Uniting Forces: The Emergence of the AI Alliance from Fetch.ai, SingularityNET, and Ocean Protocol

Forging a New Path in AI

In a landmark move, Fetch.ai, SingularityNET, and Ocean Protocol have joined hands to merge their respective crypto tokens into a unified entity, forming the AI Alliance. This groundbreaking collaboration aims to provide a decentralized alternative to the dominance of Big Tech in the realm of artificial intelligence (AI).

ASI: Artificial Superintelligence Unleashed

Under this alliance, Fetch.ai's native token (FET) will undergo a transformation into ASI, standing for "artificial superintelligence." With an initial supply of approximately 2.63 billion tokens and an inaugural price set at $2.82, ASI emerges as a formidable force in the decentralized AI landscape.

Additionally, the native tokens of SingularityNET (AGIX) and Ocean Protocol (OCEAN) will seamlessly merge into ASI, with conversion rates of around 0.433 to 1, propelling ASI's fully diluted market cap to an estimated $7.5 billion.

A Vision for Decentralized AI

The envisioned collective entity aims to pioneer an open decentralized AI infrastructure at scale, in stark contrast to existing systems marred by opacity and centralization.

By fostering transparency and shared data among contributors, the AI Alliance seeks to revolutionize the AI landscape, offering a more inclusive and collaborative approach to technological advancement.

Rising Interest in AI

The surge in mainstream interest in AI, catalyzed by transformative tools like ChatGPT, has underscored the urgency of addressing concerns surrounding Big Tech's dominance. With industry giants like Microsoft, Alphabet, and Amazon looming large, there's a growing realization of the need for decentralized alternatives.

The emergence of blockchain and Web3 companies into the fray signals a paradigm shift, where data transparency and collective empowerment take center stage in the AI narrative.