SingularityNET, Salvage.ai, and Ocean Protocol originate FET token on Cardano

Dwelling » AI » SingularityNET, Salvage.ai, and Ocean Protocol originate FET token on Cardano

The alliance sees advantages in Cardano’s security, bustle, and worth-effectiveness for their mission.

SingularityNET, Salvage.ai, and Ocean Protocol, beneath the Artificial Superintelligence (ASI) Alliance, devour officially deployed the FET (ASI) token on the Cardano blockchain, as announced by the ASI Alliance this day.

The Alliance acknowledged they chose Cardano for its security, bustle, and low transaction charges. They accumulate Cardano’s robust infrastructure will support the building of ASI. The deployment is portion of the team’s mission to foster a decentralized and moral AI ecosystem.

“The low-fee, high bustle, high security and mathematical elegance of the Cardano infrastructure had been an inspiration to me for the explanation that early days of SingularityNET,” acknowledged Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance.

The FET token, now rebranded beneath the ASI ticker, is now a native Cardano token (CNT), offering enhanced functionality and integration all the procedure thru the Cardano ecosystem, the Alliance talked about. The commerce is portion of a broader approach to make stronger interoperability all the procedure thru essential blockchain networks.

The deployment of FET as a native Cardano token is nice the starting. The Alliance also announced plans to integrate extra Cardano aspects following the transfer.

These aspects consist of a disclose migration tool from CNT-AGIX to CNT-FET and an updated Ethereum-Cardano bridge to facilitate seamless FET transfers between these two networks.

The Alliance expects the upcoming instruments to pork up liquidity and accessibility of the FET token, encouraging broader adoption all the procedure thru the decentralized ecosystem.

“As we develop the ASI Alliance essentially based on its mission to steer the transition from this day’s AI applications to tomorrow’s Artificial Total Intelligence and then superintelligence, the Cardano native-asset version of the ASI token and Cardano variations of ASI tool instruments and platforms are envisioned to play an ongoing central role,” Goertzel commented on the combination.

The Alliance talked about that they are going to continue to ask builders, firms, and community contributors to explore and contribute to the rising decentralized AI network.

Earlier in March, Salvage.ai, SingularityNET, and Ocean Protocol announced their union beneath the Superintelligence Alliance as portion of a strategic transfer to carry out a decentralized and moral AI ecosystem.

The Alliance also agreed to merge their respective tokens to carry out a unified token (the ASI token) for their belief. The token merger officially commenced in July, as reported by Crypto Briefing.