Artificial Superintelligence Alliance

FET is the token of the Artificial Superintelligence Alliance, an initiative formed in April 2024 that merged three established AI-focused crypto projects: SingularityNET, Fetch.ai, and Ocean Protocol, with CUDOS joining shortly afterward as a network member.

The merger was carried out through a community-approved tokenomic consolidation in which the existing AGIX, FET, and OCEAN tokens were combined into a single token under the FET ticker. That made it one of the larger consolidations in the sector and created a combined entity focused on decentralized artificial general intelligence.

What each component contributes

Fetch.ai, which originated the FET token with a genesis date of 25 February 2019, built infrastructure for autonomous economic agents that can negotiate and transact on a user's behalf. SingularityNET provided a marketplace where AI services can be published and consumed by other services or agents. Ocean Protocol contributed tooling for sharing and monetizing data while preserving control over it.

Together these cover agents, services, and data, which the alliance frames as the components needed for an open alternative to AI development concentrated in a small number of large companies.

Supply

FET has a maximum supply of 2,714,384,546 tokens, all issued as total supply, with roughly 2.23 billion circulating. The figure reflects the combined supply after the three-token merger rather than the original Fetch.ai supply.

The alliance describes itself as the largest open-source initiative dedicated to decentralized AGI. Assessing it is difficult because the goal is long-term and the measurable output is spread across three formerly independent codebases, so current development activity across those projects is a more useful indicator than the alliance's stated ambition.