ASI Alliance initiates phase two of groundbreaking token merger – London Business News | Londonlovesbusiness.com

The Artificial Superintelligence Alliance (ASI), a collaboration between Fetch.ai, SingularityNET, and Ocean Protocol that’s quickly gaining momentum and attention, recently announced the start of Phase Two in their token merger.

The collaboration and initiative’s goal is to accelerate research and development in decentralized Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI).

Key Takeaways:

• Goal of Phase Two: The focus of Phase Two will be community onboarding and the deployment of ASI tokens across multiple blockchains.
• New Migration Contracts: The Second Phase will include new migration contracts for tokens not yet converted and for EVM-based FET.
• Token Conversions: All FET Mainnet Tokens will automatically convert to ASI during an upcoming Fetch.ai mainnet upgrade. The migration contracts are designed to remain available for several years, allowing plenty of time for token conversions.

By leveraging the strengths and expertise of each participating organization, the ASI Alliance focuses on creating and integrating advanced AI technologies in both a responsible and ethical AI manner. The key motives and objectives of the Alliance include operational efficiency, integration of decentralized AI systems, and a focus on industry-wide collaboration to advance AI.

Chelsea Alves, a consultant with UNMiss, said, “By merging multiple disruptive organizations’ efforts, the ASI Alliance is setting a new standard for collaboration in the growing AI industry.

“This merger not only facilitates the seamless transition of tokens but also signifies a unified commitment to developing AGI and ASI in a decentralized, ethical, and responsible manner. The combined strengths of each of these renowned companies will drive forward innovations that have the potential to reshape the AI industry entirely.”

Ben Goertzel, CEO of SingularityNET and the ASI Alliance, expressed his enthusiasm regarding the approach of Phase Two stating: “We’re excited to have reached this milestone. This tokenomic merger paves the way for a series of collaborations combining Alliance technologies toward beneficial superintelligence.”

“Today’s token merger underscores our commitment to advancing safe artificial intelligence,” said Humayun Sheikh, chairman of the ASI Alliance and CEO of Fetch.ai.

The ASI Alliance leans on the unique and differentiated strengths of each member organization: Fetch.ai’s autonomous agent technology, Ocean Protocol’s data exchange frameworks, and SingularityNET’s decentralized AI services.

This strategic alliance isn’t stopping with just three organizations and welcomes others to join in and collaborate to continue to drive meaningful advancements in the AI realm.