The Artificial Intelligence (AI) narrative is expanding with Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) merging their tokens into one Artificial Superintelligence alliance token. The move happens against the backdrop of accelerating AI trends and innovation in the blockchain arena. Artificial Superintelligence Alliance chairman Humayun Sheikh said the merger is coming to “create a decentralized AI infrastructure at scale, ensuring ethical and trustworthy practices.” Here are 4 reasons why bagging the Artificial Superintelligence Alliance token may be good for your portfolio.

1. The Artificial Superintelligence Alliance Creates a Unified Ecosystem

The unification of the three AI blockchain giants means the merging of ecosystems. Both Ocean and SingularityNET have sizable ecosystems. Combining these three forces makes ASI a force to be reckoned with. Ultimately, the goal of ASI is to become the leading name in decentralized Artificial Intelligence (DeAI).

Data from CoinGecko shows that the total blockchain AI market cap sits around $27 billion, with FET (soon to be ASI) coming in as the third largest AI crypto with a $3 billion market cap. As the merger progresses into phase II, this valuation is expected to rise. 

2. Enhanced Token Utility

Contrary to the previous system, where the three distinct tokens were only useful in their respective networks, ASI will have utility in all three platforms. Remember that it is the tokens that are merging, not the platforms. What this means is that the respective merge partners will continue operating their platforms but there will be one token for transacting across the three platforms. Hence,  SingularityNET will continue offering a decentralized marketplace for AI, Ocean Protocol will continue providing its tokenized service layer that unlocks data for AI, and Fetch.ai will continue delivering AI automation to DeFI and the crypto economy. This builds more utility into the ASI token—a catalyst for a price pump in the future.

3. Recent Performance of AI Tokens

Since the invention of ChatGPT, the world has been captivated by the rapid growth of AI, and the crypto market is no exception. Unless you have been living under a rock, you will have noticed that 2024 is the year of advanced AI. Most recently, NVIDIA, the largest computer chip maker in the world, surpassed Microsoft to become the largest company in the world by market cap. 

Similarly, AI cryptos have been skyrocketing in 2024 and ASI will be no exception. Furthermore, ASI has the advantage of having the backing of key players in the crypto AI arena, a factor that may greatly contribute to its rise to be the top dog in the fight. 

4. Real World Adoption

Unlike other crypto sectors like DeFi or Metaverse, decentralized AI has real-world adoption. Recently, AI blockchain projects have been building AI Agents – modular building blocks that can be programmed with logic to perform specific tasks. Fetch.ai has Agentverse, a decentralized platform where any user can create an AI agent, even without prior coding knowledge.

Such kinds of use cases are what attract the traditional world and, with them, tremendous amounts of investment potential. Fetch.ai’s Agentverse offers the capability to create forex trading bots, a restaurant booking bot, or even a weather provider bot. The possibilities are endless. Being an early investor in such a technology company may reap huge benefits in the future. 

6. Community Onboarding

More than anything else, community is the driving force that allows digital assets to thrive. This is why the daily fight in the blockchain space is to onboard more people. The Artificial Superintelligence Alliance will bring together 86,417 FET holders, 74,856 AGIX holders, and 45,892 OCEAN holders into one united community.

Meme coins such as Shiba Inu, Dogecoin, and Notcoin have showcased the importance of huge and dedicated communities. With the combined backing of these three communities, ASI is looking to become the largest AI-based cryptocurrency.

Conclusion

The new Artificial Superintelligence Alliance presents compelling reasons for investment, among them its potential in the growing AI and blockchain sectors. As AI continues to reshape digital assets, the Artificial Superintelligence Alliance Token stands out as a promising asset that could benefit from the increasing integration of AI solutions in the blockchain space.

The post Reasons To Buy Artificial Superintelligence Alliance Token as FET, OCEAN and AGIX Exit appeared first on CoinGape.

---

Filed under: News - @ July 3, 2024 11:27 am