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The SingularityNET, Fetch.ai, and Ocean Protocol-led, Artificial Superintelligence Alliance, have announced the first-ever token launch in the AI space, combining the AGIX, OCEAN, and FET tokens into a new token.

This merger is predicted to establish a fully decentralized AI platform and aim to improve overall organizational efficacy in using AI while adhering to the most transparent and ethical AI advancement criteria.

Together, Fetch.ai, SingularityNET (AGIX), and Ocean Protocol comprise the Artificial Super Intelligence (ASI) Alliance. The alliance seeks to expedite the development of decentralized Artificial General Intelligence (AGI) and, eventually, Artificial Superintelligence (ASI) as the largest open-sourced, independent body in AI research and development.

The alliance's three technological partners will produce products using each project's unique ecosystem-specific features to ensure ethical AI development.

Notably, on July 1, 2024, the three tokens will unite as part of phase one of the project. There will be no disruption to FET trading after the merger. In the meantime, exchanges will begin to delist the current AGIX and OCEAN tokens.

For a seamless transaction during the ASI's rebranding process on all major and minor cryptocurrency platforms, the first phase will concentrate on data aggregator websites and exchanges.

The second phase will concentrate on ASI and community development. Migration contracts for the unconverted tokens across several blockchains will be accessible during this period.

Additionally, during the next upgrade, all FET mainnet tokens will automatically adhere to ASI. The duration of this process is set for several years to provide users and investors enough time to convert their holdings.

Though not very sensitive to broader market news, AI Coins and the segment pick industry-based news to find bullish or bearish signals. The recent rise in Nvidia's market cap, as previously reported by Bankless Times, was an excellent example of this.

Bullish momentum and investor confidence are becoming increasingly crucial for AI-powered cryptocurrencies. Digital assets like AI coins use artificial intelligence to enhance blockchain networks' user experience, security, and scalability.

While a lack of explanations and erratic trading have kept AI currencies volatile, investors should soon recognize today's news as an additional bullish signal, which might drive up the value of many AI coins. This, together with substantial industrial expansion, will be crucial in boosting the bullish momentum of AI coins in the short term.

See the article here:

AI Coin Price: Will Artificial Superintelligence Alliance Have Bullish Impact? - Bankless Times