On June 13, the artificial intelligence-focused protocols Fetch.ai, SingularityNET, and Ocean Protocol will fully unite to become the Artificial Superintelligence Alliance (ASI). Additionally, the three intend to combine their tokens under the umbrella of the Web3 platform Fetch.ai, which will soon be rebranded ASI and focus on AI. Users will be able to exchange FET for ASI starting on June 11; when the merger closes two days later, users will be able to exchange FET for the native tokens of SingularityNET (AGIX) and Ocean Protocol (OCEAN).
Over the past 18 months, artificial intelligence (AI) has become a hot topic in the IT community, with worries expressed that tech behemoths like Microsoft (MSFT), Alphabet (GOOG), and Meta (META) will take control of the industry. The Web3 firms were partly inspired by this to attempt to create a decentralized AI infrastructure in which contributors can freely exchange and see one other’s data.Based on statistics from CoinMarketCap, each of the three distinct tokens has increased by more than 2% in the past day.The CoinDesk 20 Index {{CD20}}, which gauges the overall performance of the digital asset market, has decreased by roughly 0.55%.