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Cryptocurrency News Articles

FetchAI, Ocean Protocol, and SingularityNet Merge to Launch the Superintelligence Alliance, the Largest Decentralized AI Project - Crypto Economy

Mar 27, 2024 at 11:24 pm

Fetch.AI, SingularityNET, and Ocean Protocol merge to form the largest decentralized AI ecosystem, the Superintelligence Collective. Their combined strengths in AI economy, blockchain marketplace, and decentralized data exchange aim to create an open-source alternative to centralized AI technologies. This alliance seeks to accelerate progress towards AGI and promote a more democratized and trustworthy AI ecosystem.

FetchAI, Ocean Protocol, and SingularityNet Merge to Launch the Superintelligence Alliance, the Largest Decentralized AI Project - Crypto Economy

Three Decentralized AI Pioneers Merge to Create Superintelligence Collective

In a bold move that aims to reshape the landscape of artificial intelligence, three leading decentralized AI projects – Fetch.AI, SingularityNET, and Ocean Protocol – have proposed a merger to create the world's largest decentralized AI ecosystem.

Combining Strengths for a Common Goal

This historic alliance seeks to synergize the unique capabilities of each project. Fetch.AI brings its expertise in creating a Web3 platform for the new AI economy, while SingularityNET has developed a blockchain-based marketplace for AI services. Ocean Protocol, meanwhile, focuses on building a decentralized data exchange.

Accelerating the Race to AGI

The merger proposal comes amidst rapid advancements in the field of AI. By combining their strengths, these three projects aim to accelerate the development of General Artificial Intelligence (AGI), the ability of machines to perform tasks that typically require human intelligence, and eventually Superintelligent Artificial Intelligence (ASI), which would surpass human capabilities.

Challenging Centralized AI Giants

The Superintelligence Collective aspires to provide an alternative to AI solutions dominated by major tech companies. By fostering an ecosystem of decentralized technologies, the merger seeks to promote a more equitable and democratized approach to AI development.

Migration of Tokens and Governance

Under the proposed merger, Fetch.AI would lead the token migration process, with ASI serving as the new token for the combined entity. SingularityNET's AGIX tokens and Ocean Protocol's OCEAN tokens would also be migrated to ASI.

The Superintelligence Collective would be led by a team of experienced executives, including Ben Goertzel as CEO, Humayun Sheikh as President, and Trent McConaghy in an unspecified role. While the individual organizations behind the merged networks would continue to operate independently, they would collaborate closely within the ASI ecosystem.

Community Engagement and Token Merger Event

The project leaders are eager to engage with the community on the merger proposal. A joint event will be held at Fetch.AI to discuss the details and implications of this transformative initiative. The community will have the opportunity to provide feedback and shape the future of the Superintelligence Collective.

Projections for the Merger

The merger is expected to create a fully diluted valuation of approximately $7.5 billion for ASI, propelling it into the ranks of the top 20 most valuable cryptocurrency projects. The combined entity aims to attract significant investments and accelerate the development of more advanced and responsible AI technologies.

Building Towards a Democratic and Trustworthy AI Ecosystem

The Superintelligence Collective believes that the merger will foster a more democratic and trustworthy AI landscape. By decentralizing AI development and data exchange, the collective aims to mitigate the risks of bias and potential misuse that can arise in centralized systems.

Conclusion

The proposed merger between Fetch.AI, SingularityNET, and Ocean Protocol is a testament to the transformative power of collaboration. By uniting their strengths, these three pioneers aim to accelerate the development of decentralized AI, empower developers, and create a more equitable and sustainable AI ecosystem for the future. The merger proposal serves as a catalyst for innovation and underscores the importance of creating AI solutions that are both powerful and responsible, paving the way for a new era of human-machine collaboration.

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