech. Fetch.ai's decentralized multi-agent platform provides the foundation for deploying AI applications, while SingularityNET's AI-powered blockchain-based marketplace facilitates the development and deployment of AI services. Ocean Protocol, with its decentralized data exchange platform, completes the ecosystem by ensuring the availability of diverse and reliable data.

Embracing Decentralization and Openness in AI

The rising sophistication of AI has highlighted the importance of decentralization and openness in this rapidly evolving field. The centralized control of AI by a select few corporations raises concerns about data privacy, trustworthiness, and the equitable distribution of benefits. The Superintelligence Collective aims to address these concerns by fostering a decentralized ecosystem where developers and users interact directly, bypassing the traditional gatekeepers of centralized authorities. This approach enhances data privacy and paves the way for a more democratic and trustworthy AI ecosystem, encouraging global participation and innovation.

Token Migration and Valuation

The merger will involve a token migration, with Fetch.ai's FET token taking the lead and transitioning into the new ASI token. SingularityNET's AGIX tokens and Ocean Protocol's OCEAN tokens will also migrate to ASI. Upon securing majority approval from each community, the proposed ASI token is estimated to have a Fully Diluted Valuation (FDV) of approximately $7.5 billion as of March 26, 2024. This valuation would place the ASI token among the top 20 most valuable cryptocurrency projects, surpassing prominent players like Litecoin, DAI, and Stellar.

Elevating the Superintelligence Collective to AI Token Leadership

The merger will also elevate the Superintelligence Collective to the status of the second most valuable AI token in the crypto sphere, trailing only behind NEAR Protocol. The combined market capitalization of the three projects is expected to exceed $8 billion, solidifying their position as leaders in the burgeoning AI sector.

AI Tokens: A Hot Asset in the Crypto Market

AI tokens have emerged as one of the most sought-after assets in the ongoing bull market, building on their impressive growth in late 2023. Binance Research highlighted the superior performance of AI tokens compared to major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) in 2023. This trend is expected to continue in 2024, with AI tokens poised for further gains.

Conclusion

The merger of Fetch.ai, SingularityNET, and Ocean Protocol to create the Superintelligence Collective marks a significant milestone in the evolution of AI. By uniting their strengths, these pioneering projects are creating a robust decentralized AI ecosystem that empowers developers, promotes innovation, and ensures the responsible and ethical development of AGI and ASI. The Superintelligence Collective is a testament to the transformative power of decentralization and a harbinger of a future where AI benefits all of society, not just the privileged few.