Crypto: Fetch.ai, SingularityNET, and Ocean merge into a single AI project!
Three pioneering crypto projects in artificial intelligence, Fetch.ai, SingularityNET, and Ocean Protocol, are in talks to merge their tokens into one, dubbed ASI (Artificial SuperIntelligence). This unprecedented alliance aims to democratize AI and counter the dominance of tech giants.
Fetch.ai, SingularityNET, and Ocean Protocol come together in a single decentralized AI project!
According to sources close to the matter reported by Bloomberg M&A, SingularityNET, FetchAI, and Ocean Protocol are discussing a potential merger of their respective tokens. The new crypto, AltSignals (ASI), would thus have a fully diluted valuation of 7.5 billion dollars.
Their common goal is to develop decentralized AI protocols based on blockchain, free from the control of centralized parties.
This revolutionary merger could be announced as soon as Wednesday, subject to the approval of their respective communities. The three crypto platforms will continue to operate independently, but will collaborate within a new collective of superintelligence led by Ben Goertzel, founder of SingularityNET.
Humayun Sheikh, CEO of Fetch.ai, will assume the chairmanship. Together, they aspire to create a groundbreaking decentralized AI platform, where collaboration and transparency will be the watchwords.
According to CoinMarketCap, the crypto Fetch.ai (FET) currently has the largest market capitalization of the three, at 2.72 billion dollars, followed by SingularityNet (AGIX) at 1.7 billion dollars and Ocean Protocol (OCEAN) at 927 million dollars.
Towards the Democratization of AI
This announcement comes in a context of unprecedented enthusiasm for artificial intelligence. Rumors suggest a Saudi project for a 40 billion dollar investment fund dedicated to AI, in partnership with venture capital firm Andreessen Horowitz (a16z). If this fund is launched in the second half of 2024, it would make the Saudi government the largest investor in the field.
In the meantime, Microsoft has invested 13 billion dollars in OpenAI, the creator of ChatGPT, while Google has accepted a 250 million euro fine imposed by the French competition authority for violating European copyright laws during the training of its AI model.
In summary, the initiative by Fetch.ai, SingularityNET, and Ocean Protocol marks a major turning point towards a more decentralized, collaborative, and ethical AI. Beyond just merging their tokens, they propose a real vision for the future, where they will put artificial intelligence at the service of everyone.
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Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.