beincrypto.com
Injective (INJ) may soon join the Artificial Superintelligence Alliance (ASI) group, which comprises Fetch.ai, SingularityNET, and Ocean Protocol.
It comes amid plans to integrate Injective with Fetch.ai to facilitate cross-chain transfers.
Injective and Fetch.ai Integrate For Cross-Chain Transfers
The integration comes after the Fetch.ai community unanimously voted to substitute the inter-blockchain communication (IBC) blockchain interoperability protocol light client for Injective. This move will enable seamless cross-chain transfers between the Fetch.ai mainnet and Injective.
“This upgrade will enhance interoperability, making it easier to transfer assets between networks and strengthening ecosystem integration. In addition to expanding DeFi opportunities, this proposal highlights the stability and strong governance of our community,” one Web3 enthusiast MDCrypto on X noted.
The community also approved a software upgrade proposal for a CUDOS network merger due on October 27. This means that CUDOS will join the Artificial Superintelligence Alliance (FET) on Sunday.
“Both proposals have 100% approval and reached quorum 40 hours after submission,” Fetch.ai noted.
Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?
With this unanimity threshold, the decision reportedly marks the highest overwhelmingly supported proposals ever. BeInCrypto reported about this possibility in September, with the alliance due to gain decentralized computing from CUDOS. This will enhance AI efficiency while reducing vulnerabilities.
Additionally, the Injective network corroborated the report about an expected Fetch.ai integration. It indicated that “the official on-chain governance proposal to integrate Fetch and Injective is now live.” Further, the post also alluded to this integration going slightly beyond cross-chain transfers, with INJ tokens likely to join the ASI token alliance as well.
In hindsight, Fetch.ai and Singularity.NET jointly set the foundation for the Artificial Superintelligence Alliance with a $153 million investment in GPU hardware earlier in the year. The alliance’s mission is to provide the computational power required for large-scale AI and machine learning applications.
Bringing Cudos’ global distributed computing network to the mix would introduce more contemporary AI GPUs. As for the potential enlisting of INJ, Injective can deliver an active and efficient trading platform for activities related to artificial intelligence (AI) technologies and other emerging sectors. This could include trading AI-based assets, tokens, or derivatives that represent different aspects of the AI industry.
Read More: How Will Artificial Intelligence (AI) Transform Crypto?
Amidst these developments, BeInCrypto data shows that the INJ token is up by a modest 0.62% on this news, to trade for $20.20 as of this writing.