Recently, the blockchain technology networks Ocean Protocol, SingularityNET, and Fetch.ai combined their efforts to develop a decentralized artificial intelligence (AI). This partnership attempts to ensure that the advantages of AI technology are shared fairly while democratizing access to it, according to a statement released by Fetch.ai.
Using AI to encourage Decentralization
The collaboration, known as the Superintelligence Alliance, is motivated by a common goal of utilizing AI to advance humankind. The tokens of Fetch.ai, SingularityNET, and Ocean Protocol are going to combine to form Artificial Superintelligence ($ASI), a single currency. The three have emphasized the necessity of decentralized control in order to keep a small number of entities from monopolizing AI.
We are excited to announce a multi-billion token merger with @Fetch_ai and @oceanprotocol to create the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network, and accelerate the race to AGI. Learn more: https://t.co/zT8Q1HbkEv pic.twitter.com/2U3VbeFfW5
— SingularityNET (@SingularityNET) March 27, 2024
With the goal of streamlining transactions inside the alliance's ecosystem and promoting cooperation between developers, researchers, and consumers, $ASI will be a global AI token. With a combined worth of $7.5 billion, the coalition wants to establish itself as a major force in the artificial intelligence market.
By combining their resources and knowledge, Fetch.ai, SingularityNET, and Ocean Protocol aim to establish a decentralized ecosystem where AI development is transparent, inclusive, and open. SingularityNET is led by Dr. Ben Goertzel, while Trent McConaghy and Humayun Sheikh are in charge of Ocean Protocol and Fetch.ai, respectively.
Artificial Superintelligence
The partnership will form a governing council with representatives from Ocean Protocol, SingularityNET, and Fetch.ai to guarantee efficient governance. Feedback from the community will be requested, and recommendations for governance will need to be approved by the majority of the new project's leaders.
Blockchain technology and the AI industry saw unheard-of growth last year. A report published by Finance Magnates claims that the combination of blockchain technology and artificial intelligence (AI) will transform user experiences and change the Web 3 and cryptocurrency landscapes. Blockchain and AI together improve Web 3 and cryptocurrency personalization and optimization.
User-centric design is crucial for bridging the gap between users and technology in this sector. Platforms like Audius prioritize user experience, allowing interaction with crypto technology for music and art enthusiasts. By focusing on users' needs and behaviors, user-centric design enhances accessibility and adoption of this technology.
