Cover image via U.Today

In a notable development for the AI and cryptocurrency sectors, SingularityNET (AGIX), Fetch ai (FET), and Ocean Protocol (OCEAN) have officially announced the formation of the Artificial Superintelligence Alliance (ASI). The primary goal of this partnership is to introduce a unified AI token, named the ASI token, which merges the AGIX, FET, and OCEAN tokens.

This joint effort, motivated by the desire to improve interoperability and optimize processes, is a response to the increasing need for decentralized AI solutions. The ASI token, estimated to be worth $7.5 billion, is positioned as a crucial asset within the AI industry.

A noteworthy aspect of this announcement is the decision to operate the ASI token across various blockchain platforms, including Cardano, Ethereum, Fetch's Layer-1, and Hypercycle. Dr. Ben Goertzel, the founder of SingularityNET, has confirmed the ASI token's cross-chain functionality, ensuring compatibility with different blockchain infrastructures.

To manage the operations of the unified ecosystem, a governing council will be established, comprising key individuals such as the CEOs of SingularityNET and Fetch ai, along with the founders of Ocean Protocol. While the introduction of the ASI token signifies a significant step in the convergence of AI and blockchain technology, it is crucial to recognize that the organizations involved will maintain their autonomy.

With the voting process set to occur from April 2 to April 7, the strong collaboration within the ASI ecosystem and the formation of this alliance demonstrate a shared commitment to advancing decentralized artificial intelligence.