Ocean Protocol

Token

SingularityNET

SingularityNET has set the stage for a pivotal transformation in the decentralized AI sector with the announcement of merger dates for the ASI token. This integration will incorporate tokens from Fetch.ai (FET), AGIX, and Ocean Protocol (OCEAN), starting on June 11.&nbsp; 
The merger, which concludes on June 13, will rename the FET token to ASI, marking a significant shift towards a unified AI network. 
The new ASI token is expected to enter the top 20 cryptocurrencies by market capitalization, boasting a fully diluted valuation of $7.5 billion. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 In May's edition of our Ecosystem Roundup, we explore the details of the <a href="https://twitter.com/ASI_Alliance?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@ASI_Alliance</a> token merger, our successful Platform technical meetup, the overwhelming response to <a href="https://twitter.com/DeepFunding?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@DeepFunding</a> R4, community-driven initiatives and broader ecosystem developments: <a href="https://t.co/ONZZnhcRPm" target="_blank">https://t.co/ONZZnhcRPm</a>— SingularityNET (@SingularityNET) <a href="https://twitter.com/SingularityNET/status/1797554864303878416?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 3, 2024</a>
 </blockquote> 
 </div>
</figure> 
Details of Token Conversion 
For token holders, this transition involves specific conversion rates as FET will merge at a 1:1 ratio, AGIX at 1:0.433350, and OCEAN at 1:0.433226. Starting June 11, ERC-20 tokens will be swapped for ASI via a secure token migration contract, ensuring a smooth transition for stakeholders. 
Moreover, this is set to consolidate the reach and efficiency of decentralized AI networks, bringing together over 200,000 token holders under one robust ecosystem. This consolidation is anticipated to enhance service delivery and operational scalability across the network. 
The decentralized AI industry has seen a notable consolidation as a result of this merger, which suggests a cooperative strategy to spur research and development. SingularityNET, Ocean Protocol, and Fetch.ai have all individually advanced blockchain and artificial intelligence. 
Ocean Protocol offers solutions for data sharing and monetization, SingularityNET concentrates on a decentralized AI marketplace, and Fetch.ai specializes on autonomous economic agents. Their technologies’ combination may enable previously unheard-of improvements in AI applications and capabilities. 
The merger has a potential impact beyond the blockchain and AI sectors. The development of a cohesive AI ecosystem may result in more scalable and effective AI solutions, which would be advantageous for a number of industries, including banking, healthcare, and logistics. 
Through collaboration, the three initiatives want to get beyond the present barriers to AI research and application, advancing the creation of artificial general intelligence (AGI)—an AI system that can comprehend, learn, and apply knowledge in a variety of contexts at a level that is comparable to human intellect. 
As SingularityNET spearheads this major initiative, the focus remains on amplifying the capabilities and reach of decentralized AI platforms, promising enhanced integration and functionality for users worldwide.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/03/scammers-steal-2-million-from-okx-account-using-ai/" target="_blank" rel="noreferrer noopener">Scammers Steal $2 Million from OKX User Account Using AI</a> 
</blockquote>

SingularityNET Announces ASI Token Merger with Key Dates Set

The Crypto Times

Other articles published on Jun 3, 2024

Is It Too Late To Buy KITTY? Roaring Kitty Price Soars 326% As Keith Gill Indicates Huge GME Hold...

Shiba Inu Loses Vital Support: Critical State of SHIB, Ethereum (ETH) to Hit $4,000? Solana (SOL)...

Cardano Racers NFTs: Revving Up the Blockchain Gaming World with Affordable Prices

Missed Notcoin (NOT), Here Are Top 5 Gaming Tokens Set to Soar 20X

Binance Delisting All Pairs & Ceasing Support of These Crypto

Crypto: Ethereum defies gravity in 2024, with $6000 in sight before the summer!

Join our free newsletter for daily crypto updates!