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Three leading web3 projects in AI are teaming up! Ocean Protocol, SingularityNET, and Fetch AI announced their collaboration on March 27. They aim to create a decentralized alternative to Big Tech’s dominance in AI development. This partnership seeks to accelerate decentralized AI infrastructure, drive investment in Artificial General Intelligence (AGI), and advance their platforms. If approved, Fetch AI will transform into the new ASI token, with a projected valuation of $7.5 billion and a total supply of 2.6 billion tokens. Led by the Superintelligence Collective, the merged network will be overseen by Ben Goertzel as CEO and Humayun Sheikh as chairman. While each project maintains its identity, they will collaborate on the shared ASI tokenomic ecosystem. This move reflects the growing interest in AI within the web3 sector, with AI tokens witnessing significant growth recently.
Once merged, ASI will emerge with a fully diluted valuation of $7.5 billion and a total token supply of 2.6 billion, as per an announcement.
“Our goal is to merge platforms for ethical and transparent AI, enabling decentralized interactions between developers and users,” stated Sheikh. “Decentralized AI empowers direct engagement, sidestepping centralized authorities,” he added.
Goertzel chimed in, affirming, “The AI revolution should unfold democratically, openly, and decentralized, a vision shared by SingularityNET, Fetch.ai, and Ocean Protocol since day one.”
Heading the merged “tokenomics network” is the Superintelligence Collective, with Goertzel as CEO, Sheikh as chairman, and Ocean’s Bruce Pon and Trent McConaghy representing their protocol.
While each project’s foundation remains distinct, collaboration ensues in steering the Superintelligence Collective and its ASI tokenomic ecosystem.
Interest in AI surges, propelled by the competitive landscape ignited by neural network-based models like ChatGPT.
Despite AI’s struggle to find a niche in the web3 sector, AI tokens shine as top performers in cryptocurrency. Over five months, the combined capitalization of AI-associated digital assets skyrocketed from $3.18 billion to $29.6 billion.
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