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Fetch.AI-SingularityNET-Ocean Protocol Merger Plan
The Artificial Superintelligence Alliance (ASI) has announced the approval of the ASI token merger, expected to start in the coming weeks. Following the voting by constituent Alliance communities (Fetch.ai and SingularityNET), this merger is poised to position the ASI token into the ranks of the top 20 largest cryptocurrencies by market capitalization. With an anticipated total value of $7.5 billion, the merger will combine $FET, $AGIX, and $OCEAN into $FET.
The merger of Fetch.ai, SingularityNET, and Ocean Protocol marks a pivotal moment in the AI landscape, uniting three influential decentralized leaders. Together, they form the Artificial Superintelligence Alliance, a significant player in AI research and development. This alliance not only signifies a milestone in response to the rapid growth of AI projects but also aims to challenge the dominance of Big Tech in AI development, utilization, and monetization.
Since receiving majority approval from each community, the token merger will proceed as follows:
- $FET becomes $ASI with a total supply of 2.63055 billion tokens
- $AGIX tokens migrate to $ASI, at a conversion rate of 0.433350 to 1
- $OCEAN tokens migrate to $ASI, at a conversion rate of 0.433226 to 1
Official announcement：https://fetch.ai/blog/artificial-superintelligence-alliance-token-merger-approved
