AI Tokens Fetch.AI, AGIX, OCEAN Talk Merger, Surge Double Digits
27 Marzo 2024 - 6:34AM
NEWSBTC
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
named Artificial Superintelligence (ASI), with the collective aim
of establishing a decentralized AI behemoth. This initiative seeks
to position them as formidable contenders against established tech
giants such as OpenAI, Google, Microsoft, and Apple, by leveraging
the intrinsic benefits of blockchain technology for AI development.
Fetch.AI + AGIX + OCEAN = ASI This breaking news was positively
received by the market. In the last 24 hours, Fetch.AI has seen a
12% increase, SingularityNET a 10% rise, and Ocean Protocol a
significant 23% surge in their values, underscoring the market’s
enthusiastic reception to the merger talks. This proposed
consolidation, first reported by Bloomberg, aims to amalgamate the
three tokens into an ASI token, which is projected to have a fully
diluted value of approximately $7.5 billion. The merger’s
completion is subject to approval from the community members of
each participating platform. Related Reading: Fetch AI Fetches Fire
– 110% Price Surge Ignites All-Time High Despite the ongoing
negotiations, representatives from SingularityNET, Fetch.ai, and
Ocean Protocol have maintained a neutral stance, opting not to
comment on the matter. According to sources who wished to remain
anonymous due to the private nature of the information, the
announcement of the deal could come as early as Wednesday,
contingent upon the consent of the community members of each
involved project. Central to this collaboration is the
establishment of the Superintelligence Collective, which would
oversee the merged entity’s strategic direction. Ben Goertzel, the
visionary founder and CEO of SingularityNET, is set to lead this
initiative, with Fetch.ai CEO Humayun Sheikh, notable for his early
investment in DeepMind (later acquired by Google), poised 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 away from the conventional corporate model dominated by
shareholder interests. Related Reading: Fetch.AI (FET) Price Gains
Another 15% Following This Big News The backdrop of this bold move
is the escalating investment by heavyweight tech corporations in AI
technologies, signaling a broad industry consensus on AI’s
transformative potential. The burgeoning interest in AI from these
corporations has sparked a parallel movement within the crypto
sector, where projects like SingularityNET, Fetch.ai, and Ocean
Protocol are pioneering the development of decentralized AI
solutions. These solutions aim to democratize AI advancements,
ensuring that the benefits of AI technologies are accessible to a
wider audience and not just a consortium of tech oligarchs. The
largest of all three AI crypto projects by market cap, Fetch.AI
(FET) is continuing its price discovery mode after breaking its
all-time high in mid-February. At press time, FET traded at $3.24.
Featured image from Shutterstock, chart from TradingView.com
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