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ASI Merger Is Here: SingularityNET, Fetch.AI and Ocean Protocol’s Crypto AI Super Alliance Fights Back!
Jul. 15, 2024. 7 mins. read.
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The dawn of decentralized superintelligence: The Artificial Superintelligence Alliance (ASI) emerges as SingularityNET, Fetch.ai, and Ocean Protocol unite, challenging Big Tech's AI supremacy with a 3 billion dollar market cap.
The Decentralized Resistance joins forces and fights back. Our bid to keep artificial intelligence development democratic and open is about to get supercharged thanks to the merger of three of the biggest crypto AI projects: SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN).
It’s the hottest thing in crypto AI this year and it’s called the Artificial Superintelligence Alliance (ASI). Like its name suggests, it’s big and ready to fight.
Fetch.ai, Ocean Protocol Foundation, and SingularityNET Foundation will continue operating independently but will collaborate closely within the ASI tokenomic ecosystem. The merger brings together the expertise of renowned AI pioneers, ensuring ethical and innovative AI development.
Together, the three ASI partners make up a market cap of nearly 3 billion dollar and represent some of the smartest and innovative minds in the space. It’s super-ambitious and is aiming for a 7.5 billion dollar market cap post-launch.
If this flew under your radar, fret not, but keep reading this article. Let’s take a look at the entities behind it, why it’s been created, what each party brings to the table, and what essential information that AGIX investors and supporters should know.
Artificial General (AGI) vs Super Intelligence (ASI)
Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI) are both advanced forms of artificial intelligence, but they differ in their capabilities and scope: the term ‘AGI’ emphasizes matching human intelligence in flexibility and generality, while the term ‘ASI’ emphasizes capabilities beyond the greatest human geniuses: a machine-mind that can whip up new theoretical physics in an hour,
- AGI is a hypothetical AI system that can match human-level cognitive abilities, including self-teaching and problem-solving across various domains. It is considered strong AI, as it can perform any intellectual task that a human can.
- ASI however is a hypothetical AI system that surpasses human intelligence. A mind of superhuman genius. It would have thinking skills never before seen in the known universe: able to ingest millions of scientific data in seconds, and understand them with the nuance and common sense of a real intelligence.
While AGI is focused on matching human intelligence, ASI aims to exceed it.
What is the Artificial Superintelligence (ASI) Alliance?
ASI is a unified network aimed at accelerating the development of decentralized artificial superintelligence (ASI). The new partners had to put the merger proposal to a vote with their respective communities, and have now received the community greenlight to join forces.
ASI wants to reshape the landscape of AI research and development, challenging the dominance of centralized tech giants and promoting an open, democratic, and ethical AI ecosystem.
The alliance is not a merger of the three technology platforms. It is a merger of their three tokens.
Overview of SingularityNET, Fetch.ai, and Ocean Protocol
SingularityNET
Founded by Dr. Ben Goertzel, SingularityNET is a decentralized marketplace for AI services. Its mission is to create inclusive, democratic, and beneficial Artificial General Intelligence (AGI), a concept coined or popularized by Dr. Goertzel. The platform allows companies and developers to trade algorithms at scale without a central controller, reducing costs and barriers to entry. SingularityNET is developing its own AGI system, the OpenCog Hyperon AGI framework, and using OpenCog Hyperon and the AI marketplace, SingularityNET aims to leverage its decentralized tools for emergent superintelligence.
Fetch.ai
Fetch.ai is building a decentralized machine learning network that enables users to access secure datasets and execute tasks using autonomous AI agents. This empowers consumers to create and deploy versatile AI for various tasks. The Fetch.ai tech stack includes a Cosmos-based Layer 1 network and a multi-agent framework, facilitating rapid deployment of commercial AI applications.
Ocean Protocol
Ocean Protocol provides a secure, privacy-preserving platform for trading tokenized data assets, giving a way to financially support AI models through their development lifecycle. One of its flagship tools is ‘Predictoor’ for crowdfunded predictions, which has gained traction in the crypto-finance community. Ocean Protocol aims to manage data requirements for both small-scale and large-scale AI systems ethically and securely.
Why Is ASI Needed?
In the race towards AGI and ASI, the choice is stark in 2024: a choice between either centralized control by Big Tech and the military, or else a decentralized, open network. As most new entrants have found, AI’s barriers to entry are now incredibly high, and a few Web2 behemoths like Microsoft, Alphabet and Amazon are very far ahead thanks to financial power.
As a result, the leaders of SingularityNET, Ocean and Fetch had to make a necessary choice: adapt or die.
The mission of the ASI Alliance is to ensure that decentralized ASI is in the race, benefiting humanity as a whole.
This alliance aims to make a real-world impact with decentralized AI, to guide the public and the industry towards decentralized AGI and ASI with continuously improving AI applications. By uniting their strengths, Fetch.ai, SingularityNET, and Ocean Protocol are poised to create synergies that exceed their individual capabilities.
This begins with the merger of AGIX, FET, and OCEAN tokens into the new ASI token. The total supply of ASI will be 2,630,547,141 dollar tokens, distributed among AGIX, FET, and OCEAN holders.
Leadership and Governance
A governing council will guide the Superintelligence Alliance, with Dr. Ben Goertzel as CEO and Humayun Sheikh as Chairman. Bruce Pon and Trent McConaghy will represent Ocean Protocol.
Key Benefits of the Partnership
Here are five good reasons why the ASI alliance is a great idea:
- The merger creates the largest open-source, decentralized player in AI research and development.
- It provides an unprecedented opportunity to challenge Big Tech’s control over AI.
- It leaves the technology platforms and development operations of the three partners largely intact and independent, while merging their tokens on the market.
- By combining their research, brands, technologies, and products, Fetch.ai, SingularityNET, and Ocean Protocol lay the foundation for a scalable decentralized AI infrastructure.
- The merger facilitates the commercialization of each company’s technology, offering universal access to cutting-edge AI platforms and large databases.
Essential Q&A for AGIX Holders
1. Why are these tokens merging?
The merger aims to consolidate resources and accelerate the development of decentralized ASI. Rather than try to merge the technologies of the three platforms, it aims to merge their economic muscle.
2. How does this benefit token holders?
Tokenholders will benefit from a streamlined ecosystem, greater interoperability, and accelerated progress towards decentralized AGI and ASI.
3. How will this transaction work?
Existing AGIX, FET, and OCEAN tokens will be converted into ASI tokens at specified conversion rates.
4. What are the token conversion rates?
AGIX holders will receive 0.433350 ASI per AGIX token, FET holders will receive 1 ASI per FET token, and OCEAN holders will receive 0.433226 ASI per OCEAN token. This aligns pro-rata with their respective crypto asset prices at the time the announcement was made.
5. Do I need to do anything?
No immediate action is required. Conversion tools will be provided if necessary.
6. What does this mean for my AGIX tokens?
Your AGIX tokens will become ASI tokens, integrating into a larger new asset.
7. How do I exchange my AGIX token for a merged ASI token?
Conversion tools will be provided. Follow the instructions from official channels like the SingularityNET blog and Telegram.
8. My AGIX tokens are staked and I won’t have access to them to participate in the merger. What should I do?
A migration tool will be available. Tokens can be converted once they are unstaked.
9. What happens to my tokens on centralized exchanges?
Tokens on centralized exchanges will be automatically converted to ASI. Holders do not need to take any action.
Conclusion
The ASI merger certainly marks an exciting but challenging new chapter in the AI landscape and the battle for little guys to shape the development of Artificial Superintelligence. By merging Fetch.ai, SingularityNET, and Ocean Protocol, a multi-billion dollar alliance is created. This has the strength to drive progress towards decentralized AGI and ASI, ensuring ethical and trustworthy practices.
ASI’s formation accelerates AI development but also democratizes access to AI technologies, challenging the dominance of centralized tech giants. As the world watches, the ASI Alliance stands ready to lead the next wave of innovation in decentralized AI.
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