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Three blockchain-based artificial intelligence (AI) firms — SingularityNET (CRYPTO: AGIX), Fetch.ai (CRYPTO: FET), and Ocean Protocol (CRYPTO: OCEAN) — are in talks to merge their crypto tokens into a single entity called ASI.
What Happened: This token would have a combined value of roughly $7.5 billion, Bloomberg reported, citing unnamed sources.
The proposed merger wouldn’t result in a single company. Each platform, SingularityNET, Fetch.ai, and Ocean Protocol, would continue to operate independently.
Instead, the trio will collaborate as part of a so-called “Superintelligence Collective.”
By leveraging blockchain technology, they hope to create an AI ecosystem that isn’t dominated by large corporations but functions in a more distributed and community-driven manner.
Also Read: Can You Make Millions In Minutes? This Trader Found Out The Hard Way
Ben Goertzel, founder and CEO of SingularityNET, will oversee the collective.
Fetch.ai CEO Humayun Sheikh, an early investor in Google’s DeepMind AI unit, is also expected to play a key role as chairman.
The Benzinga Future of Digital Assets event, taking place on Nov. 19, promises to be a valuable platform for these discussions to continue.
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