ASI Alliance Token Merger Phase 1 Complete, Begins Integration Phase

ASI Alliance - Press Release

On July 1st, 2024, we began the token merge to unite SingularityNET (SNET), Fetch.ai, and Ocean Protocol (Ocean) into the Artificial Superintelligence Alliance (ASI), currently trading under the FET ticker. As the first token merger of this magnitude, this complex undertaking involves many moving parts and requires continuous efforts.

We are excited to announce that the core token merger process (Phase 1) is now complete and we have moved on to post-merger integration (Phase 2). With over 50% of the circulating Alliance token supply already merged, including foundation treasuries and balances on supporting exchanges, SNET, Fetch.ai, and Ocean are now consolidated under a single token, the Artificial Superintelligence Alliance (FET). We are now positioned to focus on advancing towards beneficial Artificial General Intelligence (AGI) and beyond, with the ultimate mission of achieving decentralized Artificial Superintelligence.

Concurrent with the Alliance’s primary focus on development and rollout of decentralized AI technology, several implementation and integration steps will be executed in the coming period. In the coming weeks, we will introduce cross-chain bridges and migration solutions to facilitate the transition for our remaining holders on blockchains like Cardano and BNB Chain.

These solutions will enable users to migrate to the merged token (FET) and secure their positions within the Alliance's ecosystem. Following this, the final step of Phase 2, that of updating the ticker from FET to ASI will be carried out in due time once alignment of all needed third parties is achieved.

We appreciate the unwavering support of our communities and the instrumental role of our industry partners in making this token merger possible. We look forward to sharing more detailed information as the next stages of the post-closure process unfold, and most of all to unveiling in the coming months more of our ongoing work integrating SNET, Fetch.ai and Ocean software tools toward practical commercial AI functions building in the direction of decentralized AGI and ASI.

Sincerely, The Artificial Superintelligence Alliance team

About The Artificial Superintelligence Alliance

The Artificial Superintelligence (ASI) Alliance is a collective formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol. As the largest open-sourced, independent entity in AI research and development, this alliance aims to accelerate the advancement of decentralized Artificial General Intelligence (AGI) and, ultimately, Artificial Superintelligence (ASI). For additional information on ASI, visit: superintelligence.io

About SingularityNET

SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). According to Dr. Goertzel, AGI should be independent of any central entity, open to anyone and not restricted to the narrow goals of a single corporation or a single country. The SNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. The core platform and the SNET AI teams are complemented by specialized teams devoted to various application areas such as robotics, biomedical AI, finance, media, arts and entertainment. For additional information visit: singularitynet.io

About Fetch.ai

Fetch.ai, a Cambridge-based AI company, is redefining the possibilities of an intelligent and connected world through its AI agent-based technology.Fetch.ai's infrastructure technology enables developers and businesses to build, deploy & monetize through an agent-based modular platform for the new generation of AI applications. The company's core product, DeltaV, fuses Language Models (LLMs) and AI Agents to create an open and dynamic marketplace that connects users to services and reimagines the current search experience. For additional information visit: fetch.ai

About Ocean Protocol

Ocean was founded to level the playing field for AI and data. Ocean tools enable businesses and individuals to trade tokenized data assets seamlessly to manage data all along the AI model life cycle. Ocean-powered apps include enterprise-grade data exchanges, data science competitions and data DAOs. The Ocean Predictoor product has over $800M in monthly volume six months after launch with a roadmap to scale foundation models globally. For additional information visit: oceanprotocol.com