SingularityNET, Fetch AI, Ocean Protocol to Merge Crypto Tokens, Prices Rally
Highlights
- SingularityNET, Fetch AI, and Ocean Protocol are under discussions to merge their crypto tokens.
- Merger of AGIX, FET, and OCEAN tokens into an ASI token with a fully diluted value of $7.5 billion.
- AGIX, FET, and OCEAN price rally in response.
Three artificial intelligence companies SingularityNET, Fetch AI, and Ocean Protocol agreed to merge their crypto tokens after constructive discussions. The move is aimed at developing a centralized AI platform, witnessing a merger of AGIX, FET, and OCEAN tokens into an ASI token with a fully diluted value of about $7.5 billion, as per people familiar with the matter.
SingularityNET, Fetch AI, Ocean Protocol to Merge AGIX, FET, and OCEAN Tokens
SingularityNET, Fetch.ai, and Ocean Protocol today announced the launch of the Artificial Superintelligence Alliance. Artificial intelligence-related companies SingularityNET, Fetch AI, and Ocean Protocol were in discussion to merge their tokens into an ASI, reported Bloomberg on March 27.
The blockchain-based AI platforms aims to develop a decentralized AI platform amid rising competition in the AI space. The ASI tokens will have a full diluted value of about $7.5 billion.
As per people familiar with the matter, the deal could be announced on Wednesday and will require approvals from the members of each community.
SingularityNET, Fetch AI, and Ocean Protocol will continue to run as separate entities. However, they will collaborate under the Superintelligence Collective run by SingularityNET CEO Ben Goertzel. Fetch.ai CEO Humayun Sheikh would be chairman. Ocean Protocol’s Trent McConaghy will also be a key part of the Artificial Superintelligence Alliance.
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AGIX, FET and OCEAN Prices Rally
AGIX price jumped nearly 15% in the past 24 hours, with the price currently trading at $1.38. The 24-hour low and high are $1.16 and $1.38, respectively. Furthermore, the trading volume has increased by 40% in the last 24 hours, indicating a rise in interest among traders.
FET price also climbed higher, with more than 15% jump in price to $3.28. The 24-hour low and high are $2.81 and $3.31, respectively.
Meanwhile, OCEAN price made a big breakout of 38% in the last 24 hours, with most of it coming after the news. OCEAN price currently trades at $1.66.
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