- SingularityNET, Fetch.ai, and Ocean Protocol are discussing a merger.
- The AI platforms may consolidate their tokens into an ASI token with a $7.5 billion cap.
- This move has propelled OCEAN to a daily high of $1.65 following a dramatic 30% rally.
Three artificial intelligence firms utilizing blockchain technology are discussing a merger for their various crypto assets. Bloomberg captured details of the discussion in a recent report, citing sources familiar with the situation.
Specifically, the report cited that SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) are in talks to consolidate their tokens into a singular ASI token. The consolidated token is expected to have an estimated fully diluted value of approximately $7.5 billion.
The prospective deal, due for announcement soon, is contingent upon each company’s communities’ approval. These details were shared by individuals privy to the matter who preferred anonymity due to the sensitive nature of the information.
Notably, SingularityNET, Fetch.ai, and Ocean Protocol would maintain their autonomy. However, according to sources, they would engage in collaborative efforts overseen by …
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