SingularityNet, Fetch.ai, and Ocean Protocol tokenholders overwhelmingly approved a $7.5 billion merger proposal, paving the way for the creation of the Artificial Superintelligence Alliance (ASI). This alliance, valued at $7.5 billion, signifies a significant consolidation within the field of artificial intelligence (AI) on the blockchain.
The approval, announced on April 16th, follows a community voting process that concluded on the same date. The merger will see the Fetch.ai token (FET) become the primary token for the ASI, with a total supply of 2.6 billion. SingularityNet’s (AGIX) and Ocean Protocol’s (OCEAN) tokens will be converted into ASI at a predetermined conversion rate.
The official launch of ASI is slated for May 24th. This unified alliance aims to accelerate the development and adoption of AI-powered solutions on the blockchain. Proponents believe the merger will combine the strengths of each individual project, fostering innovation and propelling the growth of the combined entity. This $7.5 billion merger has significant implications for the future of AI and blockchain technology. It remains to be seen how ASI will leverage its combined resources and expertise to shape the landscape of AI on the blockchain. The success of ASI will be closely watched by investors, developers, and enthusiasts within the AI and blockchain communities.
