Three leading innovators in the realm of artificial intelligence blockchain—Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN)—stand on the precipice of an unprecedented merger. The product of such a union would be a newly christened entity known as Artificial Superintelligence (ASI). Intended to compete with heavy-hitting technology titans including Google, Microsoft, Apple, and OpenAI, this projected merger aims to fully harness the inherent benefits of blockchain technology in the expanding landscape of AI development.
The breaking announcement of this ambitious project has caused quite a stir among market spectators. In a display of enthusiastic backing, each firm experienced a significant uptick in value within the last 24 hours. Fetch.AI noted a 12% rise, SingularityNET saw a solid 10% bump, and Ocean Protocol led the group with a hefty 23% surge.
Drawing its origins from careful reporting by Bloomberg, this proposed merger aspires to seamlessly blend the business entities into the ASI token. The value of this innovative token is estimated to be a striking $7.5 billion for the fully diluted version, with the final completion of the merge pending approval by the community members of each project.
Despite the fevered speculations, official delegates from SingularityNET, Fetch.ai, and Ocean Protocol have opted to withhold comment, remaining steadfastly neutral throughout the negotiation process. However, a few anonymous insiders privy to the discussions have suggested that the official reveal of this groundbreaking deal could materialize as early as next Wednesday, contingent on the necessary approval from community members of each party.
The linchpin of this historic alliance is the formation of the Superintelligence Collective. This governing body, led by SingularityNET’s visionary founder and chief executive officer Ben Goertzel, will be responsible for steering the new entity’s strategic roadmap. Joining him at the helm will be Fetch.ai’s CEO Humayun Sheikh, famed for his early investment in DeepMind, which was acquired by Google later.
This unique structural assembly is designed to meld and capitalize on each platform’s respective technological philosophies, thereby fostering an atmosphere conducive to the cultivation of decentralized AI—a stark contrast to the traditional corporate model driven by shareholder stakes.
This daring maneuver is set against the express interest and surge of investment from established tech giants in AI technology. AI’s potential for widespread transformation of nearly every industry has reached a general consensus among these corporations, driving a correlational movement in the cryptocurrency community. As interest swells, SingularityNET, Fetch.ai, and Ocean Protocol are at the forefront, developing trailblazing decentralized AI solutions squarely aimed at democratizing the advancements in this field. Their goal is to ensure the benefits of AI technologies permeate beyond the monopolistic consortium of tech magnates.
Notably, Fetch.AI (FET), the largest of the trio in terms of market cap, is on a bullish run after surpassing its all-time high in mid-February. As of the latest report, FET demonstrated its upward trend, trading at $3.24. This eye-catching hike in value gives a glimpse into what could be a bright future for this ambitious undertaking in the ever-evolving world of artificial intelligence.
