Rumors of a merger involving SingularityNET, Fetch.ai, and Ocean to collaborate on AI development.
According to Bloomberg, three companies focusing on blockchain + AI development are reportedly considering merging their cryptocurrencies to jointly develop a decentralized AI platform, as informed by sources.
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AGIX+FET+OCEAN = ASI？
It is rumored that SingularityNET's AGIX, Fetch.ai's FET, and Ocean Protocol's OCEAN are discussing merging their tokens into a single ASI token, with a fully diluted valuation of $7.5 billion. The deal is said to potentially be announced as early as Wednesday, depending on approval from each community member.
Collaboration with Independent Operations
According to reports, these three platforms will continue to operate as independent entities but will collaborate under the guidance of a "super-intelligence collective" led by SingularityNET's founder, Ben Goertzel. Sources indicate that Humayun Sheikh, CEO of Fetch.ai and an early investor in DeepMind, will serve as chairman.
However, representatives from SingularityNET, Fetch.ai, and Ocean Protocol declined to comment.
Tokens Surge After News
At the time of writing, all three tokens have seen significant increases, with OCEAN in particular rising by nearly 27%:
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