Data Bloomberg reported that according to people familiar with the matter, three companies with blockchain AI as the main development axis intend to merge their encryption tokens to jointly develop a decentralized AI platform.
SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) are discussing merging their tokens into a single ASI token, which has a fully converted value of $7.5 billion. The deal is said to be announced as soon as Wednesday, but would require the consensus of every community member.
The three platforms will continue to operate as independent entities, but will collaborate under the guidance of the "Super Intelligence Collective", led by SingularityNET founder Ben Goertzel . Fetch.ai CEO Humayun Sheikh, who was also an early investor in Deep Mind, will serve as chairman, people familiar with the matter said.
However, representatives from SingularityNET, Fetch.ai and Ocean Protocol declined to comment.
Before the deadline, these three tokens all experienced high increases, especially OCEAN, which had an increase of nearly 27%:
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