Artificial Superintelligence Alliance (ASI) Explained

What is Artificial Superintelligence Alliance?

Artificial Superintelligence Alliance is a collaboration between three of the leading AI crypto projects: Fetch.ai, SingularityNET, and Ocean Protocol. The alliance is currently in between the two key phases of combining their utility tokens into a single token called ASI. By decentralizing AI research and development, the coalition aims to disrupt Big Tech's dominance in the industry, establishing the alliance as the most robust independent and open-source AI research and development organization.

The Superintelligence Alliance is focused on promoting innovation and transparency while speeding up the development of decentralized Artificial General Intelligence (AGI). By pooling their resources and expertise, the founding team is leaving their previous competition behind to pursue a more collaborative and ethical approach to advancing AI. Additionally, the alliance aims to create the AI token with the highest market capitalization in the cryptocurrency market.

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FET, AGIX, and OCEAN Token Merge Explained

The ASI token merge process for the Artificial Superintelligence Alliance will occur in two primary phases: Phase 1 and Phase 2. On July 1, 2024, the project began Phase 1 by rebranding to Artificial Superintelligence Alliance (ASI), with AGIX and OCEAN tokens merging into Fetch.ai’s FET ticker on the Ethereum blockchain. During this first phase, AGIX is converted to FET at a rate of 1 AGIX to 0.433350 FET, while OCEAN is converted at a rate of 1 OCEAN to 0.433226 FET.

In the subsequent Phase 2, the ASI token will be introduced, and the FET network will transition to the ASI network with new migration contracts in place. The final conversion will see FET converted to ASI on a 1:1 basis, with the remaining AGIX converting at the same 1 AGIX to 0.433350 ASI, and OCEAN at 1 OCEAN to 0.433226 ASI ratios as in phase 1. Token holders must stay informed through exchange announcements and official ASI documents to guarantee a smooth transition.

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Key Benefits of the Alliance

The Artificial Superintelligence Alliance brings several benefits by merging three leading AI projects:

• Decentralized Leadership: The alliance creates the largest open-source, decentralized entity in AI research and development, offering a powerful alternative to Big Tech's control over AI.
• Scalable Infrastructure: Combining the research and technologies of Ocean Protocol, SingularityNET, and Fetch.ai establishes a scalable decentralized AI infrastructure with a focus on ethical practices.
• Expert Collaboration: The merger unites influential leaders in AGI research—Humayun Sheikh, Dr. Ben Goertzel, and Dr. Trent McConaghy—accelerating blockchain-based AGI development.
• Universal Access: Token holders gain access to advanced AI platforms and large databases, facilitating the commercialization and widespread use of cutting-edge technology.
• Increased Interoperability: The single ASI token enhances interoperability across the three ecosystems, fostering greater collaboration among their communities.

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Key Pillars of Focus

The Artificial Superintelligence Alliance is driven by three core pillars to guide its mission and operations:

• Build ASI: The primary focus is on developing decentralized Artificial Superintelligence (ASI) to benefit humanity and shape the future of AI. This aims to disrupt the current centralized control of AI, fostering a more democratic and open transition to AGI and ASI.
• Show Apps, Unify Stack: The alliance will demonstrate impactful applications of decentralized AI in business and retail, using these applications to advance towards a unified decentralized AI stack while nurturing existing ecosystems and technologies.
• Scale (Decentralized) Compute: To support AI, AGI, and ASI, the alliance will aggressively scale compute resources by addressing needs for algorithms, silicon, and energy, leveraging the $ASI token to drive significant growth in decentralized computing power.

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Founding Team

Upon finalization, the Artificial Superintelligence Alliance will be led by a distinguished team. Dr. Ben Goertzel will serve as CEO, bringing his extensive expertise in Artificial General Intelligence and his pioneering work on Sophia the Robot. Humayun Sheikh, as Chairman, will leverage his experience as an early investor in DeepMind and founder of Fetch.ai.

Bruce Pon, representing Ocean Protocol, will contribute his deep knowledge of blockchain and AI integration. Janet Adams, COO of SingularityNET, will also play a key role, bringing her insights into AI ethics and technology. Together, this leadership team is poised to drive the alliance’s vision, combining their formidable skills to advance the development of decentralized AI.

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Can ASI Token Take Over the AI Crypto Sector?

The Artificial Superintelligence Alliance (ASI) token, currently trading under the FET ticker, is ranked third in the AI crypto sector with a market cap of $3.68 billion. The combined value of the participating projects totals $4.34 billion, with AGIX and OCEAN contributing an additional $663 million. The entire AI sector has a mcap of $31 billion, making up less than 2% of the total crypto market, highlighting room for growth.

If successful, the ASI token could solidify its position in the top three AI tokens and approach the top 20 in overall cryptocurrency rankings. AI tokens have been a top 5 performer in recent quarters, with NEAR Protocol leading, partly due to its connection with S&P 500 tech giant Nvidia. Potential growth drivers for the ASI token include ecosystem-supporting Grant Programs and the release of user-friendly AI tools.

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Bottom Line

The Artificial Superintelligence Alliance (ASI) combines Fetch.ai, SingularityNET, and Ocean Protocol into a single platform to further decentralize AI research and development. The transition to the ASI token, following the rebranding and merging of existing FET, AGIX, and OCEAN tokens, firmly establishes the alliance as a leading AI crypto project in 2024.

The project leverages the compelling narratives of both crypto and artificial intelligence, supported by a skilled team of professionals from both industries.