Share this article
Fetch.ai, SingularityNET, Ocean Protocol Set Date for Artificial Superintelligence Alliance Token Merger
The three AI platforms will complete the token merger on June 13, and FET will be renamed ASI two days before.
Updated May 29, 2024, 5:00 p.m. Published May 29, 2024, 2:17 p.m.
Make us preferred on Google
In this article
- The three firms will merge their crypto tokens under the auspices of AI-focused Web3 platform Fetch.ai's FET, which will be renamed ASI.
- AI has captured the attention of the technology world for the last year and a half, with concerns aired that tech giants like Microsoft, Alphabet and Meta will establish a hegemony over the sector.
The three-way merger of the crypto tokens of artificial intelligence-focused protocols Fetch.ai, SingularityNET and Ocean Protocol will complete on June 13.
The tokens will become one under the auspices of AI-focused Web3 platform Fetch.ai's , which will be renamed ASI, for Artificial Superintelligence Alliance. As of June 11, users will be able to swap FET for ASI, with the native tokens of SingularityNET and Ocean Protocol following when the merger completes two days later, the firms said on Wednesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
AI has captured the attention of the technology world for the last year and a half, with concerns aired that tech giants like Microsoft (MSFT), Alphabet (GOOG) and Meta (META) will establish a hegemony over the sector. That's partly what spurred the Web3 companies to try to build a decentralized AI infrastructure, where data is transparent and shared openly between contributors.
The three individual tokens are all up over 2% in the last 24 hours, according to CoinMarketCap data. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20) has dropped around 0.55%.
Read More: The Future of AI Is Decentralized
CORRECTION (May 29, 15:14 UTC): Companies correct that the merger date applies only to token.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Crypto custody firm Copper in early talks for IPO as crypto 'plumbing' becomes new Wall Street favorite
The London-based custody provider is weighing a potential public listing, aiming to follow rival BitGo's recent IPO.
What to know:
- Copper is evaluating a public listing, though a final decision will hinge on near-term revenue targets, according to sources.
- Goldman Sachs, Citi and Deutsche Bank are said to be among the investment banks potentially involved.
- The move follows the $2 billion IPO of competitor BitGo last week, signaling a market shift away from speculative tokens toward the financial plumbing of digital assets.
