ASI Alliance Deploys New FET (ASI) Token on Cardano, Citing Superior Security and Efficiency

  • September 22, 2024
ASI Alliance Deploys New FET (ASI) Token on Cardano, Citing Superior Security and Efficiency
  • SingularityNET and Artificial Superintelligence Alliance present ASI token on Cardano, changing FET.
  • The ASI release consists of a migration tool and an Ethereum-Cardano bridge to cultivate adoption.
  • Ben Goertzel applauds Cardano’s facilities for its affordable and high security, boosting AI abilities.
  • The BNB and ASI cooperation concentrates on decentralised storage services, advancing information control for users.

Expert System (AI) and the crypto world continue to deepen their cooperation as both sectors progress. Just recently Coinbase revealed AI-to-AI deals– although this is not the very first of its kind– it’s the participation of big and widely known stars that gets attention.

Related: Arthur Hayes Closes Short Position, Expects Explosive Reversal in Bitcoin Price

Now, SingularityNET and the Artificial Superintelligence Alliance have actually simply released the native FET token (quickly to be relabelled ASI) on the Cardano blockchain. ASI is a current combine of SingularityNET, Fetch.ai and Ocean Protocol.

In a current post, the Zug, Switzerland and Singapore-based business mentioned that the relocation is advancing the production of a decentralised AI environment:

This marks a considerable turning point in the continuous objective to develop a decentralized and ethical AI community, now even more reinforced by Cardano’s innovative, safe facilities.

Synthetic Superintelligence Alliance

ASI Deployed on Cardano with Enhanced Interoperability

The FET token, now under the Artificial Superintelligence (ASI) banner, has actually changed the AGIX token as a native possession on the Cardano blockchain.

The declaration stated, “users can anticipate to see this shown in block explorers within a couple of days”, with a migration tool and an upgraded Ethereum-Cardano bridge presenting this September to assist in simple transfers and promote larger adoption throughout decentralised networks.

Ben Goertzel, CEO of SingularityNET and Artificial Superintelligence Alliance, talked about the advancement:

The low expense, high speed, leading security and mathematical beauty of the Cardano facilities have actually been a motivation to me considering that the early days of SingularityNET.

Ben Goertzel

The Alliance stated it has a continuous dedication to its collaboration with Cardano, intending to utilize blockchain innovation to advance Artificial Superintelligence in an available method. They welcome designers, services, and neighborhood members to engage with brand-new tools and add to the decentralised AI environment.

BNB and ASI Collaboration Furthers Decentralisation Efforts

Previously, in late August, BNB Chain and the SingularityNET Foundation revealed their partnership to improve blockchain and AI combination by establishing decentralised storage options.

This collaboration will incorporate SingularityNET’s AI facilities with BNB Greenfield to enhance information dependability and efficiency, concentrating on developing a decentralised information economy where users can manage and monetise their own information.

Related: Mastercard Enables Non-Custodial Crypto Wallets, Empowering Users to Be Their Own Bank

Goertzel stated the “failure of GenAI tools to inform truth from fiction” is a significant obstruction to mainstream adoption of Generative AI usage cases. The combination with BNB Greenfield is hoped to offer the needed information facilities and understanding chart combination to bypass these restrictions and satisfy a wider variety of application requirements.

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