- Artificial Superintelligence Alliance revealed a proposal for a merger with CUDOS
- The native token of CUDOS, an AI computing platform, will convert to FET if the proposal passes a community vote
The Artificial Superintelligence (ASI) Alliance proposes to merge the alliance with CUDOS, a decentralized physical infrastructure network (DePIN) platform.
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 Alliance proposes CUDOS merger
ASI Alliance announced the merger proposal on September 11, while the CUDOS team also posted it 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 ASI 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,” said Matt Hawkins, founder of CUDOS.
“By leveraging CUDOS’ powerful computing network within the ASI framework, we’re setting the stage for ground-breaking advancements in AI that will redefine the future of technology and pave the way for decentralized AGI and ASI.”
By merging with CUDOS, the ASI Alliance will significantly boost its computing power by gaining access to thousands of the latest AP GPUs, including the latest Nvidia Blackwell GB200’s, according to the announcement.
The AI infrastructure available could also be accessed at around 50% of the cost of Amazon’s AWS.
CUDOS token migration
If both the CUDOS and ASI communities pass the proposal in a vote set from 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.
The post Artificial Superintelligence Alliance proposes merger with CUDOS appeared first on CoinJournal.
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