Three leading decentralized AI blockchain networks - Fetch.ai, SingularityNET, and Ocean Protocol are set to merge their existing network tokens (FET, OCEAN, and AGIX) into a single new token (ASI) on July 15. The token merger represents the formation of the world's largest open-source, independent AI research and development foundation - Artificial Superintelligence Alliance. The mission of the Artificial Superintelligence Alliance is the creation of a decentralized, democratic, inclusive, and beneficial Artificial General Intelligence (AGI), democratizing access to AI and AGI technologies. By merging their tokens into a single token, Fetch.ai, SingularityNET, and Ocean Protocol create an interconnected system of vertically integrated, highly advanced AI technologies across machine learning, AGI development, and data markets.

The race to develop Artificial General Intelligence (AGI) is dominated by Big Tech firms including Facebook, OpenAI, and Google, who have invested hundreds of billions of dollars in AI research and development. In response, Ocean Protocol, SingularityNET, and Fetch.ai have strategically decided to merge their existing network tokens (AGIX, OCEAN, FET) into a unified token (ASI). This merger enables the three decentralized AI networks to pool their resources across research and development, commercial products, and data networks to create a strong ecosystem of AI technologies.

In April 2024, Fetch.ai, Ocean Protocol, and SingularityNET each held votes for the merger within their token holder network. The vote passed in all three networks, and the tokens are set to merge on July 15. The exchange rate of the tokens and token swap mechanics are as follows:

Exchange Rate

• $FET to $ASI (1 to 1) with a total supply of 2.63055 billion tokens

• $AGIX to $ASI at a 0.433350 to 1 conversion rate

• $OCEAN to $ASI at a 0.433226 to 1 conversion rate

Token Swap Mechanics

• $FET, $OCEAN, and $AGIX tokens on exchanges will convert automatically.

• $FET, $OCEAN, and $AGIX tokens in self-custodial wallets must be swapped manually on the respective platforms.

The token merger between Ocean Protocol, SingularityNET, and Fetch.ai marks one of the first major token mergers in crypto market history. This strategic move creates a more robust and active network for Fetch.ai, SingularityNET, and Ocean Protocol by connecting stakeholders from the three communities, thereby fostering stronger network effects and enhancing protocol development. The integration of the three protocols into an interconnected network is expected to facilitate new interactions and exchanges of data, information, and value through the ASI token.

Some of the world's top AI researchers, including Ray Kurzweil, predict that AGI and ASI could emerge within the next 20-30 years. Currently, big tech firms like OpenAI, Facebook, Microsoft, and Google dominate the race towards AGI with substantial capital for R&D, prompting us to consider a crucial question as we approach a future where AGI transforms our world:

Is it better for society to exist in a future where AGI is controlled by a select few monopolistic big tech firms dictating how and when we use AI? Or, is it better for society to exist in a future where AGI is democratized for all people of the world to use and benefit from?

The token merger between Fetch.ai, Ocean Protocol, and SingularityNET represents an innovative step in the direction of building decentralized AGI & ASI technologies - where access is democratized for all people of the world to use freely.

The ASI token merger forms a decentralized network of decentralized AI networks. Fetch.ai, Ocean Protocol, and SingularityNET each bring unique subdomains of expertise to the table:

• Fetch.ai - Decentralized Machine Learning & AI Agents

• Ocean Protocol - Decentralized Data Markets & Data Sharing

• SingularityNET - AGI Research and Development

This interconnected system enables data, AI agents, and AI products to interact across the three tech stacks, creating new flows of information and value within the ecosystem. As the ASI network becomes more advanced from more advanced AI systems within the network, the potential for innovation within this ecosystem is boundless.

The ASI token is a new token with significant potential utility. The token will serve several use cases across the networks such as paying for AI products and services within Fetch.ai, SingularityNET, and Ocean Protocol.

According to CoinMarketCap, the ASI token is anticipated to have a market cap of approximately $7.5 billion, following the merger.

In the short run, it is possible for the token to face short term dilution. SingularityNET received approval by its community to release 100 million tokens earlier than scheduled in order to ramp up GPU infrastructure.

In the long run, ASI could see significant growth. As AI technology reaches AGI and ASI levels, the value of the AI products and services will likely grow exponentially, surpassing any current AI product or service on the market. This could lead to a strong increase in the number of ASI network users, developers, transactions, and token holders.

The ASI token merger represents an innovative development at the intersection of Artificial Intelligence and Blockchain technologies. It forms an alliance between three leading decentralized AI projects and establishes a synergistic vehicle for developing AGI. Furthermore, it represents one of the first major token mergers in crypto markets history, setting a precedent for future token mergers within the markets.

By forming an interconnected ecosystem of AI technologies and pooling their resources and expertise - Fetch.ai, Ocean Protocol, and SingularityNET will strengthen their network effects and drive the development of AGI technologies. Overall, the ASI alliance demonstrates the potential of decentralized initiatives to create a more democratic and technologically advanced future.