It was announced today that three blockchain-based artificial intelligence (AI) companies, SingularityNET, Fetch.ai, and Ocean Protocol have decided to combine their crypto tokens into a new entity called ASI token.
The merger, which creates a token with a fully diluted value of roughly $7.5 billion, is pending approval from the communities of each project.
ASI token created
The proposed “Artificial Superintelligence Alliance” would see the transformation of the projects’ existing tokens into the ASI token. Responding to the news, Fetch.ai (FET) and SingularityNET (AGIX) jumped by 15% and 12%, respectively, in the past 24 hours. Ocean Protocol’s token (OCEAN) saw an even larger gain of over 36%.
“The AI field is accelerating at a phenomenal pace. With the release of the latest LLMs, the pace of innovation has noticeably accelerated into a torrent of growth that every single startup, decentralized…
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