Three prominent blockchain AI protocols, SingularityNET, Fetch.ai, and Ocean Protocol, are in discussions regarding a potential merger to create a unified digital asset known as the ASI token. This merger aims to facilitate the development of a decentralized AI platform, with the combined token estimated to be worth approximately $7.5 billion on a fully diluted basis.
Three leading artificial intelligence companies operating on blockchain technology, namely SingularityNET, Fetch.ai, and Ocean Protocol, are currently engaged in discussions to merge their respective cryptocurrency tokens. The primary objective behind this proposed merger is to collaboratively develop a decentralized AI platform.
ASI Token
According to sources familiar with the matter, the three companies are considering merging their tokens into a single entity known as the ASI token. If realized, the ASI token would hold a fully diluted value of approximately $7.5 billion. The potential merger, which may be formally announced as early as Wednesday, is contingent upon approval from the respective communities of each company.
The individuals privy to the discussions have requested anonymity as the details are still confidential. However, they have indicated that the merger could represent a significant step forward in the blockchain-based AI sector, offering synergistic benefits and unlocking new opportunities for decentralized AI development.
