Blockchain-Based AI Firms Eye Massive $7.5 Billion Crypto Token Merger

Blockchain-Based AI Firms Eye $7.5 Billion Crypto Token Merger

Three artificial intelligence (AI) companies operating on blockchain protocols – SingularityNET (CRYPTO: AGIX), Fetch.ai (CRYPTO: FET), and Ocean Protocol (CRYPTO: OCEAN) – are engaging in discussions to consolidate their crypto tokens under a unified entity known as ASI, according to undisclosed sources cited by Bloomberg.

While the proposed merger would not lead to the creation of a single, unified company, each platform—SingularityNET, Fetch.ai, and Ocean Protocol—would maintain its independent operations. Instead, the trio plans to collaborate within a framework known as the "Superintelligence Collective."

Harnessing the potential of blockchain technology, the collective aims to establish an AI ecosystem that eschews dominance by large corporations, promoting a decentralized and community-driven approach.

Ben Goertzel, founder and CEO of SingularityNET, will assume leadership of the collective. Humayun Sheikh, CEO of Fetch.ai and an early investor in Google's DeepMind AI division, is also expected to play a pivotal role as chairman.

The Benzinga Future of Digital Assets event, scheduled to take place on November 19, is anticipated to provide a valuable platform for further discussions and insights on this evolving landscape.

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