Three leading decentralized AI projects—Fetch.ai, SingularityNET, and Ocean Protocol—have revealed plans to merge and form the Superintelligence Collective, aiming to establish the largest decentralized AI ecosystem globally. This merger, pending community approval, is intended to advance progress towards decentralized Artificial General Intelligence (AGI) and eventually Artificial Superintelligence (ASI). The three projects—Fetch.ai, SingularityNET, and Ocean Protocol—bring unique strengths to the table, offering an alternative to the dominance of Big Tech in the AI sector.
While Fetch.ai specializes in a decentralized multi-agent platform for AI applications, SingularityNET focuses on an AI-powered blockchain marketplace, and Ocean Protocol is known for its decentralized data exchange platform. By combining their resources, the Superintelligence Collective hopes to challenge the existing control of AI development by major technology companies and offer a platform for developers to create AI models independent of centralized, proprietary technologies.
The merger signifies the increasing significance of decentralization in the AI field, with distributed ecosystems appealing to developers seeking greater autonomy and privacy in AI development. Humayun Sheikh, CEO of Fetch.ai, highlights how decentralized AI fosters direct interactions between developers and users, promoting a more democratic and transparent AI ecosystem.
The proposed token migration involves Fetch.ai’s FET token leading the conversion, with SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens being migrated to the new ASI token. If approved by the respective communities, the ASI token is estimated to have a Fully Diluted Valuation (FDV) of approximately $7.5 billion as of recent data. The planned conversion rates for each token aim to streamline the merger process, setting the initial trading price for ASI at $2.82 per token.
Ben Goertzel, known for coining the term “AGI,” will serve as the CEO of the Superintelligence Collective, alongside other key figures from the merging projects. The collaborative effort aims to propel investment in AGI research and establish a more inclusive AI ecosystem. The potential market capitalization of the ASI token could position it among the top cryptocurrency projects globally, reflecting the significance of the merger within the AI and blockchain sectors.
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