As the name of the title indicate, the Championship was created to be the highest ranking singles champion in AAA, the equivalent of a "World" title. This was AAA's second attempt at creating a "World" title, the previous being the IWC World Heavyweight Title which was created in 1993 and was the unofficial top title until the Campeón de Campeones title was created in 1996.
The Championship was created to be the premier singles champion in AAA, akin to a "World" title. This was AAA's second attempt at establishing a top-tier title, following the IWC World Heavyweight Title from 1993 and preceding the Campeón de Campeones title from 1996.