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 may very well be a big-brained transfer.

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Again in April, group members of three totally different AI-focused crypto tasks – 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 somewhat 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 most important benefit of mixing the three tokens into one is to have a extra streamlined governance course of throughout all three tasks – which, in idea, will assist speed up innovation and progress for all.

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

(Sort of like in the event you had a single board of administrators for 3 separate firms; however on this case the ‘board’ are ASI token stakers).

Plus, it appears like it’s going to carry every challenge nearer collectively, probably permitting one another to share progressive 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 resolve 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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