Outside Source
- Artificial Superintelligence Alliance revealed a proposal for a merger with CUDOS.
- The native token of CUDOS, an AI compute platform, will convert to FET if proposal passes a community vote.
The Artificial Superintelligence Alliance has announced a proposal seeking to merge the alliance with decentralized physical infrastructure network (DePIN) platform CUDOS.
SingularityNET, Fetch.ai, and Ocean Protocol merged into one entity under the ASI alliance, and the new development means CUDOS will join as a non-founding member.
ASI proposes CUDOS merger
ASI announced the merger proposal on Sept. 11, while the CUDOS team also posted this on their X account.
📢 ATTENTION! HUGE NEWS INCOMING 📢
CUDOS and the Artificial Superintelligence Alliance (@ASI_Alliance) propose a game-changing strategic token merger to propel AI research and development 🔎
CUDOS, a leader in distributed AI computing, is set for a landmark token merger with… https://t.co/C2V0h28urD
— CUDOS (@CUDOS_) September 11, 2024
Details of the proposal include the assertion that the distributed AI computing provider will be a crucial addition to the ASI Alliance.
Notably, its says CUDOS, which taps into blockchain to offer scalable, cost-efficient and flexible cloud AI services, will help the Artificial Superintelligence Alliance’s quest to become a leader in artificial general intelligence (AGI).
“This partnership is not just about combining our resources; it’s about creating a seamless ecosystem where AI and blockchain technology can thrive together, pushing the boundaries of what decentralized AI can achieve. By leveraging CUDOS’ powerful computing network within the ASI framework, we’re setting the stage for groundbreaking advancements in AI that will redefine the future of technology and pave the way for decentralized AGI and ASI,” said Matt Hawkins, founder of CUDOS.
CUDOS token migration
If both CUDOS and ASI communities pass the proposal in a vote set for September 19 to September 24, 2024, then the CUDOS token will convert to Artificial Superintelligence Alliance’s token (FET).
According to details in the announcement, the CUDOS to FET conversion ratio will be 112.427:1. A 5% merge fee will be applied to bring it to roughly 118.344:1.
The price of CUDOS token rose sharply after the news, reaching highs of $0.01 before paring gains. CUDOS’ daily trading volume was up 113% to over $1.2 million at the time of writing.
This article first appeared at CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison
