{"id":412639,"date":"2024-04-16T18:23:15","date_gmt":"2024-04-16T17:23:15","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=412639"},"modified":"2024-04-16T18:23:34","modified_gmt":"2024-04-16T17:23:34","slug":"fetch-ai-singularitynet-and-ocean-protocol-planned-7-5-billion-asi-token-to-launch-by-may","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/fetch-ai-singularitynet-and-ocean-protocol-planned-7-5-billion-asi-token-to-launch-by-may\/","title":{"rendered":"Fetch.ai, SingularityNET, and Ocean Protocol&#8217;s planned $7.5 billion ASI token to launch in May"},"content":{"rendered":"<p>The Artificial Superintelligence Alliance (ASI), comprising Fetch.ai (<a href=\"https:\/\/cryptoslate.com\/coins\/fetch\">FET<\/a>), SingluarityNET (<a href=\"https:\/\/cryptoslate.com\/coins\/singularitynet\">AGIX<\/a>),\u00a0and Ocean Protocol (<a href=\"https:\/\/cryptoslate.com\/coins\/ocean-protocol\">OCEAN<\/a>), said the highly anticipated ASI token will be launched in May.<\/p>\n<p>In an April 16 <a href=\"https:\/\/fetch.ai\/blog\/artificial-superintelligence-alliance-token-merger-approved-asi-launch-set-may-24\">statement<\/a>, the Alliance stated that the ASI token would merge the native digital assets of the three decentralized artificial intelligence protocols and rank\u00a0among the top 20 cryptocurrencies, boasting an estimated $7.5 billion market capitalization.<\/p>\n<h2>ASI token<\/h2>\n<p>According to the merger terms, FET will be rebranded as ASI, with a token supply of 2.63 billion. The native tokens of SingularityNET and Ocean Protocol would also be migrated to ASI, with conversion rates of 0.433350:1 and 0.433226:1, respectively.<\/p>\n<p>This development arrived nearly a month after the initial proposal was <a href=\"https:\/\/cryptoslate.com\/3-top-ai-projects-surge-over-30-following-rumors-of-token-merge-report\/\">unveiled<\/a>. The <a href=\"https:\/\/cryptoslate.com\/fetch-ocean-singularitynet-tokens-merge-into-single-asi-token-with-7-6-billion-market-cap\/\">merger was proposed<\/a> to bolster artificial intelligence growth and expedite investments in Artificial General Intelligence (AGI). Additionally, the merger aims to disrupt the dominance of big technological companies in AI technology development and commercialization.<\/p>\n<p>Dr. Ben Goertzel, Founder and CEO of SingularityNET, views the merger as a stride towards democratizing AI development.<\/p>\n<p>Meanwhile, Humayun Sheikh, chairman of the Artificial Superintelligence Alliance and CEO of Fetch.ai, said:<\/p>\n<blockquote><p>&#8220;This marks the beginning of a new chapter in AI development, where our collective efforts will drive progress towards decentralized AGI and ASI.&#8221;<\/p><\/blockquote>\n<h2>AI among leading crypto narratives<\/h2>\n<p>CoinGecko's <a href=\"https:\/\/www.coingecko.com\/research\/publications\/most-profitable-crypto-narratives\">report<\/a> highlighted AI as one of the dominant narratives within the crypto industry during the first quarter of this year.<\/p>\n<p>The sector experienced remarkable growth, boasting a staggering 222.0% in returns. Large-cap AI tokens led the charge, with AIOZ Network soaring by 480.2% and Fetch.ai by 378.3%.<\/p>\n<p>Even the comparatively underperforming OriginTrail delivered a solid return of around 75% \u2014 highlighting the widespread interest in AI within the crypto community.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Artificial Superintelligence Alliance (ASI), comprising Fetch.ai (FET), SingluarityNET (AGIX),\u00a0and Ocean Protocol (OCEAN), said the highly anticipated ASI token will be launched in May. In an April 16 statement, the Alliance stated that the ASI token would merge the native digital assets of the three decentralized artificial intelligence protocols and rank\u00a0among the top 20 cryptocurrencies, [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":412642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78326,76736],"tags":[78355,78354],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fetch.ai, SingularityNET, and Ocean Protocol&#039;s planned $7.5 billion ASI token to launch in May<\/title>\n<meta name=\"description\" content=\"The ASI token, created from the merger of three AI crypto projects, is expected to launch in May.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/fetch-ai-singularitynet-and-ocean-protocol-planned-7-5-billion-asi-token-to-launch-by-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fetch.ai, SingularityNET, and Ocean Protocol&#039;s planned $7.5 billion ASI token to launch in May\" \/>\n<meta property=\"og:description\" content=\"The ASI token, created from the merger of three AI crypto projects, is expected to launch in May.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/fetch-ai-singularitynet-and-ocean-protocol-planned-7-5-billion-asi-token-to-launch-by-may\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T17:23:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-16T17:23:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/04\/ai-brain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/fetch-ai-singularitynet-and-ocean-protocol-planned-7-5-billion-asi-token-to-launch-by-may\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/fetch-ai-singularitynet-and-ocean-protocol-planned-7-5-billion-asi-token-to-launch-by-may\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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