The Artificial Superintelligence Alliance (ASI Alliance) is a coalition of decentralized AI projects, currently Fetch.ai, SingularityNET, and CUDOS, that share a single token, FET. Its stack centers on Fetch.ai's network of autonomous AI agents, including the Agentverse platform for building and discovering agents, the Almanac contract as an onchain agent registry, and the ASI:One models. FET is used for staking, governance, agent registration and interaction, and payment for AI tools, data, and compute.
Fetch.ai was founded in 2017 by Humayun Sheikh, a founding investor in DeepMind, and launched FET through a Binance Launchpad sale in February 2019 that sold 6% of the original 1.15 billion token supply under a $6 million hard cap. Its mainnet went live in 2020 and runs as a Cosmos SDK chain on which validators and delegators vote on upgrades and parameters. In March 2023, Fetch.ai raised $40 million in a round led by DWF Labs.
In March 2024, Fetch.ai, SingularityNET, and Ocean Protocol announced the Artificial Superintelligence Alliance, merging AGIX and OCEAN into FET at fixed conversion rates rather than launching a new token. Fetch.ai minted about 1.48 billion additional FET in May 2024 to support the conversions, which began that July, and CUDOS was added as a fourth member after community votes in September 2024. The planned rebrand of the FET ticker to ASI has not been completed, so the token still trades as FET.
Ocean Protocol Foundation withdrew from the alliance in October 2025 amid allegations that Ocean-linked wallets had converted OCEAN into roughly 286 million FET and sold most of it. Fetch Compute and a group of token holders filed a class action against Ocean Protocol entities and its co-founders in the Southern District of New York in November 2025, and the case remained pending as of mid-2026. FET's total supply is about 2.71 billion tokens and continues to grow as remaining OCEAN holders convert.
