Leading crypto-ai tokens $FET, $AGIX , and $OCEAN will merge into new $ASI token
Three of the top players in the AI-for-crypto niche have agreed to merge their tokens into one and become a massive AI powerhouse. $FET, $AGIX and $OCEAN will become $ASI (Artificial Super Intelligence).
$FETCH, $AGIX and $OCEAN merge to form a super alliance
According to a Bloomberg report, SingularityNET (AGIX), Fetch.ai (FETCH) and Ocean Protocol (OCEAN) have agreed to merge their tokens into one and thus create an âAllianceâ for decentralized artificial intelligence.
The merger is planned to begin with Fetch.ai (the largest of the three by market capitalization) changing its ticker to $ASI (artificial super intelligence). This new token would have an offering of $2.63 billion $ASI, which would have a starting price of $2.82. Then, both $AGIX and $OCEAN would merge into $ASI at conversion rates of 0.433 to 1. The fully diluted market cap would be around $7.5 billion and could take the alliance to a possible 20th position on CoinMarketCap.
Ocean Protocol posted the following tweet on its X account:
1/đ€Ocean Protocol, @Fetch_ai and @SingularityNET come together to create the Artificial Superintelligence Alliance, through a token merger into a single $ASI token with a combined value of $7.5 billion, with a current rating at#20on #CoinMarketCap. Keep reading, anon! Have more! pic.twitter.com/hIkZCjIi02
â Oceanic Protocol (@oceanprotocol) March 27, 2024
An alternative to AI capture by large corporations
Fetch.AI CEO Humayun Sheikh was quoted by the Bloomberg report in a recent interview. He said of the merger:
âWe wanted to build one of the world's first open, decentralized networks that truly allows AGI (artificial general intelligence) to be within reach of all stakeholders supporting network construction.â
He continued:
âItâs an alternative to the big corporations that exist and control the AI ââspace.
