SingularityNET Allegedly Engaged in Discussions with Fetch.ai and Ocean Protocol for a $7.5 Billion Token Merger
Blockchain projects SingularityNET, Fetch.ai, and Ocean Protocol are reportedly in advanced discussions to merge their tokens into a single coin called ASI. This merger, if approved by the community, could give the merged entity a value of around $7.5 billion. The three firms, focused on artificial intelligence and blockchain technology, would maintain their independence even after the merger. The collaboration would be overseen by a “Superintelligence Collective” led by Ben Goertzel, the founder of SingularityNET, with Humayun Sheikh, CEO of Fetch.ai, expected to be appointed as chairman. SingularityNET’s AGIX token rose by 10% and Fetch.ai’s FET gained 15% following the news. This development comes as the cryptocurrency market explores opportunities in the AI sector, aiming to diversify its assets. Tether, the largest stablecoin issuer, is also expanding its presence in the AI field, with plans to develop open-source AI models and collaborate with other companies to address real-world challenges. No public statements have been issued by SingularityNET, Fetch.ai, or Ocean Protocol regarding the potential merger.
