Rising almost 12% in the last 24 hours, the native token of CUDOS, a distributed artificial intelligence computing platform, peaked at $0.01 before running across opposition.
The price surge tracked the September 11 announcement of a suggested combination between the Token and the recently established Artificial Superintelligence Alliance (ASI).
Designed from the combination of SingularityNET, Fetch.ai, and Ocean Protocol, ASI indicated interest in including the Token into its AI computing environment. Approval of both project communities is required for the merger, a governance vote is set for September 19–24, 2024.
CUDOS Aims For AI Dominance
Founder of CUDOS Matt Hawkins said that the possible merger might contribute to create the “largest vertically integrated decentralized AI technology stack” worldwide.
With about half the cost of established companies like Amazon AWS, CUDOS now gives consumers access to high-performance AI infrastructure like NVIDIA’s H100 GPUs, therefore providing blockchain-based solutions a competitive edge.
Should it be allowed, the combination would open the path for developments in artificial general intelligence (AGI). Under the agreement, The tokens will change to FET tokens from Fetch.ai at a ratio of 112.427:1 FET with a 5% merger fee, therefore producing an effective rate of 118.344:1.
This will boost the supply of FET by more than 88.9 million tokens. The blockchain of CUDOS will remain functional throughout the merger process; migration will start should the community support the idea.
