The Artificial Super intelligence Alliance (ASI) has been approved by the smart contract token holders for SingularityNet (AGIX), Fetch.ai (FET), and Ocean (OCEAN). The $7.50 billion merger was approved. FET will be replaced by the 2.6 billion token known as ASI, while AGIX and OCEAN tokens will convert to ASI at a ratio of 0.43:1. The goal of the May 24 launch is to build a decentralized AI infrastructure that can handle large amounts of data.
Language learning models (LLMs), AI data exchange, and AI agents operating in business settings are some of the industrial uses of the ASI. The product launch will be used for business operations, while the infrastructure investment in GPUs will be used to further AI development.
Popular for its computing services, Fetch is implemented using LLMs and AI agents, while SingularityNET investigates the use of AI in applications. Tokenized data assets are stored on oceans. Participants can use the bitcoin standard to trade or sell their assets. The merger is a clear technological step in line with current trends, such as blockchain- and AI-powered self-publishing book platforms.
Read also: MANTRA’s Hongbai Testnet Now Live for RWA Tokenization