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Cryptocurrency News Articles
Injective (INJ) May Soon Join the Artificial Superintelligence Alliance (ASI) Group
Oct 25, 2024 at 07:42 pm
It comes amid plans to integrate Injective with Fetch.ai to facilitate cross-chain transfers.
Injective (INJ) might be joining the Artificial Superintelligence Alliance (ASI) group, which currently includes Fetch.ai, SingularityNET, and Ocean Protocol. This news comes as plans are being made to integrate Injective with Fetch.ai in order to facilitate cross-chain transfers.
Injective and Fetch.ai Integrate For Cross-Chain Transfers
The integration follows a unanimous vote by the Fetch.ai community to substitute the inter-blockchain communication (IBC) blockchain interoperability protocol light client for Injective. This move will enable seamless cross-chain transfers between the Fetch.ai mainnet and Injective.
“This upgrade will enhance interoperability, making it easier to transfer assets between networks and strengthening ecosystem integration. In addition to expanding DeFi opportunities, this proposal highlights the stability and strong governance of our community,” noted one Web3 enthusiast MDCrypto on X.
The community also approved a software upgrade proposal for a CUDOS network merger due on October 27. This means that CUDOS will join the Artificial Superintelligence Alliance (FET) on Sunday.
“Both proposals have 100% approval and reached quorum 40 hours after submission,” Fetch.ai noted.
With this unanimity threshold, the decision marks the highest overwhelmingly supported proposals ever. BeInCrypto reported on this possibility in September, with the alliance set to gain decentralized computing from CUDOS. This will enhance AI efficiency while reducing vulnerabilities.
Injective network also corroborated the report about an expected Fetch.ai integration. It indicated that “the official on-chain governance proposal to integrate Fetch and Injective is now live.” Moreover, the post also alluded to this integration going slightly beyond cross-chain transfers, with INJ tokens likely to join the ASI token alliance as well.
To put things in perspective, Fetch.ai and Singularity.NET jointly set the foundation for the Artificial Superintelligence Alliance with a $153 million investment in GPU hardware earlier in the year. The alliance’s mission is to provide the computational power required for large-scale AI and machine learning applications.
Bringing Cudos’ global distributed computing network to the mix would introduce more contemporary AI GPUs. As for the potential enlisting of INJ, Injective can deliver an active and efficient trading platform for activities related to artificial intelligence (AI) technologies and other emerging sectors. This could include trading AI-based assets, tokens, or derivatives that represent different aspects of the AI industry.
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