Fetch.ai, SingularityNET, and Ocean Protocol, collectively referred to as the Artificial Superintelligence Alliance (ASI), have officially completed the first phase of their token merger that commenced on the 1st July.
This merger aims to bring decentralized AI infrastructure closer to reality. By combining the research, brands, technologies, and products of SNET, Fetch.ai, and Ocean Protocol, the foundation for an open, scalable AI ecosystem will be laid.
The partnership aims to challenge Big Tech's dominance in AI development as the industry rapidly grows.
The long-term goal here is to advance Artificial General Intelligence (AGI) and take a step towards Artificial Super-Intelligence.
But who should get there first?
Centralized corporations?!
Surely not.
In phase one of the $7.5 billion token merger, $OCEAN and $AGIX merged into Fetch.ai’s $FET token, which resulted in the widescale delisting of the former tokens across all crypto exchanges.
In phase two, $FET tokens will be migrated to $ASI and launched across multiple blockchains.
The new ASI token will power the entire network, bringing enhanced scalability and influence.
Ben Goertzel, CEO of ASI Alliance, shared his excitement about the merger, saying,
"This merger marks the beginning of a new era in AI, merging our strengths to achieve unprecedented progress. It signifies the inception of a broader movement uniting efforts towards beneficial decentralized AGI and super-intelligence."
What does this mean for Hydro?
From a broad perspective, this is great news for Hydro. As the saying goes “A rising tide lifts all boats.” AI has been a hot narrative during this current crypto and stock bull market and it isn’t showing any signs of slowing down.
At the core of Hydro’s interoperability capabilities are features derived from Depin and AI. Utilizing its Masternodes, Hydro establishes a robust Depin network of infrastructure nodes to host and support operations across all its supported networks. As more networks are integrated, this directly bolsters interoperability.
This approach not only enhances the security and reliability of the SUI network but also positions Hydro as a pioneer in decentralized website infrastructure solutions, with a strong emphasis on supporting interoperability.
Conclusion
In order to compete with centralized AI, Web3 and Crypto needs to scale. At Hydro we believe in the interoperability of Web2 and Web3 as one cannot work without the other. We believe we are perfectly placed to be an enabler in this through our specific features in Depin and AI. We look forward to seeing how the ASI narrative unfolds and sharing more news on our specific developments.
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