The information about Artificial Superintelligence Alliance (FET) token is as follows: The FET token is the native cryptocurrency of the Artificial Superintelligence Alliance (ASI), a collaborative initiative formed by the merger of three AI-focused blockchain projects: Fetch.ai, SingularityNET, and Ocean Protocol. Initially launched on the Ethereum blockchain as an ERC-20 token by Fetch.ai in 2019 via an Initial Exchange Offering (IEO) on Binance, FET has since evolved into the unified token of the ASI Alliance following the merger completed in 2024. The alliance aims to accelerate the development of decentralized Artificial General Intelligence (AGI) and ultimately Artificial Superintelligence (ASI), positioning itself as the largest open-source, independent entity in AI research and development. The total supply of FET is capped at approximately 2.63 billion tokens, with the merger integrating SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into FET at fixed conversion rates of 1 AGIX to 0.433350 FET and 1 OCEAN to 0.433226 FET.

FET serves as a utility token within the ASI ecosystem, enabling access to a wide range of decentralized AI services and infrastructure. It powers autonomous AI agents, data exchange, and compute resources, such as those provided by CUDOS, a decentralized cloud computing network that joined the alliance. Originally developed by Fetch.ai, founded in 2017 by Toby Simpson, Humayun Sheikh, and Thomas Hain in Cambridge, U.K., the token supports a permissionless, decentralized machine learning network. This network features a technology stack with four key components: the Digital Twin Framework for building modular AI agents, the Open Economic Framework for search and discovery, the Digital Twin Metropolis for immutable smart contract records, and the Fetch.ai Blockchain, which integrates multi-party cryptography and game theory for secure consensus. While FET began on Ethereum, the alliance has expanded its scope, with plans to operate across multiple blockchains, including a transition to a native ASI network, though Ethereum remains its foundational chain.

The ASI Alliance emphasizes decentralization, transparency, and security, aiming to democratize AI technology and challenge centralized tech giants. FET is used for payments within the ecosystem, such as accessing AI tools via the TARS AI Hub, staking for network validation, and facilitating the Compute network, which offers unthrottled processing power. The alliance also focuses on revenue generation, with profits from its stack intended to fund token burns to reduce supply over time. Additional initiatives include the TARS Acceleration Program for AI startups, cross-chain interoperability via the Ethereum Virtual Machine (EVM) and other bridges, and applications in DeFi, transportation, energy, and data markets. Backed by a governing council led by figures like Humayun Sheikh and Ben Goertzel, the project combines Fetch.ai’s agent-based infrastructure, SingularityNET’s AI marketplace, and Ocean Protocol’s data-sharing capabilities into a unified, open ecosystem accessible to developers and users globally.