Key points
- The ASI Alliance has launched the FET token on Cardano to promote a decentralized AI ecosystem.
- Improved tools, such as a direct migration tool and an Ethereum-Cardano bridge, are expected to be developed to improve the liquidity and accessibility of FET.
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SingularityNET, Fetch.ai, and Ocean Protocol, under the Artificial Superintelligence Alliance (ASI), have officially deployed the FET (ASI) token on the Cardano blockchain, the ASI Alliance announced today.
The Alliance said it chose Cardano for its security, speed, and low transaction costs. They believe Cardano’s robust infrastructure will benefit the development of artificial intelligence. The implementation is part of the team’s mission to foster a decentralized and ethical AI ecosystem.
“The low cost, high speed, maximum security and mathematical elegance of Cardano’s infrastructure have been an inspiration to me since the early days of SingularityNET,” said Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance.
The FET token, now rebranded with the ticker ASI, is now a native token of Cardano (CNT), offering improved functionality and integration within the Cardano ecosystem, the Alliance stated. The change is part of a broader strategy to improve interoperability between major blockchain networks.
The implementation of FET as Cardano’s native token is just the beginning. The Alliance also announced plans to integrate additional Cardano features following the move.
These features include a direct CNT-AGIX to CNT-FET migration tool and an upgraded Ethereum-Cardano bridge to facilitate seamless FET transfers between these two networks.
The Alliance hopes that the upcoming tools will improve the liquidity and accessibility of the FET token, encouraging broader adoption within the decentralized ecosystem.
“As we grow the ASI Alliance in line with its mission to lead the transition from today's AI applications to tomorrow's Artificial General Intelligence and then to superintelligence, the Cardano native asset version of the ASI token and Cardano versions of the ASI software tools and platforms are anticipated to play a continued central role,” Goertzel commented on the integration.
The Alliance stated that it will continue to invite developers, enterprises and community members to explore and contribute to the growing network of decentralized AI.
In early March, Fetch.ai, SingularityNET and Ocean Protocol They announced their union under the Superintelligence Alliance as part of a strategic move to develop a decentralized and ethical AI ecosystem.
The Alliance also agreed to merge their respective tokens to form a unified token (the ASI token) for their plan. Token Merger Officially Started in July, Crypto Briefing reported.
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