The landscape of artificial intelligence (AI) is about to undergo a major transformation as Fetch.ai, SingularityNET, and Ocean Protocol join forces to create a decentralized AI collective. This alliance aims to provide an alternative to existing projects that are predominantly controlled by large technology companies, thereby offering a more transparent and shared approach to AI development.
Under this new initiative, the native tokens of these three platforms will merge to form ASI, which stands for “artificial superintelligence.” ASI will have a total supply of approximately 2.63 billion tokens and will debut with an initial price of $2.82.
Fetch.ai’s native token, FET, will transition into ASI, marking a significant shift towards a Web3 platform solely dedicated to AI. Moreover, SingularityNET’s AGIX token and Ocean Protocol’s OCEAN token will also merge into ASI, with conversion rates of approximately 0.433 to 1 for both tokens. With these token mergers, ASI is anticipated to have a fully diluted market capitalization of roughly $7.5 billion.
The primary objective of this collective is to establish an open and decentralized AI infrastructure on a large scale. Unlike existing systems, which often conceal their inner workings from the public, the combined entity aims to promote transparency and data sharing among contributors.
AI technology has garnered widespread interest in recent years, particularly with advancements like ChatGPT gaining popularity. However, concerns have arisen regarding the potential consolidation of power within a select few tech giants, such as Microsoft, Alphabet, Amazon, Apple, and Meta. It is these concerns that have driven blockchain and Web3 companies to explore innovative solutions in order to offer an alternative paradigm where data is more transparent and shared among stakeholders.
Frequently Asked Questions:
What is the aim of the decentralized AI collective formed by Fetch.ai, SingularityNET, and Ocean Protocol?
The aim of this collective is to provide a decentralized alternative to existing AI projects, which are dominated by large technology companies. By collaborating, these platforms seek to promote transparency and data sharing among contributors.
What is ASI?
ASI stands for “artificial superintelligence” and is the merged token resulting from the combination of Fetch.ai’s FET token, SingularityNET’s AGIX token, and Ocean Protocol’s OCEAN token.
What will be the total supply of ASI tokens?
The total supply of ASI tokens will be approximately 2.63 billion.
What will be the starting price of ASI tokens?
The starting price of ASI tokens will be $2.82.
What is the anticipated market capitalization of ASI?
ASI is expected to have a fully diluted market capitalization of around $7.5 billion.
Sources: [insert sources if available]
The collaboration between Fetch.ai, SingularityNET, and Ocean Protocol to create a decentralized AI collective signifies a significant transformation in the artificial intelligence (AI) landscape. This alliance aims to offer an alternative to current AI projects, which are largely controlled by major technology companies. By joining forces, these platforms seek to establish a more transparent and shared approach to AI development.
As part of this initiative, the native tokens of Fetch.ai, SingularityNET, and Ocean Protocol will merge to form ASI, which stands for “artificial superintelligence.” ASI will have a total supply of approximately 2.63 billion tokens and will debut with an initial price of $2.82. This token merger signals a shift towards a Web3 platform dedicated to AI, emphasizing the collective’s commitment to advancing AI technology in a decentralized manner.
Fetch.ai’s native token, FET, will transition into ASI, while SingularityNET’s AGIX token and Ocean Protocol’s OCEAN token will also merge into ASI. The conversion rates for AGIX and OCEAN tokens will be approximately 0.433 to 1. With the combined value of these tokens, ASI is anticipated to have a fully diluted market capitalization of roughly $7.5 billion.
The primary objective of the decentralized AI collective is to establish an open and decentralized AI infrastructure on a large scale. Unlike existing systems, which often withhold information from the public, this initiative aims to foster transparency and encourage data sharing among contributors. By doing so, the collective aims to address concerns regarding the consolidation of power within a few tech giants and offer an alternative paradigm where data is more accessible and shared among stakeholders.
The interest in AI technology has surged in recent years, with advancements like ChatGPT gaining popularity. However, there are concerns about the concentration of power in the hands of a select few tech giants such as Microsoft, Alphabet, Amazon, Apple, and Meta. These concerns have prompted blockchain and Web3 companies to explore innovative solutions, leading to initiatives like the decentralized AI collective. By promoting transparency and decentralization in AI development, this collaborative effort aims to reshape the industry and create a more inclusive and shared approach to AI.
Sources:
1. Fetch.ai
2. SingularityNET
3. Ocean Protocol