SingularityNET has published the Artificial Superintelligence Vision Paper, highlighting three aspects: reasons, goals, and functions. The Superintelligence Alliance basically brings together three AI tokens and merges them into a single token, which is ASI. The three tokens involved are AGIX, FET, and OCEAN, which belong to SingularityNET, Fetch.ai, and Ocean Protocol.
Merging three tokens into a single $ASI helps them navigate the rising competition between decentralized and centralized systems. The mission of the alliance is to scale up the R&D sector to fuel the growth of ASI over the centralized systems, which are controlled by corporate entities and are often vulnerable to single-point failure.
The total supply is estimated to be 2,630,547,141. This will be allocated as follows:
- AGIX – 866,700,367
- FET – 1,152,997,575
- OCEAN – 610,849,199
Their mission is also to demonstrate the ways in which decentralized AI can be applied to the real world. Collectively, Fetch.ai, SingularityNET, and Ocean Protocol aim to achieve what was previously considered inconceivable. Fetch.ai brings to the table a mature framework to assist in delivering commercial solutions. A decentralized agent system will back these.
Ocean Protocol brings to the table a decentralized network for data management under security and ethics. It will strengthen the development of large-scale AI systems that seek customized solutions for data requirements. SingularityNET is going beyond what traditional systems pursue. It is bringing a technical path to AGI and ASI by integrating a ledgerless blockchain, a decentralized tech stack, and a decentralized compute fabric.
There are a total of three pillars of focus: building decentralized ASI, securing decentralized computing, and demonstrating decentralized AI applications.
SingularityNET is next scheduled to open the voting process effectively on April 4, 2024, at 12 noon UTC. The voting process concludes on April 16, 2024, at 12 noon UTC. Voting can only be done via the SingularityNET Voting Protocol.
The merger of three tokens has potentially affected the listed value of FET, AGIX, and OCEAN. They are significantly down and exchanging hands at a lower margin. FET, for one, has shed 4.91% in valuation in the last 24 hours. It is listed at $2.61. Similarly, AGIX is down by 4.40%, exchanging hands at $1.06. OCEAN has slipped by 3.72% to $1.11. All the changes have happened in the last 24 hours, and prices were true at the time of drafting this article.
ASI brings all the tokens under a single umbrella. The goal is also to showcase that AI and decentralization can be clubbed together to foster innovation. It practically seeks to create a new segment without relying on centralized solutions. The contest is rather interesting, and users will certainly benefit from it.
Individual tokens—FET, AGIX, and OCEAN—are down, and the value of ASI could soon be made public.