CUDOS may join Fetch.ai, SingularityNET, and Ocean Protocol as member of ASI Alliance

Source: Crypto Briefing

The Artificial Superintelligence (ASI) Alliance, a collaborative initiative established by Fetch.ai, SingularityNET, and Ocean Protocol, may soon welcome CUDOS, a decentralized cloud computing platform, as its new member, as shared by the Alliance today.

The potential addition, subject to community approval, aims to boost the Alliance’s computing capabilities, the Alliance stated.

“This collaboration, pending community approval, will unlock unprecedented computing power and innovation potential, enabling us to build robust revenue models and capitalize on the equipment we’ve developed,” said Humayun Sheikh, CEO of Fetch.ai and chairman of the ASI Alliance.

“By joining forces, we are taking a crucial step towards the Alliance’s mission of achieving Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI), offering a viable alternative to centralized solutions and bringing us closer to realizing the full potential of a truly autonomous and profitable global ecosystem,” Sheikh noted.

The Alliance said that the integration of CUDOS could help it gain access to a vast pool of cutting-edge AI GPUs, including the latest Nvidia models. The move would greatly boost their processing power and unlock new possibilities for decentralized AI innovation.

CUDOS’s network of AI GPUs is also expected to complement the Alliance’s recent efforts to support large-scale AI applications.

CUDOS’ model provides several advantages over centralized cloud providers, according to the Alliance. It’s more scalable, cost-effective, and resilient thanks to its network of independent suppliers. The team believes these will translate to increased efficiency, reduced risks, and greater flexibility for the Alliance.

“The Artificial Superintelligence Alliance is the largest AI blockchain alliance, and CUDOS is the most advanced real-world and blockchain computer network; together we have an unprecedented opportunity to build the largest vertically integrated decentralized AI technology stack,” Matt Hawkins, founder of CUDOS, stated.

“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,” he added.

Token merger details and community vote

As noted in the announcement, the proposed merger of CUDOS tokens into the Alliance’s FET token requires approval from both the ASI and CUDOS communities. Voting commences on September 19, 2024, and concludes on September 24, 2024.

If approved, CUDOS could merge its CUDOS token with the Alliance’s ecosystem token, ASI, at a ratio of 112.427 CUDOS to 1 FET, with a 5% token merger fee. The average price used for the conversion will be calculated over a 30-day period.

After the merger, FET tokens will be vested over time: public holders will receive theirs in 3 months, while the treasury will get its portion over 10 months, as detailed by the Alliance.

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Author: Vivian Nguyen