Breaking: Fetch.ai, SingularityNET and Ocean Protocol Discussing Possible Merger to Form ASI Token
SingularityNET, Fetch.ai, and Ocean Protocol are reportedly engaged in discussions regarding a potential merger of their crypto tokens to establish a decentralized AI platform and foster collaboration among the three companies.
The companies are exploring the creation of an ASI token, which would possess a fully diluted value of approximately $7.5 billion, Bloomberg reported , citing people familiar with the matter.
While the merger plans are subject to approval from the respective communities, an official announcement could be expected as early as Wednesday.
Under the proposed arrangement, SingularityNET, Fetch.ai, and Ocean Protocol would maintain their separate operations while working together under the guidance of a newly formed entity called the Superintelligence Collective.
The collective would be led by Ben Goertzel, the founder and CEO of SingularityNET, with Humayun Sheikh, the CEO of Fetch.ai and an early investor in DeepMind, serving as the chairman.
When approached for comment, representatives from SingularityNET, Fetch.ai, and Ocean Protocol declined to provide any official statements on the matter.
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These discussions come at a time when major technology giants like Alphabet and Microsoft are making substantial investments in AI, recognizing its potential to revolutionize human interaction with technology.
In response, emerging AI-focused platforms such as SingularityNET, Fetch.ai, and Ocean Protocol are racing to develop decentralized AI technology on the blockchain, aiming to create an ecosystem that is not controlled by large corporations solely accountable to shareholders.
The proposed merger coulde help combine
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