Artificial Superintelligence Alliance (FET)

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Historical price evolution of Artificial Superintelligence Alliance

Daily historical data. Updated automatically.

In 2017, Humayun Sheikh (founding investor of DeepMind before its acquisition by Google), Toby Simpson and Thomas Hain founded Fetch.ai in Cambridge (United Kingdom) with the objective of building a decentralised network of autonomous AI agents. That same year, two other key projects in the decentralised AI ecosystem began their operations: SingularityNET, founded by Dr. Ben Goertzel, AI pioneer and creator of Sophia AI, and Ocean Protocol, established by Trent McConaghy and Bruce Pon for decentralised data exchange.

In February 2019, Fetch.ai conducted its Initial Exchange Offering (IEO) of the FET token on Binance Launchpad, reaching the hard cap of 6 million USD in just 22 seconds. One year later, in January 2020, the company launched its mainnet, consolidating its core technological infrastructure.

The 27th March 2024 marked a decisive milestone when Fetch.ai, SingularityNET and Ocean Protocol announced their merger to create the Artificial Superintelligence Alliance (ASI), positioning itself as the world's largest independent open source AI foundation. The declared objective of the alliance was to build a decentralised alternative to AI controlled by big tech companies such as Google, Microsoft and OpenAI. The leadership was configured with Humayun Sheikh as chairman and CEO of Fetch.ai, Dr. Ben Goertzel as CEO of the alliance, and Trent McConaghy representing Ocean Protocol.

In April 2024, the Fetch.ai and SingularityNET communities voted in favour of the merger, with an anticipated combined capitalisation of 7,500 million USD. The token merger process began on 1st July 2024 in two phases, starting with the migration of AGIX and OCEAN to FET on Ethereum with specific ratios: 1 AGIX was equivalent to 0.433350 FET and 1 OCEAN to 0.433226 FET, whilst FET temporarily retained its original ticker.

In October 2024, CUDOS joined the alliance as a compute infrastructure partner. However, in October 2025, Ocean Protocol Foundation announced its withdrawal from the ASI Alliance "with immediate effect", although by that time 81% of the OCEAN supply had already migrated to FET and the alliance confirmed that the exit would not affect its technological stack. Finally, in December 2025, the alliance launched ASI:One, a personal AI agent orchestration platform, alongside Agentverse, an open source directory that registered more than 2 million agents.

The Artificial Superintelligence Alliance operates on Fetch.ai's blockchain infrastructure, which employs a Delegated Proof-of-Stake (DPoS) consensus mechanism to validate transactions and maintain network security. The FET token, which also trades under the ticker ASI on some exchanges, acts as the native fuel of the ecosystem: users utilise it to deploy autonomous AI agents, cover transaction fees and access services within the network. Additionally, the token enables participation in staking to contribute to protocol security and exercise governance rights in ecosystem decisions.

The technological core is based on Autonomous Economic Agents (AEAs), software entities designed to operate completely autonomously without human intervention. These agents can make decisions, execute transactions and act as digital representatives of people, devices or organisations. Users access these services through DeltaV, a platform that unifies multiple AI agents under an interface that accepts natural language commands, simplifying interaction with the decentralised ecosystem.

The architecture is complemented by ASI-1 Mini, the first native Web3 large language model, specifically optimised for workflows involving autonomous agents. The ecosystem expands its capabilities by integrating Ocean Protocol technology to facilitate decentralised data exchange and SingularityNET to provide distributed artificial intelligence services, creating a comprehensive infrastructure for decentralised AI applications.

Data verified against external sources. Some values may have changed since the last update.