SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) prices have surged due to potential merger discussions. The projects aim to create a decentralized AI platform named "ASI" with a combined valuation of $7.5 billion, resulting in enhanced collaboration and a potential token merger, if negotiations succeed.
SingularityNET, Fetch.ai, and Ocean Protocol Join Forces in Superintelligence Collective
New York, NY - August 24, 2023 - Three pioneering blockchain-based artificial intelligence (AI) protocols, SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), have embarked on a groundbreaking merger that aims to establish a comprehensive decentralized AI platform.
According to Bloomberg, sources close to the development have revealed that discussions between the AI startups are nearing completion, with the potential announcement of the deal as early as Wednesday. The merger, if finalized, would witness the integration of the AGIX, FET, and OCEAN tokens into a single unified token, designated as ASI.
Despite the consolidation of tokens, SingularityNET, Fetch.ai, and Ocean Protocol will continue to operate as independent entities, offering their respective services. However, the merger will foster enhanced collaboration within the "Superintelligence Collective," a joint initiative led by Ben Goertzel, founder and CEO of SingularityNET, and Humayun Sheikh, CEO of Fetch.ai.
The potential merger has ignited a surge in the prices of AGIX, FET, and OCEAN tokens, reflecting investor enthusiasm for the transformative impact of the Superintelligence Collective. As of market open on Wednesday, AGIX had surged by over 10% to surpass $1.37, FET had spiked by 13% to exceed $3.28, and OCEAN had catapulted by more than 27% to touch highs of $1.64.
The merger comes at an opportune time as AI tokens have witnessed a meteoric rise in recent months, fueled by the burgeoning interest in the AI-powered blockchain ecosystem. This narrative has gained significant momentum from the remarkable progress made by industry giants such as Nvidia, Microsoft, and Google in the field of artificial intelligence.
The integration of SingularityNET, Fetch.ai, and Ocean Protocol into the Superintelligence Collective is anticipated to accelerate the development and adoption of AI technologies. The combined expertise and resources of these protocols promise to unlock a new era of innovation and progress in the realm of blockchain-based AI.
Stay tuned for further updates and developments as the merger negotiations continue and the Superintelligence Collective takes shape.
