SingularityNET, Fetch AI, Ocean Protocol to Merge Crypto Tokens, Prices Rally

Three artificial intelligence companies SingularityNET, Fetch AI, and Ocean Protocol are in constructive discussions to merge their crypto tokens. The move is aimed at developing a centralized AI platform, witnessing a merger of AGIX, FET, and OCEAN tokens into an ASI token with a fully diluted value of about $7.5 billion, as per people familiar with the matter.

SingularityNET, Fetch AI, Ocean Protocol to Merge AGIX, FET, and OCEAN Tokens

Artificial intelligence-related companies SingularityNET, Fetch AI, and Ocean Protocol are in discussion to merge their tokens into an ASI, reported Bloomberg on March 27.

The blockchain-based AI platforms aims to develop a decentralized AI platform amid rising competition in the AI space. The ASI tokens will have a full diluted value of about $7.5 billion.

As per people familiar with the matter, the deal could be announced on Wednesday and will require approvals from the members of each community.

SingularityNET, Fetch AI, and Ocean Protocol will continue to run as separate entities. However, they will collaborate under the Superintelligence Collective run by SingularityNET CEO Ben Goertzel. Fetch.ai CEO Humayun Sheikh would be chairman.

Also Read: Binance Adds Key Margin Pairs for DOGE, SHIB, PEPE, BOME, SUI, WLD; Rally Ahead?

AGIX, FET and OCEAN Prices Rally

AGIX price jumped nearly 15% in the past 24 hours, with the price currently trading at $1.38. The 24-hour low and high are $1.16 and $1.38, respectively. Furthermore, the trading volume has increased by 40% in the last 24 hours, indicating a rise in interest among traders.

FET price also climbed higher, with more than 15% jump in price to $3.28. The 24-hour low and high are $2.81 and $3.31, respectively.

Meanwhile, OCEAN price made a big breakout of 38% in the last 24 hours, with most of it coming after the news. OCEAN price currently trades at $1.66.

Also Read: Tidal, Hashdex Spot Bitcoin ETF (DEFI) Grabs Investors Interest On Debut

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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