Hassan Maishera
The SingularityNET team announced via X on Tuesday that AGIX token holders have approved the Artificial Superintelligence (ASI) Alliance proposal. The approval will result in the conversion of existing AGIX, FET and OCEAN tokens into the new $ASI token. The total supply of $ASI will then be 2,630,547,141 tokens, composed of 866,700,367 allocated to AGIX tokens, 1,152,997,575 allocated to FET tokens and 610,849,199 to OCEAN tokens.
According to SingularityNET, the Superintelligence Alliance will enable massive synergies beyond what could be achieved by the three projects working side-by-side in a loose partnership.
SingularityNET believes today’s AI tools are "fragmented" by closed-development environments. It aims to build a "protocol for connecting AI and machine learning tools, as well as forming effective applications". AGIX, the native token of SingularityNET, is trading at $0.85349, up by 5% in the last 24 hours.
