What is SingularityNET? AGI Token and the ASI Alliance (2026 Update)

SingularityNET launched as a decentralized marketplace for artificial intelligence, where anyone could buy and sell AI services on-chain. Founded by Dr. Ben Goertzel, a well-known figure in the artificial general intelligence (AGI) field, it became one of the earliest and most ambitious crossovers between crypto and AI. Since then, the project has undergone one of the biggest transformations in the sector. Here we will take a look at what SingularityNET is, what happened to the AGI token, and where the project stands today.

What is SingularityNET?

SingularityNET is a platform that lets developers publish AI algorithms as services that others can call and pay for, without a central intermediary. The idea is to create an open marketplace where AI agents can discover, use, and pay each other for services. As a result, it aimed to democratize access to AI and move the field away from a handful of large corporations.

Originally, the network ran on the AGI token, used to pay for services and participate in governance. The project operates in the same broad category as other decentralized data and AI projects such as Ocean Protocol and Fetch.ai.

The Big Change: The ASI Alliance

The most important development is that SingularityNET, Fetch.ai, and Ocean Protocol agreed to merge their tokens and efforts into the Artificial Superintelligence Alliance (ASI) in 2024. As a result, the AGI token was migrated into the unified FET token (rebranded under the ASI banner), consolidating three major crypto-AI communities into one. (Note: as of 2026, Ocean Protocol has partially stepped back from the alliance, while compute partner CUDOS joined — so the membership has shifted since the original 2024 merger.)

The goal of the alliance is to create a decentralized counterweight to the centralized AI labs, pooling technology, tokens, and research toward artificial general and superintelligence. Furthermore, it made ASI one of the largest crypto-AI ecosystems by market capitalization.

What This Means for AGI Holders

If you held AGI tokens, our original AGI token review covers the pre-merger thesis; the practical takeaway is that the token has been migrated as part of the ASI merger. Anyone still holding legacy tokens should check the official SingularityNET and ASI Alliance channels for the current migration process. As a result, the standalone "AGI token" thesis from the early days no longer applies in its original form.

Looking to the Future

Looking to the future, SingularityNET continues to develop its AI platform and AGI research within the larger ASI Alliance. As a result, the project is now part of a much bigger bet via the Artificial Superintelligence (ASI) Alliance on decentralized artificial intelligence. As always, do your own research and verify token details through official sources before taking any action.

This article was updated in July 2026 to reflect the migration of the AGI token and SingularityNET's role in the Artificial Superintelligence (ASI) Alliance.