FetchAI, SingularityNET, and Ocean Protocol Announce Merger to Form Largest Decentralized AI Ecosystem
The proposed merger aims to create a formidable decentralized alternative to Big Tech's AI dominance, with a combined value of $7.5 billion.
- Three leading decentralized AI projects—Fetch.ai, SingularityNET, and Ocean Protocol—have proposed a merger to form the 'Superintelligence Collective,' aiming to build the world's largest decentralized AI ecosystem.
- The merger, subject to community approval, seeks to accelerate progress toward decentralized AGI and ASI, offering a competitive alternative to Big Tech's AI projects.
- The new entity would combine the strengths of each project to create a decentralized multi-agent platform, an AI-powered blockchain marketplace, and a decentralized data exchange platform.
- Upon approval, the merged entity's ASI token would have a Fully Diluted Valuation of approximately $7.5 billion, making it one of the most valuable cryptocurrency projects.
- The merger has led to a surge in the projects' tokens, with Fetch.AI, SingularityNET, and Ocean Protocol experiencing significant price increases following the announcement.