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New Superintelligence Alliance Merges FET, AGIX, OCEAN Tokens


30 June, 2024

In a groundbreaking development within the artificial intelligence (AI) sector, three frontrunners of blockchain-based AI platforms – Fetch.ai, SingularityNET, and Ocean Protocol – have announced a strategic consolidation, evolving into the largest independent bloc in AI research and development. This ambitious conglomerate is set on charting a new path under the moniker “The Superintelligence Alliance.” The Alliance aspires not only to foster innovation but also to vigorously challenge the dominance of major tech companies in the technology sphere.

Embracing a collaborative front, the entities forming the Superintelligence Alliance share a collective vision – to democratize artificial intelligence and establish a decentralized paradigm that prioritizes accessibility and equity. “The Superintelligence Alliance represents a united front against the dominion exerted by big tech corporations over technology,” states a representative from Fetch.ai. The Alliance aims to revolutionize how AI is innovated, shared, and utilized, firmly planting its roots in the ethos of decentralization.

With an ambitious objective to rival the prowess of entrenched centralized competitors, the Alliance acknowledges the formidable resources required to triumph in such a competitive field. “The integration is not merely superficial; it encompasses the entire stack – from data management to AI agents, as well as the models and predictions driving the technology,” the Alliance’s representative explains. Combined, the collective expertise of these entities is poised to further the pursuit of creating both Artificial General Intelligence (AGI) and potentially, Superintelligence (ASI) – a significant leap forward in their bold quest to engineer decentralized AGI and ASI solutions.

In tandem with this collaborative venture, the introduction of a new universal token, aptly named Artificial Intelligence (ASI), is poised to play an instrumental role. The Alliance’s combined market value upon inception is an impressive $7.5 billion. Positioned theoretically at #20 on Coinmarketcap, the initiative begins with a cache of 2.631 billion tokens, valued at a starting price of $2.82, with FET as the benchmark currency.

The announcement of the merger led to an immediate and notable impact on the market; the respective tokens of all three participating companies experienced substantial growth. Ocean Protocol’s (OCEAN) token is currently trading at $1.45, marking an upswing of 5.90% over the past day. Meanwhile, Fetch.ai’s offering (FET) rose to $3.32, an increase of 7.36%, and SingularityNET’s token (AGIX) saw its value ascend to $1.40, up by 6.82%.

The alliance is not just a fusion of companies, but a fusion of ideals and technological prowess with the potential to pave the way for myriad AI applications, from AI images generator to AI text generator tools. Users can look forward to advancements in artificial intelligence generated images and various AI tools that are quickly becoming integral to both professional and personal digital landscapes. By pooling their resources, technologies, and insights, the combined might of this alliance offers promising potential to the latest AI news landscape.

The merger highlights an era where collaborations become crucial strategic decisions to enhance competitive advantage in the bustling AI sector. As the AI video generator market and similar creative and analytical tools continue to evolve, such alliances can fast-track innovation, driven by shared knowledge and decentralized governance. This move aims to guarantee these tools remain in the realm of public utility rather than under the tight grip of a few dominant players.

The AI landscape is renowned for its swift evolution and disruptive innovations. The Superintelligence Alliance, with its newly solidified standing and vision, will be closely watched as they forge ahead into the future of artificial intelligence. Stakeholders and enthusiasts in the AI space can anticipate further developments from this alliance as they endeavor to redefine the dynamics of AI creation and application in an ever-growing digital world.