What happens when you combine artificial intelligence and cryptocurrencies? Perhaps the answer lies in the future of everything.
something like that The merger actually took place earlier this week.When blockchain networks Fetch.ai, SingularityNET, and Ocean Protocol combined their respective tokens into one, creating the Alliance for Decentralized AI, or “ASI,” which stands for “Artificial Super Intelligence.”
Their partnership aims to provide alternatives such as: Tech giants increasingly dominate the AI industry.
Here's what you need to know:
What is the purpose of the alliance?
All three blockchain networks will continue to operate as before, but the new agreement will allow the platforms to work together to create blockchain-based decentralized AI protocols. This protocol cannot be controlled by large or centralized stakeholders. The goal is to provide a viable alternative. AI dominated by tech giants Development, Use, and Monetization.
read more: Big Tech is swallowing AI
Fetch.AI is a blockchain network that provides tools for building innovative AI apps and services. Its native token is FET. Ocean Protocol is a blockchain-based marketplace that acts as a bridge between data providers and data consumers, and its native token is OCEAN. SingularityNET, on the other hand, offers a blockchain-based AI marketplace, and its native token is AGIX.
The token has gained about 30% in one week
According to virtual currency tracking site CoinGecko, Fetch.ai's FET token has a market capitalization of $3.3 billion. This is followed by SingularityNet's AGIX token with a market cap of $1.7 billion and Ocean Protocol (OCEAN) token with a market cap of $856 million. The merger values the new token ASI at a fully diluted $7.5 billion.
Over the past seven days, FET stock is up 28%, AGIX stock is up 31%, and OCEAN stock is up 28%.
From chips to blockchain, AI is everywhere
Over the past few years, artificial intelligence has become widely accepted in all areas of technology. Microsoft, Amazon, Google, Apple — everyone is betting on AI. As blockchain companies strive to decentralize data and improve transparency, it's no wonder they want to join the AI space.
