SingularityNet, Fetch.AI, and Ocean Protocol in Talks for ASI Token Merger

In a move that feels lifted from the future, OCEAN Protocol, Fetch.AI & SingularityNet’s $AGIX are merging to form – the ASI Token. With a fully diluted valuation of $7.5 Bn, it ranks among the top 20 coins by market cap. But, it has a huge upside potential majorly because of the ongoing AI trend and if you ask the experts, only these 3 are actually “working” on AI.  

The ASI token & its utility is something that needs to be looked more into according to the sources. As these giants join forces, we stand on the cusp of a breakthrough in the digital arena. 

The ASI Token Emerges: Uniting AI Pioneers for a $7.5 Billion Vision

In a move that could potentially reshape the landscape of decentralized artificial intelligence, three of the most prominent protocols in the field – SingularityNet, Fetch.ai, and Ocean Protocol – are reportedly considering a merger of their tokens. If this deal goes through, it would create a new AltSignals (ASI) token with a staggering fully diluted valuation of $7.5 billion. While nothing is set in stone yet, insiders suggest that an announcement could be imminent pending community approval. 

The proposed merger of 3 platforms is called “Artificial Superintelligence Alliance,” and aims to create the largest independent player in AI research and development. Its leaders, SingularityNet founder Ben Goertzel, and chair, Fetch.ai CEO Humayun Sheikh, aim to harness the power of decentralized AI protocols. Although each platform will remain independent, this merger could boost AI innovation and efficiency.

From a market perspective, the potential merger reflects the growing interest and future investments in AI protocols. With Fetch.ai currently leading the pack with a market capitalization of $2.72 billion, followed closely by SingularityNet at $1.7 billion and Ocean Protocol at $927 million, it’s clear that investors see 100X potential in these projects. 

Bruce Pon, Ocean Protocol’s CEO, highlights that the unified ASI token will coordinate all stakeholders with shared incentives, securing the network and enabling data access and compute without traditional banking channels.

Possible Loopholes

However, the road ahead is not without its challenges. Regulatory scrutiny, particularly in Europe, poses a threat to the growth of AI technology. Google’s recent run-in with EU copyright laws serves as a stark reminder of the legal hurdles that AI developers should be ready to face. 

Plus, the possible benefits are much greater than the risks, especially with governments and big companies investing billions in AI research and development.

The ASI merger proposal timeline is as follows: Today, the three projects are set to submit integration proposals to their respective governance communities, initiating a 14-day consultation period. Subsequently, voting on the proposal is expected to occur between April 2 and April 16.

AI in Crypto, A Big Change or a Pandora Box?

SOURCE

Leave a Comment

SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE SITE