The ASI token, a new cryptocurrency created through a merger between SingularityNET, Ocean Protocol, and Fetch AI, will be available on the Cardano network, among other blockchains. This announcement comes as the three projects join forces to launch the Artificial Superintelligence Alliance (ASI).
With a combined value of $7.5 billion, the merger has sparked interest in which blockchain will host the ASI token. SingularityNET CEO Ben Goertzel has confirmed that the token will be accessible on Cardano, Ethereum, Fetch AI layer 1, and Hypercycle. This decision is significant as it will impact the token’s accessibility and usability across decentralized applications.
Notably, Cardano’s inclusion as a host blockchain highlights its growing influence in the industry. Despite previous criticisms, Cardano’s recognition in the AI and crypto space demonstrates its leadership position and potential. While it remains to be seen how this adoption will affect Cardano’s ADA token or attract more users, it enhances Cardano’s reputation within the crypto community.
It is important to note that this article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.