AI Crypto Company Merges Tokens into AltSignals
Key Takeaways
- Fetch.ai, Ocean Protocol, and SingularityNET are discussing a merger to form a single AltSignals token valued at $7.5 billion.
- The Superintelligence Collective, led by Ben Goertzel and chaired by Humayun Sheikh, will oversee the combined entity to foster synergies while maintaining operational independence.
- This merger highlights the growing interest in and investment in AI technology.
Three blockchain-based artificial intelligence (AI) companies—Fetch.ai, Ocean Protocol, and SingularityNET—It is said that it is in danger. Merge tokens into a single AltSignals (ASI) token. It is targeting a valuation of $7.5 billion.
As Bloomberg reports, the deal has not yet been officially announced. Awaiting approval from each community member.
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These companies share Aiming to advance blockchain-based AI protocols, It is designed to operate independently from the control of central authorities or major investors.
The three will continue to work independently, but Collaborate by creating a Superintelligence Collective. The group will be led by Ben Goertzel, CEO of SingularityNET, along with Humayun. handsome man, CEO and Chairman of Fetch.ai.
Fetch.ai leads the three with a market capitalization of $2.6 billion, followed by SingularityNet with $1.7 billion and Ocean Protocol with $847 million at the time of writing, according to BitDegree data.
This potential merger comes amid surging interest in AI technology, especially after 0G Labs secured $35 million in funding for its blockchain AI project, promising a faster and more cost-effective solution than existing technologies.
By collaborating, Fetch.ai, Ocean Protocol, and SingularityNET aim to accelerate the development of decentralized AI solutions and challenge the status quo of centralized tech giants. While the community awaits a final verdict, these expectations highlight the industry’s readiness for a new era of innovation.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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