SingularityNET, Fetch.ai, and Ocean Protocol launch FET token on Cardano

Key Takeaways

The ASI Alliance has launched the FET token on Cardano to advertise a decentralized AI ecosystem.
Enhanced instruments like a direct migration instrument and an Ethereum-Cardano bridge are set to enhance FET’s liquidity and accessibility.

SingularityNET, Fetch.ai, and Ocean Protocol, underneath the Synthetic Superintelligence (ASI) Alliance, have formally deployed the FET (ASI) token on the Cardano blockchain, as introduced by the ASI Alliance in the present day.

The Alliance mentioned they selected Cardano for its safety, velocity, and low transaction prices. They consider Cardano’s sturdy infrastructure will profit the event of ASI. The deployment is a part of the crew’s mission to foster a decentralized and moral AI ecosystem.

“The low price, excessive velocity, high safety and mathematical class of the Cardano infrastructure have been an inspiration to me because the early days of SingularityNET,” mentioned Ben Goertzel, CEO of SingularityNET and the Synthetic Superintelligence Alliance.

The FET token, now rebranded underneath the ASI ticker, is now a local Cardano token (CNT), providing enhanced performance and integration throughout the Cardano ecosystem, the Alliance acknowledged. The change is a part of a broader technique to reinforce interoperability throughout main blockchain networks.

The deployment of FET as a local Cardano token is just the start. The Alliance additionally introduced plans to combine further Cardano options following the transfer.

These options embody a direct migration instrument from CNT-AGIX to CNT-FET and an up to date Ethereum-Cardano bridge to facilitate seamless FET transfers between these two networks.

The Alliance expects the upcoming instruments to enhance liquidity and accessibility of the FET token, encouraging broader adoption throughout the decentralized ecosystem.

“As we develop the ASI Alliance in accordance with its mission to steer the transition from in the present day’s AI purposes to tomorrow’s Synthetic Normal Intelligence after which superintelligence, the Cardano native-asset model of the ASI token and Cardano variations of ASI software program instruments and platforms are envisioned to play an ongoing central function,” Goertzel commented on the mixing.

The Alliance acknowledged that they are going to proceed to ask builders, companies, and neighborhood members to discover and contribute to the rising decentralized AI community.

Earlier in March, Fetch.ai, SingularityNET, and Ocean Protocol introduced their union underneath the Superintelligence Alliance as a part of a strategic transfer to develop a decentralized and moral AI ecosystem.

The Alliance additionally agreed to merge their respective tokens to type a unified token (the ASI token) for his or her plan. The token merger formally commenced in July, as reported by Crypto Briefing.