SingularityNet, Fetch.AI, Ocean Protocol are Allegedly Talking about Merging Tokens

SingularityNet, Fetch.ai, and Ocean Protocol—three well-known artificial intelligence (AI) protocols—are in talks to combine their tokens into an AltSignals (ASI) token, which would be valued at $7.5 billion when fully diluted.

Those with knowledge of the situation said that the deal might be disclosed as early as Wednesday, subject to community approval, Bloomberg M&A reported.

The agreement would encourage cooperation between the three platforms under a newly established Superintelligence Collective, led by SingularityNet founder and CEO Ben Goertzel, even though the three platforms would still function as independent businesses. The anonymous sources stated that the head of the new organization will be Humayun Sheikh, the CEO of Fetch.ai.

The development of blockchain-based decentralized AI protocols that are immune to control by powerful actors or centralized parties unites the three protocols.

The largest of the three coins, Fetch.ai (FET), has a market valuation of $2.72 billion at the moment. CoinMarketCap data shows that the market capitalization of SingularityNet’s (AGIX) token is $1.7 billion, while Ocean Protocol’s (OCEAN) token is valued at $927 million.

A week ago, there were rumors that the Saudi Arabian government was considering establishing a $40 billion investment fund to fund AI research, in collaboration with Silicon Valley venture capital firm Andreessen Horowitz (a16z). This news coincided with a surge in interest in AI protocols.

The fund might be established in 2024’s second half. The Saudi Arabian government would become the biggest investor in the AI industry if this were permitted.

In contrast, Microsoft invested a total of $13 billion over multiple years in OpenAI, the company that created ChatGPT.

On March 20, Google agreed to pay a fine of 250 million euros to the French competition authorities for violating copyright laws in the European Union while training its AI model.

Related Posts

pure bitcoin c213ce83f6e48a5c90ab8972e17de710

How to Insure Your Bitcoin Cold Storage: Policy Comparison and Cost

Introduction: The Hidden Risk of Cold Storage When it comes to safeguarding your Bitcoin, cold storage is often hailed as the gold standard. Hardware wallets, paper wallets, and even air-gapped…

Read more
633f77aa e12c 49b0 8f83 909431072a30 1

Best Signal-Provider Platforms for Professional Crypto Day Traders

  In the fast-moving world of cryptocurrency day trading, every second counts. One strong signal can be the difference between a profitable move and a costly error. That’s why professional…

Read more
image 15 1024x852 1

Top 7 Crypto Portfolio Tracker Apps for 2025 (Ranked by Fees, Sync Speed & Tax Reporting Accuracy)

Cryptocurrency investing has matured from a speculative hobby into a full-blown financial strategy. With more tokens, chains, and DeFi projects entering the market daily, managing your crypto portfolio manually just…

Read more
AdobeStock 193582713 e1651154504351

Why Every Crypto Investor Needs a Mobile Wallet with Fingerprint or Face ID – Top Picks for 2025

  The rise of digital assets has revolutionized the financial landscape, giving birth to a decentralized economy that’s open 24/7, borderless, and continuously evolving. As this revolution marches forward into…

Read more
69528071a8144fef7711fadbf034910a

Crypto Security 101: How to Detect Fake Wallet Apps, Airdrops & Phishing Links Before It’s Too Late

Crypto Security 101: How to Detect Fake Wallet Apps, Airdrops & Phishing Links Before It’s Too Late In a world where blockchain is redefining how we transact, invest, and store…

Read more
Benefits of Using a Cold Storage Wallet 1140x855 1

Best Cold Wallets for Storing Bitcoin Safely in 2025

Cold Wallets have become the gold standard for long-term Bitcoin storage, combining air-gapped security with user control. As the crypto space matures, 2025 brings new entrants and refinements to established…

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *