FET, AGIX, and OCEAN Plots To Merge Their Respective Tokens

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In a groundbreaking move, three industry giants, Fetch.ai, SingularityNET, and Ocean Protocol, have unveiled plans for a landmark collaboration. According to the announcement, the proposed agreement aims to merge their tokens, paving the way for the creation of a unified AI token known as Artificial Super Intelligence (ASI). 

Termed the Artificial Super Intelligence Alliance, this merger signifies a significant step towards harnessing the collective power of these platforms in advancing AI capabilities.

AI Projects’ Tokens Experience Surge

Interestingly, the news of the proposed merger has a palpable impact on the market dynamics surrounding the projects’ existing tokens. In the wake of the announcement, Fetch.ai, SingularityNET, and Ocean Protocol have witnessed significant surges in the value of their respective tokens, signaling investor confidence and optimism regarding the potential benefits of the collaboration.

According to The Block’s price page, Fetch.ai (FET) witnessed a 15% surge, SingularityNET (AGIX) gained 12% in just 24 hours, while Ocean Protocol’s token had the highest increase with more than 36% over 24 hours.

Crucial Benefits to Watch

The decision to merge tokens underscores a strategic effort to consolidate resources and expertise, with the ultimate goal of accelerating progress in the field of artificial intelligence. By pooling together their respective strengths and networks, Fetch.ai, SingularityNET, and Ocean Protocol aim to foster collaboration and interoperability, thereby unlocking new opportunities for innovation and development.

By fostering greater cooperation and knowledge sharing, the Artificial Super Intelligence Alliance aims to catalyze breakthroughs in areas such as machine learning, decentralized data exchange, and autonomous agent technologies. However, the three projects have a deadline to submit integration proposals to their respective governance communities. These proposals will undergo a 14-day consultation period, starting today. 

Meanwhile, voting on the proposal is set to begin on April 2 and April 16. Upon approval from both communities, FET will become ASI and will have a total supply of 2.63 billion tokens with an initial price of $2.82. AGIX and Ocean Protocol will also migrate to ASI, with a conversion rate of 0.43335 to 1 and 0.433226 to 1, respectively. 

As a result, the merged ASI token will have a fully diluted value of $7.5 billion based on current prices.

Industry Giants Partners to Leverage AI

As reported by TheCoinRise in February, Deutsche Telekom, Bosch, and Fetch.ai Foundation joined forces to propel the advancement of artificial intelligence (AI) technologies. By combining their strengths, the three partners aim to develop cutting-edge AI solutions that address real-world challenges and unlock new opportunities for businesses and consumers alike.

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