Summary
TLDR: The Artificial Superintelligence Alliance has announced the approval of the new ASI token, merging Fetch.AI’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN into a single digital asset with a combined total value of $7.5 billion. The projects will remain distinct, with community disputes handled by voting. Token holders have approved the merger, with FET being renamed to ASI and AGIX and OCEAN tokens migrating over to ASI. Exchange holders will automatically have their tokens converted to ASI.
Key Points
1. The Artificial Superintelligence Alliance announced the approval of the new ASI token, which combines Fetch.AI’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN into a single digital asset.
2. The merger is anticipated to have a combined total value of $7.5 billion once completed in May, with the objective of true decentralization of technological development and deployment in the AI network.
3. The merger process involves renaming FET to ASI, migration of AGIX and OCEAN tokens to ASI with specific conversion rates, and a warning to holders not to send tokens to exchanges once the conversion is complete.