According to Odaily, Fetch.ai, SingularityNET, and Ocean Protocol, entities in the decentralized artificial intelligence sector, announced plans to complete the merger of the Artificial Super Intelligence (ASI) alliance before June 2024. This merger will unify the native tokens of these AI-centric protocols into the ASI token, with a total supply of 26.3055 billion tokens. As of May 28, the market value of the new token was $58 billion.
Owners of FET tokens can migrate to ASI through a token migration contract before June 11. Similarly, holders of SingularityNET's AGIX and Ocean Protocol's OCEAN tokens can exchange their tokens before June 13. The merger is expected to be completed within three months after the initial proposal is put forward.