**News Flash: AI Ventures Embrace Blockchain for Decentralization**

More AI ventures are leveraging blockchain technology to tackle development challenges. Following a major merger between Fetch.ai, SingularityNET, and Ocean Protocol, other protocols are adopting similar strategies.

Lumerin, an open-source protocol, is collaborating with Morpheus and Exabits to create an "AI agent economy" using decentralized resources. Morpheus connects users to AI services, while Lumerin manages data flow, and Exabits supports the necessary hardware.

This decentralized setup aims to make financial services as simple as talking to Siri. The blockchain AI market is projected to hit $703 million by 2025, growing at 25.3% annually. However, startups face challenges like coordination and talent shortages in this evolving field.

Decentralized AI could reduce biases and enhance privacy, but it’s not without hurdles. Exabits’ CMO, Doug Keeney, emphasizes the importance of decentralization for a beneficial AI future.