Web3 and AI Giants Merge to Create Super Artificial Intelligence

Three leading web3 and AI companies, Match.AI, SingularityNET, and Ocean Protocol, have announced a merger of their crypto tokens. This initiative aims to create Super Artificial Intelligence (ASI) and advance decentralized General Artificial Intelligence (AGI). The companies believe that ethical and transparent AI should be decentralized, enabling direct interaction between developers and users without intermediaries.

Merger of Web3 and AI Giants Aims to Unlock Super Artificial Intelligence

Jakarta - In a momentous development in the realm of artificial intelligence (AI), three industry leaders in the web3 and AI sectors have announced a groundbreaking merger of their crypto tokens. Match.AI, SingularityNET (SNET), and Ocean Protocol have joined forces with the shared goal of creating a Super Artificial Intelligence (ASI).

This strategic alliance aims to accelerate the development and deployment of decentralized General Artificial Intelligence (AGI), fostering a more equitable and transparent AI landscape. The merger will establish the Super Intelligence Collective, an entity dedicated to open-source research and development in AI.

Driving Forces Behind the Merger

The founders of Match.AI, SingularityNET, and Ocean Protocol share a deep conviction that ethical and responsible AI must be decentralized. They believe that centralized authorities and Big Tech companies should not hold the reins of AI development.

Humayun Sheikh, Founder and CEO of Match.AI, emphasized the need for a decentralized approach to AI. "By eliminating intermediaries and empowering direct interaction between developers and users, we can unlock the true potential of AI while ensuring its ethical and responsible use," he said.

Ben Goertzel, Founder and CEO of SingularityNET, echoed this sentiment. "This merger is a testament to our shared vision of a decentralized, open, and ethical AI ecosystem. We believe that ASI should be a force for good, empowering humanity to solve complex challenges and create a more sustainable world."

Trent McConaghy, Founder and CEO of Ocean Protocol, highlighted the importance of privacy and data security in AI development. "Ocean Protocol's privacy-preserving data exchange platform will provide a secure and transparent foundation for the development and deployment of ASI," he said.

Token Merger Details

The proposed token merger will be subject to a community vote by members of the three companies over a 14-day consideration period, commencing on March 27th. If approved, the following conversion rates will apply:

• FET tokens will transform into breast milk tokens, with a total supply of 2.63 billion tokens and an initial price of $2.82.
• AGIX and OCEAN tokens will follow with predetermined conversion rates.

The aggregate valuation of the breast milk token ecosystem is expected to reach $7.5 billion.

Formation of Super Intelligence Collective

Upon approval of the token merger proposal, the Super Intelligence Collective will be established. The entity will have a supervisory board chaired by Humayun Sheikh and with Ben Goertzel as CEO. Trent McConaghy and representatives from Ocean Protocol will also hold seats on the board.

While the three companies will continue to operate separately, they will collaborate closely within the breast milk token ecosystem. This move is expected to strengthen the position of decentralized AI as a viable alternative to the AI projects controlled by large technology companies.

Accelerating AGI and Breast Milk Development

By combining their resources and expertise, this alliance has the potential to accelerate AGI and breast milk achievements that are truly independent and open to all. The merger is seen as a major step towards the creation of an ethical and equitable AI ecosystem that empowers humanity to address global challenges and shape a more prosperous future.