AI Coin Merger Rumors: SingularityNET, Fetch.ai, and Ocean Reportedly Considering Integration for AI Development
According to Bloomberg, three companies focused on blockchain and AI development are reportedly considering merging their cryptocurrencies to jointly develop a decentralized AI platform.
(Update: This news has been confirmed.)
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AGIX+FET+OCEAN = ASI?
Collaboration but Independent Operation
Token Surge Following the News
According to sources, SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) are discussing the possibility of merging their tokens into a single ASI token, with a fully diluted valuation of $7.5 billion. The announcement of this transaction could come as early as Wednesday, depending on the agreement of each community member.
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It is rumored that these three platforms will continue to operate as independent entities but collaborate under the guidance of a “Super Intelligent Collective” led by Ben Goertzel, the founder of SingularityNET. Sources say that Humayun Sheikh, CEO of Fetch.ai and an early investor in DeepMind, will serve as the chairman.
However, representatives from SingularityNET, Fetch.ai, and Ocean Protocol have declined to comment.
As of the deadline, all three tokens experienced significant gains, particularly OCEAN with an increase of nearly 27%.
AGIX
ASI
FET
Fetch.ai
Ocean
SingularityNET
Further Reading
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