SingularityNet, Ocean Protocol, and Fetch.ai Join Tokens in an ‘Artificial Superintelligence’ Coin

While everyone looks to produce their own coins, some companies are merging them into a unique entity. The teams behind Ocean Protocol (OCEAN), Fetch.ai (FET), and SingularityNet (AGIX) have just announced that they’re creating an amalgam of their coins into one ‘Artificial Superintelligence’ AI coin – ASI. This unique endeavor was unveiled by the companies just recently when they announced the creation of ASI.

The merging joins their coins FET, AGIX, and OCEAN into a single one. AI tokens are becoming more and more common, with a current value of over $30 billion. The crypto AI sector has seen an upward trend recently, exceeding 20% in the past week.

The Brainchild of Prominent Figures

ASI is the brainchild of 3 prominent figures in AI and crypto. That’s Dr. Ben Goertzel, or the father of AGI, Humayin Sheikh, Deep Mind’s major investor, and Trent McConaghy, a major contributor to Ocean Protocol’s platform. According to Ocean Protocol’s CEO Bruce Pon, the merging of coins presents a unique opportunity to create a comprehensive integrated suite of decentralized technologies. It’s a one of a kind AI token that aims to achieve global competitiveness. At the moment, ASI’s diluted valuation is around $7.5 billion.

The combination of technologies will surely be a new mark in the AI crypto token era. As the teams behind the 3 companies say, the ASI token can orchestrate all actors with common incentives. These tokens can unlock computations without traditional banking and payment rails. It’s the native currency of the machine economy and it’ll be interesting to see if it sets off a completely new trend among AI tokens.

One thing’s for sure – it’s something that can move the needle a lot and become a leader in R&D, applications, and commercialization of AGI. We’re interested in seeing where this goes and if it has the impact the companies hope for.