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Cryptocurrency News Articles

Multibillion-Dollar Merger: SingularityNET, Fetch.AI, Ocean Protocol Form Token Alliance

Apr 04, 2024 at 10:04 pm

SingularityNET, Fetch AI, and Ocean Protocol have initiated voting for their multi-billion token merger, with voting open for AGIX holders on Cardano and Ethereum. Fetch AI has already commenced its voting, while Ocean Protocol is yet to do so. The merger, aiming to create an Artificial Superintelligence Alliance, has seen significant growth in AGIX, FET, and OCEAN prices, showcasing the excitement and anticipation surrounding this innovative partnership.

Multibillion-Dollar Merger: SingularityNET, Fetch.AI, Ocean Protocol Form Token Alliance

SingularityNET, Fetch.AI, and Ocean Protocol Forge Multibillion-Dollar Token Merger

In a groundbreaking development that has sent shockwaves through the cryptocurrency industry, SingularityNET, Fetch.AI, and Ocean Protocol have unveiled their plans for a multibillion-dollar token merger. This transformative alliance is set to redefine the landscape of artificial intelligence (AI) and decentralized technology.

AGIX Token Holders Vote Commences

The voting process for this historic merger is now open for AGIX token holders on both Cardano and Ethereum. SingularityNET's community on X announced this momentous event today, giving token holders the opportunity to have their say on the future of AI.

Fetch.AI and Ocean Protocol Gear Up

Fetch.AI has already initiated its voting sessions, marking a significant milestone in the global crypto space. However, Ocean Protocol has yet to commence its voting, further solidifying the extraordinary partnership.

ASI Token Merger: The Future of AI

The merger aims to merge AGIX, FET, and OCEAN tokens into a single token known as ASI. This Artificial Superintelligence Alliance will harness the collective strength of these AI projects to foster a decentralized AI platform.

Eyeing a $7.5 Billion Valuation

The proposed merger has generated immense excitement across the cryptocurrency realm, with a fully diluted value estimated at around $7.5 billion. This audacious move underscores the growing race for AI supremacy and the importance of collaboration in the face of escalating competition.

SingularityNET, Fetch.AI, and Ocean Protocol: Separate Entities, Shared Vision

Despite the merger, the three entities will continue to operate as separate organizations, leveraging their unique expertise to advance the AI ecosystem. SingularityNET CEO Ben Goertzel will spearhead the merger as CEO, while Fetch.AI CEO Humayun Sheikh will assume the role of chairman. Ocean Protocol's Trent McConaghy will also play a key role in the Artificial Superintelligence Alliance.

Token Prices Soar on Merger Speculation

In the wake of this groundbreaking announcement, AGIX, FET, and OCEAN tokens have witnessed substantial increases in value. AGIX has experienced a 6.57% surge in the past 24 hours, reaching $1.14, with a 5.86% increase in market cap and a 21.61% jump in trading volume.

Fetch.AI (FET) has climbed 7.62% higher, reaching $2.85, accompanied by an 8.13% growth in market cap and a 4.47% rise in trading volume. OCEAN has also surged 4.78%, currently resting at $1.17, driven by a 4.83% increase in market cap and a 55.27% jump in trading volume.

A New Era of AI Innovation

The SingularityNET, Fetch.AI, and Ocean Protocol merger marks a seminal moment in the evolution of AI. By combining their strengths, these pioneers are poised to accelerate the development of decentralized AI solutions that have the potential to reshape the world.

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