Fetch.ai, SingularityNET, and Ocean Protocol merge tokens to form a decentralized AI alliance
2024-03-27 11:30:23
Fetch.ai, SingularityNET, and Ocean Protocol announced the merger of their tokens and the creation of a decentralized artificial intelligence (AI) alliance. This alliance aims to provide a decentralized alternative to projects currently controlled by large technology companies. Fetch.ai's local token FET will be transformed into ASI (representing artificial superintelligence), with a total supply of approximately 2.63 billion tokens and a starting price of $2.82. SingularityNET's AGIX and Ocean Protocol's OCEAN tokens will be merged into ASI at a ratio of approximately 0.433 to 1, with a fully diluted market value of approximately $7.5 billion.
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