Artificial Intelligence (AI) protocol SingularityNET has announced that a significant majority of its token holders have voted in favor of the potential Artificial Superintelligence (ASI) Alliance proposal.

ASI Alliance Moving Forward On SingularityNET Endorsement

The new development is a forward-thinking step from AGIX holders as it marks the beginning of the formation of the largest open-source, decentralized network. 

This potential network is dedicated to accelerating the development of decentralized Artificial General Intelligence (AGI) and, thereafter, ASI. SingularityNET appreciates its holders for participating in the voting process and supporting the quest.

We are excited to announce that the supermajority of AGIX token holders has approved the Artificial Superintelligence (ASI) Alliance proposal.

This historic decision marks the formation of the largest open-source, decentralized network dedicated to accelerating the development… pic.twitter.com/hybqyUpyn8

— SingularityNET (@SingularityNET) April 16, 2024

Noteworthy, SingularityNET is on this mission with Fetch AI and Ocean Protocol. The trio decided to merge their tokens to form a single one called ASI after several constructive deliberations. 

This is all part of the broader goal to develop a centralized AI platform dubbed ASI Alliance. Consequently, the merger of AGIX, FET, and OCEAN tokens into an ASI token will have a fully diluted value of about $7.5 billion. 

Based on the terms of the agreement, the merger would in no way impact on the individual operation of each entity. SingularityNET, Fetch AI, and Ocean Protocol will continue to run as separate entities. They would only be required to collaborate under the Superintelligence Collective run by SingularityNET CEO Ben Goertzel, with executives from Fetch AI and Ocean Protocol supporting in other roles.

The laudable feat required the approval of the members of each AI company’s community. Hence, voting for the ASI token merger went live a few days later. An X post from SingularityNET was published, stating that voting for the noteworthy merger is now live for AGIX token holders on Cardano and Ethereum. 

At the time, Fetch AI had equally commenced voting leaving out Ocean Protocol. 

ASI Alliance Promoting AI and Blockchain Integration

The ASI Alliance platform may finally be coming to fruition, having gained support from members of the different communities involved in the merger. 

“It’s official! The ASI Alliance is launching — the world’s largest decentralized network for accelerating AGI and ASI,” as seen recently on the X handle of the ASI Alliance. 

The coming of the ASI Alliance is another milestone in the integration of AI and blockchain, a move that is fast becoming a trend amongst digital asset projects. AI tokens, one of the results of this AI-blockchain merger, are currently performing optimally in the crypto market. Sam Altman’s Worldcoin (WLD) experienced a price boost of up to 200% in February 

This positive momentum may have informed the decision of SingularityNET voters in support of the merger. 

The post SingularityNET (AGIX) Holders Endorses ASI Alliance appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am