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CDS Crypto News AI Token Integration: Three Decentralized Platforms Forge Alliance

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AI Token Integration: Three Decentralized Platforms Forge Alliance

Fetch.ai, SingularityNET, and Ocean Protocol have joined forces to merge their cryptocurrency tokens and establish a collaborative alliance dedicated to decentralized AI.

Ecem EFE27/03/20241 Mins read356

Ai Token Integration: Three Decentralized Platforms Forge Alliance

Crypto News- In a groundbreaking move, Fetch.ai, SingularityNET, and Ocean Protocol have joined forces to pioneer a new era of decentralized artificial intelligence (AI). Together, they are crafting an AI collective, marking a bold departure from the dominance of tech giants.

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AI Token Integration: Three Decentralized Platforms Forge Alliance

The trio aims to democratize AI by providing an alternative to centralized projects, often controlled by tech behemoths. Through a recent announcement, they revealed their vision for a decentralized future, promising transparency and inclusivity.

Under the ambitious plan, Fetch.ai’s native token (FET) will transform into ASI (Artificial Superintelligence), boasting a total supply of approximately 2.63 billion tokens and a starting price of $2.82. SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens will merge into ASI at conversion rates of around 0.433 to 1, culminating in a fully diluted market cap of $7.5 billion.

Redefining AI: Uniting for Transparency and Decentralization

The unified entity envisions an open, decentralized AI infrastructure, contrasting with opaque systems prevalent today. By championing transparency and shared data, they aspire to redefine the AI landscape.

The timing couldn’t be more apt, with AI’s popularity soaring since 2023, catalyzed by innovative tools like ChatGPT. However, concerns loom over the potential oligopoly of tech giants like Microsoft, Alphabet, and Meta. This alliance represents a spirited response from blockchain and Web3 companies, advocating for a future where data is liberated and collaborative.

Sources:coindesk

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Ecem EFE

Since 2022, Ecem has been creating digital content, combining her passion for technology with writing. Continuing her education in the Mathematics department, Ecem focuses on producing in-depth content on areas such as blockchain, artificial intelligence, and cryptocurrency. She aims to simplify these topics and present them to a wide audience, sharing valuable insights into the crypto industry through her writing. With her innovative content, she strives to raise awareness in the digital world.

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