{"id":312539,"date":"2024-05-29T21:02:01","date_gmt":"2024-05-29T15:32:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=312539"},"modified":"2024-05-29T21:02:01","modified_gmt":"2024-05-29T15:32:01","slug":"fetch-ai-singularitynet-and-ocean-protocol-schedule-asi-alliance-merger-for-june-13-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/fetch-ai-singularitynet-and-ocean-protocol-schedule-asi-alliance-merger-for-june-13-crypto-news\/","title":{"rendered":"Fetch AI, SingularityNET, and Ocean Protocol Schedule \u2018ASI Alliance\u2019 Merger For June 13 &#8211; Crypto News"},"content":{"rendered":"<p>The three web3 AI projects will merge their tokens and networks.<\/p>\n<div>\n<p>Prominent web3-based artificial intelligence projects Ocean Protocol, Fetch AI, and SingularityNET \u2014 the \u201cArtificial Superintelligence Alliance\u201d (ASI) Alliance \u2014 announced that their forthcoming merger will take place in roughly two weeks.<\/p>\n<p>On May 29, Fetch <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/fetch.ai\/blog\/june-13-merger\">announced<\/a> that the merger will begin on June 11, starting with Fetch\u2019s native FET token being renamed to ASI. Users will be able to migrate their FET to ASI on a one-to-one basis, with SingularityNET&#8217;s AGIX and Ocean Protocol&#8217;s OCEAN migrations scheduled to go live from June 13 at conversion rates of roughly 0.433 ASI per token.<\/p>\n<p>Fetch said the three projects span more than 200,000 tokenholders combined.<\/p>\n<p>\u201cThis merger paves the way for a new era in AI, combining our strengths to achieve unprecedented advancements,\u201d said Ben Goertzel, CEO of ASI Alliance and founder of SingularityNET Founder. \u201cThis is only the start of a broader movement to gather together forces working toward beneficial decentralized [artificial general intelligence].\u201d<\/p>\n<p>\u201cThis landmark partnership presents a formidable challenge to Big Tech&#8217;s dominance in AI development,\u201d ASI Alliance said. \u201cThis fusion\u2026 lays the groundwork for an open, scalable AI infrastructure that leverages blockchain to ensure ethical and trustworthy practices in AI development and deployment.\u201d<\/p>\n<h2>ASI Alliance<\/h2>\n<p>The three projects first announced their intention to merge assets and establish a shared \u201c<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/defi\/fetch-singularitynet-and-ocean-to-merge-assets-and-forge-shared-tokenomic-network\">tokenomic network<\/a>\u201d on March 27. Governance proposals outlining the merger were passed by each project\u2019s respective community in April.<\/p>\n<p>The ASI Alliance seeks to comprise a decentralized alternative to the cartel of centralized tech firms currently leading innovation and development within the artificial intelligence industry. <\/p>\n<p>\u201cOur mission is to combine our platforms to ensure ethical and transparent artificial intelligence to decentralize AI,\u201d said Humayun Sheikh, the founder of Fetch AI and a founding investor in DeepMind.<\/p>\n<p>While the news drove short-term rallies for each project\u2019s native token, FET and AGIX both pulled back by 28.5% from their March 27 highs, while OCEAN tumbled 35.6% over the same period, according to CoinGecko.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The three web3 AI projects will merge their tokens and networks. Prominent web3-based artificial intelligence projects Ocean Protocol, Fetch AI, and SingularityNET \u2014 the \u201cArtificial Superintelligence Alliance\u201d (ASI) Alliance \u2014 announced that their forthcoming merger will take place in roughly two weeks. On May 29, Fetch announced that the merger will begin on June 11, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":312543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-312539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/312539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=312539"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/312539\/revisions"}],"predecessor-version":[{"id":312545,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/312539\/revisions\/312545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/312543"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=312539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=312539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=312539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}