Blockchain-Based AI Titans Merge to Form Decentralized AI Alliance Worth $7.5 Billion

SingularityNET, Fetch.ai, and Ocean Protocol are reportedly engaged in discussions to merge their tokens into an ASI token, possibly valued around $7.5 billion. The proposed merger, contingent on approval from each project's community, aims to create a decentralized AI platform through the establishment of a "Superintelligence Collective" led by SingularityNET's CEO and Fetch.ai's chairman. The merged token, ASI, would boast a supply of approximately 2.63 billion tokens, with conversion rates set for AGIX and OCEAN tokens.

Three Blockchain-Based AI Projects Propose Groundbreaking Merger to Create Decentralized AI Alliance

In a bold move that has sent shockwaves through the blockchain and artificial intelligence (AI) communities, three leading blockchain-based AI projects, SingularityNET, Fetch.ai, and Ocean Protocol, are reportedly in advanced talks to merge their tokens into a single, unified token known as ASI (Artificial Superintelligence). This proposed merger, if approved by the respective communities of each project, would create a decentralized AI infrastructure on an unprecedented scale, valued at an estimated $7.5 billion at full dilution.

Superintelligence Collective to Oversee Collaboration

Under the proposed arrangement, the three platforms would merge their native tokens into ASI at specific conversion rates. SingularityNET's AGIX token would convert to ASI at a ratio of approximately 0.433 to one, while Fetch.ai's FET token would convert to ASI at a ratio of 1 to 1. The combined token supply of ASI would total approximately 2.63 billion tokens, with an initial price of $2.82.

Despite merging their tokens, SingularityNET, Fetch.ai, and Ocean Protocol would retain their operational independence. However, they would collaborate under the umbrella of a newly formed governing body called the Superintelligence Collective.

Leading the Superintelligence Collective would be Ben Goertzel, the founder and CEO of SingularityNET, as well as Humayun Sheikh, the CEO of Fetch.ai and an early investor in DeepMind. Sheikh would assume the role of chairman.

Decentralization and Democratization of AI

The proposed merger signifies a significant step towards the decentralization of AI technology. Unlike existing systems, which may conceal their inner workings from the public, the combined ASI token would provide a transparent and open infrastructure for developing and deploying AI applications.

This decentralized approach aims to democratize access to AI technologies, moving away from the dominance of tech giants like Alphabet and Microsoft. By aligning incentives beyond shareholder interests, the Superintelligence Collective would prioritize the broader development and ethical use of AI.

Token Price Surge Reflects Market Enthusiasm

News of the proposed merger has sent the prices of all three tokens soaring. SingularityNET's AGIX token reached an all-time high of $1.40 on March 9, while Fetch.ai's FET token set a new all-time high of $3.34 on March 27. Ocean Protocol's OCEAN token also surged, reaching a high of $1.66 in the past 24 hours.

The strong price performance of these tokens reflects the market's anticipation of the potential benefits of the proposed merger. Analysts believe that the combined entity would create a formidable force in the blockchain-based AI landscape, with increased liquidity, enhanced development capabilities, and a wider user base.

A New Era of Decentralized AI

The proposed merger of SingularityNET, Fetch.ai, and Ocean Protocol represents a watershed moment in the evolution of AI technology. By aligning their resources and expertise, these leading projects are poised to create a truly decentralized and open AI infrastructure that can empower developers and users alike.

As the merger proposal awaits the approval of each project's community, the blockchain and AI communities eagerly await the potential impact of this groundbreaking collaboration. If approved, the creation of the ASI token and the Superintelligence Collective would mark a new era of decentralized AI, offering exciting possibilities for the future development and application of this transformative technology.