Tech
The worlds of artificial intelligence and cryptocurrency merge to become “artificial superintelligence.”
What if artificial intelligence combined with cryptocurrency? The answer would perhaps be the future of everything.
This year Apple has fixed several security issues on its devices
One of these the merger actually happened earlier this weekwhen blockchain networks Fetch.ai, SingularityNET, and Ocean Protocol merged their tokens into one and created an alliance for decentralized artificial intelligence — or “ASI,” short for “artificial superintelligence.”
Their partnership aims to provide an alternative to The growing control of tech giants over the artificial intelligence sector.
Here’s what to know.
What is the purpose of the alliance?
All three blockchain networks will continue to operate as before, but the new agreement will allow the platforms to collaborate to create decentralized blockchain-based AI protocols, which cannot be controlled by large stakeholders or centralized entities. The goal is to provide a valid alternative to Tech giants’ control over artificial intelligence development, use and monetization.
to know more: Big Tech is swallowing up AI
Fetch.AI is a blockchain network that provides tools to create innovative AI apps and services. Its native token is FET. Ocean Protocol is a blockchain-based marketplace that serves as a bridge between data providers and data consumers, and its native token is OCEAN. SingularityNET, on the other hand, offers a blockchain-based AI marketplace, and its native token is AGIX.
The tokens are up nearly 30% in a week
According to the cryptocurrency tracking site CoinGeckoFetch.ai’s FET token has a market capitalization of $3.3 billion. This is followed by SingularityNet’s AGIX token, with a market capitalization of $1.7 billion, and Ocean Protocol’s token (OCEAN), with a market capitalization of $856 million. The merger will bring the new ASI token to a fully diluted valuation of $7.5 billion.
Over the past seven days, FET shares are up 28%, AGIX shares are up 31%, and OCEAN shares are up 28%.
From chip to blockchain, artificial intelligence is everywhere
In recent years, artificial intelligence has gained widespread acceptance across all sectors of technology. Microsoft, Amazon, Google, Apple: everyone is betting on AI. As blockchain companies strive to make data more decentralized and transparent, it’s no wonder they want to join the AI space.