Three AI Tokens Are Joining Forces in a Month

TL;DR

Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are merging right into a single digital asset titled the ‘Synthetic Superintelligence Alliance’ (ASI) – which might be a big-brained transfer.

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Again in April, neighborhood members of three totally different AI-focused crypto tasks – Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) – voted to merge them right into a single digital asset titled the ‘Synthetic Superintelligence Alliance’ (ASI).

The merger, which was set to occur on June 13, has now been pushed again to July 15.

Whereas it’s deliberate for a little bit later than anticipated, it’s nonetheless going to be right here earlier than we all know it.

So, why is that this merger even occurring?

To place it merely, the key benefit of mixing the three tokens into one is to have a extra streamlined governance course of throughout all three tasks – which, in concept, will assist speed up innovation and progress for all.

The three tasks will proceed to work on their very own initiatives, however, each time there are disputes or selections to be made, solely those that have staked ASI will be capable of vote.

(Form of like when you had a single board of administrators for 3 separate corporations; however on this case the ‘board’ are ASI token stakers).

Plus, it feels like it should deliver every undertaking nearer collectively, probably permitting one another to share modern applied sciences and developments throughout groups.

This can be the beginning of one thing a lot larger, with the Chairman of the Alliance, Humayun Sheikh, explaining that members of the Synthetic Superintelligence Alliance board would determine on new entries to the Alliance.

We’ll file this one underneath: ‘fairly loopy idea, epic if it really works, solely in web3.’

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