The ASI Alliance is a group of three organizations that joined forces to create a decentralized super-intelligent AI.
The three organizations in the alliance are:
- SingularityNET: A decentralized marketplace for AI services, aiming to create Artificial General Intelligence (AGI). Think “ChatGPT that can do anything” built and governed decentralized.
- Fetch.ai: A platform enabling autonomous agents (specialized AI helpers) to perform tasks and create a decentralized AI-driven economy.
- Ocean Protocol: A protocol for securely sharing and monetizing data, crucial for ethically training AI models.
They joined forces in April this year, and plan to launch the ASI token soon. Currently, the FET token is the official token.
I personally hold FET. Become a Premium Investor to get notified when I sell it and get a monthly breakdown of my portfolio.
The Problem
The A.S.I Alliance is addressing a critical problem:
The centralization of Artificial Superintelligence (ASI) in the hands of a few powerful entities, such as Big Tech companies or governments.
The risks of centralized AI are many. Here are a few that The A.S.I Alliance mentions in the whitepaper:
- Surveillance and Privacy Invasion: Centralized entities could use powerful AI systems to enhance surveillance capabilities, infringing on individuals’ privacy and potentially leading to mass surveillance without public consent.
- Manipulation and Control: AI could be used to manipulate information, influence public opinion, and control societal behaviors on a large scale, further concentrating power in the hands of a few.
- The weaponization of AI: The military or governments could develop and deploy AI systems for autonomous weapons, leading to escalated conflicts and ethical dilemmas regarding the use of AI in warfare.
- Economic Inequality: Centralized AI could worsen economic disparities by leaving large segments of the population without access to the benefits of AI.
I have to say, these are real problems that I often reflect on myself.
Let’s see how The Alliance aims to solve them:
The Solution
To solve this problem, the ASI Alliance has five main focuses:
- Decentralized AI Development: Ensuring that the creation of ASI is spread across a global network, preventing any single entity from controlling it.
- Open and Transparent Systems: Building AI as open-source, allowing for global participation and ethical oversight.
- Community Governance: Implementing a democratic process where AI development decisions are made collectively by a diverse group of stakeholders.
- Decentralized Computing Power: Building a large-scale, decentralized infrastructure to power AI, reducing reliance on centralized data centers.
- Ethical AI Applications: Focusing on creating AI tools that benefit society, such as in healthcare and education, to guide ASI development toward positive outcomes.
In simple terms, the ASI Alliance wants to democratize not only access, but also ownership and governance of AI.
But Does it work…?
I began by testing “DeltaV”.
As far as I can tell, DeltaV is an LLM (large language model), just like ChatGPT.
When you ask DeltaV to do something, it interprets the request and sends it to an “agent”.
Agents are “mini-AI’s” that are built to do hyper-specific stuff like checking the weather.
There are over 20,000 agents that DeltaV can use to execute different tasks.
I tried asking DeltaV to order some takeout from McDonald’s.
First, DeltaV asked a “GeocodeP” agent to figure out my location (I had to give permission).
Then, it executed a “restro function” and found some other restaurant (which I’m pretty sure doesn’t exist), and told me it had “finished the execution”.
So here I am, hungry and frustrated…
Next, I tried to make my own agent. I have some Python skills, so it shouldn’t be a problem.
I called it “Oskar’s Awesome Agent”, and while it runs it prints a little message every three seconds.
Here’s what it looks like:
Although this is far from “superintelligence”, it’s pretty cool.
With the expanding number of agents, the tasks DeltaV can do grow exponentially.
This might be a way to achieve Artificial General Intelligence.
Can they really do it?
It’s more of a continuum than a binary. It’s not like your AI either is “super intelligent” or “doesn’t exist”.
So in some capacity, they have already done it.
But building “super intelligent AI” is insanely hard.
Furthermore, doing it decentralized is way harder than in a centralized company.
It’s like a thousand individual swimmers racing a huge boat.
To solve the challenge of division, the three organizations made The Alliance.
I think this is a step in the right direction – each organization can focus on their nitch, but in a synergistic manner that helps them all.
For example, The Alliance can integrate existing applications like Ocean’s Predictor with decentralized AI agents from Fetch.ai and SingularityNET to quickly demonstrate practical AI solutions.
Onboarding users with such integrations quickly is key.
They need momentum and resources to undertake this huge aim of building decentralized artificial superintelligence.
So…
Do I think they can do it?
To be perfectly honest…
Probably not.
Here’s why
The Alliance is racing OpenAI, X, Meta, Google, and just about any other tech giant and government wanting AI.
What do all these have in common?
They have basically unlimited resources to develop.
And,
They’re centrally controlled, which makes for effective leadership (when the leadership is good, that is). There’s no need for a democratic majority agreement.
Don’t get me wrong: centralization is bad in the long run, as it leads to corruption, bad incentives, and a bunch of other problems.
But in the short term, centralized governance allows them to move quickly through the bumpy road of internal politics.
Still, The Alliance has one major advantage:
Anyone can help out and build stuff for The Alliance.
If you decide to become an AI developer, you could literally dedicate your life to supporting them on their mission to decentralize AI today.
So, the potential speed at which The Alliance can build is almost unlimited.
If they manage to ship out a few cool products ASAP and build some momentum and fame, enough adept developers might join the cause for The Alliance to have a real shot.
… But what about ROI?
Even if The Alliance fails to achieve decentralized AI, I think the ROI of investing might be huge.
After all, there are not a lot of pure AI projects in the crypto space (don’t confuse DePIN like Render or Akash Network with AI).
If the general AI hype keeps increasing, it’s likely going to affect FET (the current token of The Alliance. They’re moving to ASI token soon)
Here’s my thesis on why investing in FET might be amazing:
Investment Thesis
Let me tell you a story:
Remember when Facebook rebranded to Meta in October 2021?
It sparked a massive price surge in metaverse cryptocurrencies.
Decentraland (MANA) jumped over 7X in a few weeks:
The Sandbox (SAND) doubled in price within days, and gained over 11X in four weeks:
Investors poured into these tokens, betting big on the future of the metaverse.
Obviously, the metaverse hype was premature, so both of these tokens fell back down to pre-hype levels.
Still, subscribers of the Premium Newsletter and I made thousands on trading these moves. I send Premium Investors potential swing trades and low-cap altcoins with huge potential every month and tell you exactly what I personally buy and sell to keep things 100% transparent.
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Now here’s my thesis
AI is this cycle’s metaverse.
With new AI developments from major tech companies like OpenAI, Meta and X, the hype around AI is growing.
Not to mention Nivida…
And unlike the metaverse hype in 2021, new and cool stuff is launched all the time, making the AI hype more sustainable.
When we enter the mania phase of this bull market, every catalyst in the general AI space is likely to push the price of FET, just like Facebook’s rebranding to Meta did with Decentraland and The Sandbox.
Furthermore, FET actually has some adoption already which might help build a solid foundation and make it more sensitive to the hype during the mania phase.
Adoption and partnerships
According to their website, the adoption is quite impressive:
I was able to find roughly 25K+ agents myself, so I guess these numbers are outdated.
Again, “agents” are mini-AI’s built to solve hyper-specific stuff like “ordering a cup of coffee at Starbucks”.
You can also make yourself a little “team” of agents that can do more complicated stuff like automate customer service at your business.
Fetch.ai has built “agentverse“, which is where you can build and run all the agents.
Notable companies like Bosh, Telekom, and University of Cambridge are actually using agents:
Both Bosh and Telekom are also members of The Fetch Foundation:
So they have some adoption and good partnerships.
Furthermore, when combining the three projects, the number of holders will reach over 200K when the ASI token launches, almost at the level of the memecoin PEPE.
The kickstarts the network effect of holders spreading the word, pushing the price higher.
Technical Analysis
I analyzed FET’s price chart, and it looks promising:
FET rallied 18X from October 2023 to March 2024, but corrected 80% in the following months.
It’s in a step trend channel, on a path to $7 – $35 in the second half of 2025.
There’s no guarantee that this channel will hold, it might not even be likely, but still, FET is looking good technically.
This assumes a bullish, or at least neutral Bitcoin, obviously.
Conclusion
I usually make a price prediction based on objective metrics of adoption and market cap, but this time, it all becomes too speculative.
That being said, I do not think a 10X -15X for FET / ASI is improbable given two assumptions:
- We enter a mania phase where altcoins explode in value (like in every other bull market).
- The AI hype continues to grow as new, cool, and practical stuff is rolled out.
With advancements in AI, I think we’ll see something similar to when Facebook rebranded to Meta, and metaverse projects skyrocketed up to 12X in four weeks.
But remember, this is a gamble.
I do NOT think The Alliance manages to ship out any insanely impressive products this cycle.
However, I think they have enough adoption and basic products for investors to bet on them.
Few cryptocurrencies have a working product, but still, many of them are valued extremely high.
In other words, a working product is not necessary, it only helps.
What matters most in crypto is community, hype, and “elevator pitches”, and The Alliance has a great elevator pitch:
We’re building Decentralized Superintelligent AI:
We’ve got an LLM, think ChatGPT, that talks to over 20,000 agents, think “mini-AIs”, that can solve specific tasks like ordering food or checking the weather.
This ecosystem of agents, and an LLM to make interacting with the agents smooth, will eventually result in superintelligence.
This is a pretty strong “pitch”, and most people never go into depth or reflect more than 5 seconds on it before buying.
Combine this with increasing AI hype, and you got yourself a potential 10x – 15x play.