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Fetch.ai, Ocean Protocol, and SingularityNET to Merge Tokens into ASI

Fetch.ai, Ocean Protocol, and SingularityNET to Merge Tokens into ASI

Key Takeaways

  • Fetch.ai, Ocean Protocol, and SingularityNET are discussing a merger to form a single ASI token, valued at $7.5 billion.
  • The Superintelligence Collective, led by Ben Goertzel and chaired by Humayun Sheikh, will oversee the merged entity, promoting synergy while maintaining operational independence.
  • This merger highlights the growing interest and investment in AI technology.

Three blockchain-based artificial intelligence (AI) firms—Fetch.ai, Ocean Protocol, and SingularityNETare reportedly on the brink of merging their tokens into a single ASI token, aiming for a valuation of $7.5 billion.

This deal has not yet been officially announced, as Bloomberg reported that it is pending approval from members of each community.

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These firms share the aim of advancing AI protocols built on blockchain, designed to operate independently of central authorities or major investors' control.

Although the trio will continue working independently, they plan to collaborate by creating the Artificial Superintelligence Alliance. This group will be led by Ben Goertzel, CEO of SingularityNET, with Humayun Sheikh, CEO of Fetch.ai, as the chairman.

According to BitDegree data, Fetch.ai leads the three with a market capitalization of $2.6 billion, followed by SingularityNet at $1.7 billion and Ocean Protocol at $847 million at the time of writing.

This potential merger arrives amidst a wave of surging interest in AI technologies, notably following 0G Labs garnering $35 million in funding for a blockchain AI project, promising faster and more cost-effective solutions than existing technologies.

By banding together, Fetch.ai, Ocean Protocol, and SingularityNET aim to accelerate the development of decentralized AI solutions, challenging the status quo of centralized tech giants. As the community awaits the final verdict, the anticipation underscores the industry's readiness for a new era of innovation.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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