The three leading artificial intelligence blockchain projects – Fetch.AI (FET), SingularityNET (AGIX) and Ocean Protocol (OCEAN) – are on the verge of a potential merger into a new token called Artificial Super Intelligence (ASI), with the collective goal of establishing a decentralized AI giant. This initiative seeks to position them as formidable competitors against established tech giants such as OpenAIGoogle, Microsoft and Apple, leveraging the intrinsic benefits of blockchain technology for AI development.
Search.AI + AGIX + OCEAN = ASI
The breaking news was received positively by the market. In the last 24 hours, Fetch.AI has seen a 12% increase, SingularityNET a 10% increase and Ocean Protocol a significant 23% increase in their values, underscoring the market’s enthusiastic reception to the merger talks.
This consolidation proposal, firstly reported Bloomberg, aims to amalgamate the three tokens into one ASI token, which is projected to have a fully diluted value of approximately $7.5 billion. Completion of the merger is subject to approval by community members on each participating platform.
Despite ongoing negotiations, representatives from SingularityNET, Fetch.ai and Ocean Protocol maintained a neutral stance, choosing not to comment on the matter. According to sources who preferred to remain anonymous due to the private nature of the information, the announcement of the deal could take place as early as Wednesday, depending on the consent of community members from each project involved.
Central to this collaboration is the establishment of the Superintelligence Collective, which would oversee the strategic direction of the merged entity. Ben Goertzel, the visionary founder and CEO of SingularityNETis set to lead this initiative, with Fetch.ai CEO Humayun Sheikh, notable for his initial investment in DeepMind (later acquired by Google), set to serve as chairman.
This leadership structure is designed to synergize the distinct technological and philosophical approaches of each platform, fostering an environment where decentralized AI can thrive far from the conventional corporate model dominated by shareholder interests.
The backdrop to this bold move is the growing investment by large technology companies in AI technologies, signaling broad industry consensus on the transformative potential of AI. These companies’ growing interest in AI has triggered a parallel movement within the crypto sector, where projects such as SingularityNET, Fetch.ai and Ocean Protocol are pioneering the development of decentralized AI solutions.
These solutions aim to democratize AI advances, ensuring that the benefits of AI technologies are accessible to a wider audience and not just a consortium of technology oligarchs.
The largest of all three crypto AI projects by market cap, Fetch.AI (FET) continues its price discovery mode after breaking its all-time high in mid-February. At press time, FET was trading at $3.24.
![Fetch.AI, AGIX, OCEAN Talk merger, double-digit increase 1 Fetch.AI Price](https://thegurumedia.com/wp-content/uploads/2024/03/FETUSD_2024-03-27_13-12-39.png)
Featured image from Shutterstock, chart from TradingView.com
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