Three crypto projects want to merge their token into one, called Artificial Superintelligence Alliance (ASI), to create a fully decentralized AI platform.
Right now, a crypto project checks all the boxes. Three platforms specializing in web 3 and AI, Fetch.ai, Ocean Protocol and SingularityNet want to merge their cryptocurrencies into one, called Artificial Superintelligence Alliance (ASI). The goal is to join forces to create a fully decentralized AI development platform, both in terms of technology and financing.
The goal is to take advantage of the decentralization promised by crypto technology to develop efficient and reliable AI, completely independent of the big names in American big tech.
Confronting big tech
“It makes perfect sense for our three projects to come together to form a token network with greater power to take on big tech and shift the center of gravity of the AI world into the decentralized ecosystem,” said Ben Goertzel, the founder and boss of SingularityNet.
It is Fetch.ai which will be the linchpin, a web 3 start-up which develops its own AI solutions. Several projects are taking shape on the same model, but that of this system, financed by a common crypto, is a first.
Concretely, this will result in the merger of the 3 tokens of the 3 groups within this group which should have a capitalization of more than $7 billion, according to a joint press release. The ASI cryptocurrency starts with a mass of 2.6 billion tokens at $2.8 each and risks becoming the investment barometer of decentralized AI.
Source: https://www.bfmtv.com/crypto/trois-cryptomonnaies-specialisees-dans-l-ia-vont-fusionner-en-une-seule_AV-202403280594.html
