Three AI Tokens Are Joining Forces in a Month

TL;DR

Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are merging right into a single digital asset titled the ‘Synthetic Superintelligence Alliance’ (ASI) – which could possibly be a big-brained transfer.

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Again in April, group members of three completely different AI-focused crypto initiatives – Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) – voted to merge them right into a single digital asset titled the ‘Synthetic Superintelligence Alliance’ (ASI).

The merger, which was set to occur on June 13, has now been pushed again to July 15.

Whereas it’s deliberate for a little bit later than anticipated, it’s nonetheless going to be right here earlier than we all know it.

So, why is that this merger even taking place?

To place it merely, the main benefit of mixing the three tokens into one is to have a extra streamlined governance course of throughout all three initiatives – which, in concept, will assist speed up innovation and progress for all.

The three initiatives will proceed to work on their very own initiatives, however, every time there are disputes or choices to be made, solely those that have staked ASI will be capable of vote.

(Type of like for those who had a single board of administrators for 3 separate corporations; however on this case the ‘board’ are ASI token stakers).

Plus, it seems like it’s going to carry every undertaking nearer collectively, presumably permitting one another to share revolutionary applied sciences and developments throughout groups.

This can be the beginning of one thing a lot greater, with the Chairman of the Alliance, Humayun Sheikh, explaining that members of the Synthetic Superintelligence Alliance board would determine on new entries to the Alliance.

We’ll file this one beneath: ‘fairly loopy idea, epic if it really works, solely in web3.’

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