The recent $7.5 billion token merger of fetch.ai (FET), AGIX, and Ocean Protocol (OCEAN) communities to form the Artificial Superintelligence Alliance (ASI) is seen as a significant development by many blockchain developers, highlighting the growing connection between cryptocurrency and AI.
While some view the merger as a positive step towards reducing friction and enhancing collaboration, others have expressed concerns about centralization. Julian Peh, CEO of Web3 AI base layer Kip Protocol, warned of the emergence of monopolies in the AI sector in recent years.
Peh emphasized the need for individuals to reclaim ownership rights in the AI-powered future, as current trends could lead to a scenario where people have no economic participation rights. He founded Kip to create decentralized AI infrastructure tools for blockchain developers, promoting a fair and competitive AI ecosystem where different entities own and develop models, apps, and datasets.
In discussing the mechanisms within the KIP Protocol for revenue sharing among app developers, model trainers, and data producers, Peh explained that users pay a total price-per-query based on the contributions of each party. This system allows for individual pricing while enabling market forces to dictate competitive pricing strategies.
Humayun Sheikh, chairman of the Artificial Superintelligence Alliance and CEO of Fetch.ai, highlighted the revenue potential of the $7.5 billion protocol, noting plans to generate income through the launch of the agentic network and the deployment of commercial products to enhance AI applications.
In conclusion, the merger of these communities into the Artificial Superintelligence Alliance signifies a significant step towards integrating blockchain technology and artificial intelligence, paving the way for innovative advancements in the field.