Fetch.ai, an open forum offering instruments to develop exclusive AI services and apps, has recently announced a merger. The company disclosed that it is collaborating with the popular platforms Ocean Protocol and SingularityNET to develop the biggest autonomous project in the research & development concerning AI. “The Super Intelligence Alliance” will operate as a project that leverages all three collaborators. The native coins of all three collaborators will merge into 1 coin called $ASI.

Fetch.ai, Ocean Protocol, and SingularityNET Merge for AI Research & Development

As a result of this, the tokens that these 3 entities issue will merge to establish a universal AI coin. The Artificial Superintelligence token (ASI) will be the name of the respective universal token. In its recent blog post, Fetch.ai noted that the project deals with the collaborators’ mutual stand confronting the control of big tech over technology. The company added that it is entering this partnership to innovate AI creation, sharing, and utilization by users.

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The respective collective works to unveil fully decentralized AI products. One of them is the independent AI agents of Fetch.ai. It also includes Ocean Protocol’s method to share data with zero control loss. In addition to this, it also focuses on Singularity NET’s dive into the research around AI to offer the latest innovations. Fetch.ai asserted that the collaborating parties are paying great attention to improving the future of AI.

FET, AGIX, and OCEAN Tokens to be Labeled as $ASI

With the ASI, the companies work on accomplishing their journey to make AI open for everyone. Fetch.ai detailed how the tokens would turn into ASI coins. It pointed out that if a user holds $FET coins, they will go through an automated process to have the label of ASI tokens. The company will manage the respective procedure without demanding anything from the users.

The consumers holding $FET tokens offline can utilize a token swap process for conversion into ASI. Additionally, the $AGIX, and $OCEAN tokens will also witness their automatic conversion to the $ASI tokens. It asserted that the holders will get 0.4332266 ASI tokens per OCEAN while 0.433350 ASI tokens per AGIX. The respective exchange rate will potentially experience no change.