SingularityNET, Fetch.ai and Ocean Protocol Launch FET Token on Cardano

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SingularityNET, Fetch.ai and Ocean Protocol in the Artificial Superintelligence (ASI) Alliance have officially implemented the FET (ASI) token on the Cardano blockchain, as the ASI Alliance announced today.

The alliance said it chose Cardano for its security, speed and low transaction costs. They believe that Cardano’s robust infrastructure will benefit the development of ASI. The implementation is part of the team’s mission to promote a decentralized and ethical AI ecosystem.

“The low cost, high speed, state-of-the-art security and mathematical elegance of the Cardano infrastructure have been an inspiration to me since the inception of SingularityNET,” said Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance.

The FET token, now rebranded under the symbol ASI, is now a Cardano Native Token (CNT), offering improved functionality and integration into the Cardano ecosystem, the Alliance said. The change is part of a larger strategy to improve interoperability between major blockchain networks.

The implementation of FET as a native Cardano token is just the beginning. The alliance also announced plans to integrate additional Cardano features after the move.

These features include a direct migration tool from CNT-AGIX to CNT-FET and an updated Ethereum-Cardano bridge to facilitate seamless FET transfers between these two networks.

The alliance expects future tools to improve the liquidity and accessibility of the FET token, encouraging wider 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 native Cardano asset version of the ASI token and Cardano versions of tools and platforms are expected ASI software. to play an ongoing central role,” Goertzel commented on the integration.

The alliance said it will continue to invite developers, companies and community members to explore and contribute to the growth of the decentralized AI network.

In early March, Fetch.ai, SingularityNET and Ocean Protocol 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. The token merger officially began in July, as reported by Crypto Briefing.

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