HomeAICrypto Giants Merge: SingularityNET, Fetch.ai, and Ocean Protocol Plan ASI Token for...

Crypto Giants Merge: SingularityNET, Fetch.ai, and Ocean Protocol Plan ASI Token for Decentralized AI Revolution

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  • SingularityNET, Fetch AI, and Ocean Protocol are discussing merging their crypto tokens to create one ASI token with $7.5 billion worth.
  • The merger aims to create a decentralized AI platform called the Superintelligence Collective while maintaining operational independence for each company.

SingularityNET, Fetch AI, and Ocean Protocol, three well-known AI companies, are negotiating to combine their separate cryptographic tokens into one.

The goal of this project is to combine the tokens of AGIX, FET, and OCEAN into a single, unified token called ASI, with an ambitious fully diluted valuation of approximately $7.5 billion.

AI Companies Eye Token Merger

The three AI giants are merging primarily to establish a decentralized AI platform by combining their respective skills.

This joint project aims to leverage the strengths of all parties involved to spur previously unheard-of levels of creativity and collaboration as the AI sector gets more and more competitive.

But before such a revolutionary union can take place, it will need the support of the communities that support each organization, guaranteeing that the combination is in everyone’s best interests.

Sustaining Uniqueness in the Face of Unity

The planned token combination does not intend to dissolve the individual operations of SingularityNET, Fetch AI, and Ocean Protocol.

The CEO of SingularityNET, Ben Goertzel, will lead this joint venture under the Superintelligence Collective, while the CEO of Fetch.ai, Humayun Sheikh, will serve as chairman.

Last year, Fetch.AI announced a strategic partnership with Singularity NFT. It enhanced digital collectibles with AI, while Everlodge emerged as a leader in blockchain real estate, and Decentraland continued to dominate the metaverse landscape, as previously reported by ETHNews.

Interest in the Market Is Reflected in Token Prices

The news of the merger has already caused the cryptocurrency market to react enthusiastically. AGIX’s value increased by almost 15% to $1.38, FET’s value increased by over 15% to $3.28, and OCEAN’s value increased by an astounding 38% after the announcement.

These increases demonstrate the positive attitude that this creative merger has generated among investors and the larger crypto community.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628