Ocean Protocol Exits Artificial Superintelligence Alliance

The Ocean Protocol Foundation has announced its immediate withdrawal from the Artificial Superintelligence Alliance (ASI). According to a blog post, the foundation has also withdrawn its designated directors from the ASI, citing the main reason as securing independent tokenomics.

Ocean Protocol to Maintain Full Control of its Ecosystem

As a result, the OCEAN token will no longer be linked to FET (Fetch.ai’s native token) and can be re-listed independently on major crypto exchanges. This decision marks a major shift in Ocean Protocol’s strategy as it aims to redefine its token economics and maintain full control over its ecosystem.

Although Ocean Protocol did not provide many details, this move highlights a strong desire to preserve the unique utility of its token.

The ASI Alliance responded to the recent news about Ocean Protocol’s departure. In a post on X, ASI said, “Alignment is vital in any evolving partnership. Transitions are natural.” 

The ASI also affirmed that Ocean Protocol’s exit will not impact its main technology and that development is still strong. In other words, the founding teams will continue to work towards the same goals.

Meanwhile, Ocean Protocol’s choice to separate raises questions about the future of token collaborations and the challenges of managing shared ecosystems. It highlights the growing need for clear token strategies as projects grow and outline their long-term plans.

How Did the Artificial Superintelligence Alliance Come About  

In 2024, three industry giants, Fetch.ai, SingularityNET, and Ocean Protocol, proposed an agreement to merge their tokens. The merging paved the way for the creation of a unified AI token known as Artificial Superintelligence. 

Termed the Artificial Superintelligence Alliance, this merger signified a step towards harnessing the collective power of these platforms in advancing AI capabilities. This decision also underscores a strategic effort to consolidate resources and expertise, with the ultimate goal of accelerating progress in the AI field.

Notably, the ASI alliance aimed to catalyze breakthroughs in areas such as machine learning, decentralized data exchange, and autonomous agent technologies. At the time of the announcement, FET, AGIX, and OCEAN witnessed significant surges in their value.

Artificial Intelligence Can Help Simplify Law

Recall that Changpeng Zhao, the founder and former CEO of Binance, has called on governments worldwide to consider using AI. 

He said tools like large language models (LLMs) could help make laws more straightforward to understand. He added that they could also make legal systems more accessible to ordinary citizens.

According to Zhao, many people rely heavily on lawyers to understand simple legal documents or steps. He believes technology, especially artificial intelligence, can help fix this problem.

Meanwhile, it is no longer news that artificial intelligence is rapidly carving out a larger presence in the blockchain industry. As reported by TheCoinRise, AI-related on-chain activity has surged by 86% since January. The report also highlighted growing investor confidence in AI projects within the blockchain sector.