The blockchain technology networks Fetch.ai,
SingularityNET, and Ocean Protocol recently merged their projects to create a
decentralized form of artificial intelligence (AI). According to a statement by Fetch.ai, this
collaboration aims to democratize access to AI technology while ensuring its benefits are equitably distributed.
Embracing Decentralization in AI
Named Superintelligence Alliance, the partnership is
driven by a shared vision of harnessing the potential of AI for the
benefit of humanity. Fetch.ai, SingularityNET, and Ocean Protocol plan to
merge their tokens into a single currency dubbed Artificial Superintelligence
($ASI). The trio has highlighted the need for decentralized control to prevent
AI from being monopolized by a few entities.
We are excited to announce a multi-billion token merger with @Fetch_ai and @oceanprotocol to create the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network, and accelerate the race to AGI. Learn more: https://t.co/zT8Q1HbkEv pic.twitter.com/2U3VbeFfW5
— SingularityNET (@SingularityNET) March 27, 2024
$ASI will be a universal AI token that aims to streamline
transactions within the alliance’s ecosystem and facilitate collaboration among
developers, researchers, and users. With a combined value of $7.5 billion, the
alliance aims to position itself as a formidable player in the AI industry.
Fetch.ai,
SingularityNET, and Ocean Protocol seek to create a decentralized ecosystem
where the development of AI is open, transparent, and inclusive by merging their resources and expertise. Dr. Ben Goertzel leads SingularityNET, while Humayun Sheikh and Trent McConaghy
spearhead Fetch.ai and Ocean Protocol, respectively.
Artificial Superintelligence
To ensure effective governance, the alliance will
establish a governing council comprising leaders from Fetch.ai, SingularityNET,
and Ocean Protocol. Community input will be solicited, with governance
proposals subject to approval by a majority of the leaders of the new project.
Last year, blockchain technology and the AI sector
experienced unprecedented growth. According to a report by Finance Magnates,
the convergence of AI and blockchain technology promises to revolutionize user
experiences and reshape the landscape of crypto and Web 3. The fusion of AI and blockchain enhances the personalization and optimization of crypto and Web 3.
User-centric design is crucial for bridging the gap between
users and technology in this sector. Platforms like Audius prioritize user
experience, allowing interaction with crypto technology for music
and art enthusiasts. By focusing on users’ needs and behaviors, user-centric
design enhances accessibility and adoption of this technology.
This article was written by Jared Kirui at www.financemagnates.com.
