Uniting for AI Growth: Fetch, SingularityNET, and Ocean Announce Tokenized Collaboration

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.

Learn from market wizards: Books to take your trading to the next level.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  eToro

• 

  Charlie Hayter

• 

  ADVFN News Bulletin

• 

  Matthew Davison