Fetch.ai, SingularityNET, Ocean Protocol Set Date for Artificial Superintelligence Alliance Merger
Summary
Artificial intelligence-focused protocols Fetch.ai, SingularityNET, and Ocean Protocol are merging to form the Artificial Superintelligence Alliance (ASI), with the merger set to complete on June 13. The companies also plan to merge their tokens under Fetch.ai's platform, which will be renamed ASI. From June 11, users can swap Fetch.ai tokens for ASI tokens, with SingularityNET and Ocean Protocol tokens following suit two days later. This move is in response to concerns that tech giants like Microsoft, Alphabet, and Meta could dominate the AI sector. The aim is to build a decentralized AI infrastructure with transparent and openly shared data. The individual tokens of the three companies have all increased by over 2% in the last 24 hours.
