The Synthetic Superintelligence Alliance (ASI), comprising Fetch.ai (FET), SingluarityNET (AGIX), and Ocean Protocol (OCEAN), mentioned the extremely anticipated ASI token will probably be launched in Could.

In an April 16 assertion, the Alliance acknowledged that the ASI token would merge the native digital belongings of the three decentralized synthetic intelligence protocols and rank among the many prime 20 cryptocurrencies, boasting an estimated $7.5 billion market capitalization.

ASI token

Based on the merger phrases, FET will probably be rebranded as ASI, with a token provide of two.63 billion. The native tokens of SingularityNET and Ocean Protocol would even be migrated to ASI, with conversion charges of 0.433350:1 and 0.433226:1, respectively.

This growth arrived practically a month after the preliminary proposal was unveiled. The merger was proposed to bolster synthetic intelligence development and expedite investments in Synthetic Basic Intelligence (AGI). Moreover, the merger goals to disrupt the dominance of massive technological corporations in AI know-how growth and commercialization.

Dr. Ben Goertzel, Founder and CEO of SingularityNET, views the merger as a stride in direction of democratizing AI growth.

In the meantime, Humayun Sheikh, chairman of the Synthetic Superintelligence Alliance and CEO of Fetch.ai, mentioned:

“This marks the start of a brand new chapter in AI growth, the place our collective efforts will drive progress in direction of decentralized AGI and ASI.”

AI amongst main crypto narratives

CoinGecko’s report highlighted AI as one of many dominant narratives inside the crypto business in the course of the first quarter of this yr.

The sector skilled outstanding development, boasting a staggering 222.0% in returns. Giant-cap AI tokens led the cost, with AIOZ Community hovering by 480.2% and Fetch.ai by 378.3%.

Even the comparatively underperforming OriginTrail delivered a stable return of round 75% — highlighting the widespread curiosity in AI inside the crypto neighborhood.

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