AGIX
Coinbase Won’t Support Upcoming AI Token Merger Between Fetch.ai, Ocean Protocol and SingularityNET
Published
2 days agoon
By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/06/coinbase-wont-support-fetch.jpg)
Top US exchange Coinbase is not going to facilitate the planned merger of multiple artificial intelligence altcoin projects into a single new crypto.
In an announcement via the social media platform X, Coinbase says that customers will have to initiate the merger on their own.
“Ocean (OCEAN) and Fetch.ai (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.”
In March, Fetch.ai (FET), Singularitynet (AGIX) and Ocean Protocol (OCEAN) announced a plan to merge with an aim to create the largest independent player in artificial intelligence (AI) research and development, which they are calling the Artificial Superintelligence Alliance (ASI).
The merger is happening in phases, beginning July 1st, according to a recent project update.
“Starting July 1, the token merger will temporarily consolidate SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into Fetch.ai’s FET, before transitioning to the ASI ticker symbol at a later date. This update enables an efficient execution of the token merger, and outlines the timelines and crucial steps for token holders, ensuring a smooth and transparent process.”
Coinbase says users can effect the merger on their own using their wallets.
“Once the migration has launched, users will be able to migrate their OCEAN and FET to ASI using a self-custodial wallet, such as Coinbase Wallet. The ASI token merger will be compatible with all major software wallets.”
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AGIX
Two AI-Related Crypto Assets Rally As OpenAI Launches Text-to-Video Artificial Intelligence Model
Published
4 months agoon
February 18, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/02/two-rally-text-video.jpg)
Two artificial intelligence (AI)-focused altcoins are surging as AI research firm OpenAI rolls out its new text-to-video project.
In a new thread, tech giant OpenAI announces the launch of Sora, a new model that can generate detailed high-definition videos based on text prompts.
“Introducing Sora, our text-to-video model. Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions.”
According to OpenAI’s website, Sora can also generate videos from still images.
News of the launch sent two AI-related digital assets – decentralized video streaming network Livepeer (LPT) and blockchain-based marketplace for AI services SingularityNET (AGIX) – skyrocketing.
LPT went from a February 15th low of $7.96 to a price of $14.64 just a day later, a staggering rise of 83.9%, while AGIX went from a February 15th low of $0.318 to a peak of $0.418, a gain of 31.4%, during the same time frame.
Both crypto assets have since retraced and are trading for $14.32 and $0.384 at time of writing, respectively.
In an accompanying announcement, Livepeer says it is striving to incorporate text-to-video technology in its network within the next few months as a part of its AI Video initiative, though no exact date or details were given.
“Today, OpenAI revealed their research progress on the Sora generative video AI model, with some impressive demonstrations. This helps show the world how powerful generative video can be, and progress on open models is moving faster than ever.
But generating these videos requires massive GPU (graphics processing unit) computing power, and can be expensive.
As part of Livepeer’s AI Video initiative, the community is working to bring these capabilities to the Livepeer network in the coming months, creating affordable and open access points to developers, creators, and users looking to do inspiring things with generative video.”
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