SingularityNet Confirms Groundbreaking AI Merger to ASI Token - DailyCoin

SingularityNet, Ocean Protocol, and Fetch.AI merge to form the Artificial Superintelligence Alliance (ASI), a $7.5 billion decentralized AI network that aims to counter Big Tech's dominance in the AI sector and democratize AI access for all.

The Rise of the Artificial Superintelligence Alliance

Is the AI industry poised for a seismic shift?

The Dawn of a New Era

Artificial Intelligence (AI) has taken the world by storm, proving its worth beyond mere buzzwords. From ChatGPT to Dall-E, tech giants like Microsoft and Google are vying for dominance in this rapidly evolving field. Amidst this race, decentralized entities like SingularityNet, Ocean Protocol, and Fetch.AI have emerged as champions of democratizing AI access.

A Bold Merger

In an exclusive announcement to DailyCoin, SingularityNet has confirmed its merger with industry-leading AI protocols Ocean Protocol and Fetch.AI to form the Artificial Superintelligence Alliance (ASI). This proposed merger, valued at $7.5 billion, aims to create the world's largest open-source decentralized network, accelerating the development of Artificial General Intelligence (AGI).

The Power of $ASI

As part of the alliance, Fetch.AI's FET token, Ocean Protocol's OCEAN token, and SingularityNet's AGIX token will fuse into a single $ASI token that will empower the combined decentralized AI network. This unprecedented convergence unlocks unmatched scale and capabilities.

Dr. Ben Goertzel's Vision

Dr. Ben Goertzel, CEO and Founder of SingularityNet, paints a compelling picture: "The AI revolution demands that AGI and ASI be free from the clutches of biased entities. They must be deployed openly, democratically, and decentralizedly. This has been the shared vision of SNET, Fetch.ai, and Ocean Protocol since their inception. It is only natural that we unite to form a powerful force against Big Tech and shift the AI landscape towards a decentralized future."

The Alliance's Leadership

The ASI will be guided by a team of industry luminaries: Dr. Ben Goertzel, Humayun Sheikh, Bruce Pon, and Trent McConaghy. Each entity will operate independently but will collaborate closely within the $ASI ecosystem and in managing the alliance.

Challenging Big Tech

The ASI's mission is to leverage the surge in AI and establish a decentralized AI infrastructure that transforms closed-source AI systems into open networks. By fostering collaboration towards shared goals, the alliance aims to break the control of Big Tech over AI development, use, and monetization.

Token Distribution

Upon community approval, the token conversion will proceed as follows:

• FET tokens will transition to $ASI with a total supply of 2.63055 billion tokens and an initial price of $2.82.
• AGIX tokens will convert to $ASI at a ratio of 0.433350:1.
• OCEAN tokens will convert to $ASI at a ratio of 0.433226:1.

The combined FDV of $ASI stands at a staggering $7.6 billion USD.

Bruce Pon's Optimism

Bruce Pon, CEO and Co-Founder of Ocean Protocol, exudes confidence: "This merger unlocks a vertically integrated stack of decentralized technologies, empowering us to compete globally. The unified ASI token orchestrates a cohesive ecosystem with common incentives, securing the public network, unlocking computation, and serving as the currency of the machine economy."

Market Sentiment

OCEAN tokens have surged in response to the merger news, marking a 36% gain over the past 24 hours.

Challenging the Status Quo

The Artificial Superintelligence Alliance represents a momentous milestone for the crypto and AI industries. It challenges the dominance of Big Tech companies over AI technologies, setting the stage for a paradigm shift towards decentralized innovation.

Stay Tuned

As the merger awaits approval from the respective communities, the AI revolution takes another thrilling step forward. Keep your eyes peeled for further developments in this transformative partnership.