AI Revolution Goes Decentralized: $7.5B Token Merger Aims To Challenge Big Tech
Portfolio Pulse from Murtuza Merchant
Three blockchain-based AI firms, SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), are discussing a merger of their tokens into a new entity called ASI, valued at $7.5 billion. The merger aims to create a decentralized AI ecosystem, challenging the dominance of large tech companies. Each firm will continue to operate independently within a 'Superintelligence Collective'. Ben Goertzel and Humayun Sheikh are set to lead the initiative.
March 27, 2024 | 3:15 pm
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POSITIVE IMPACT
SingularityNET's token, AGIX, is part of a proposed $7.5 billion merger to create a decentralized AI ecosystem, challenging big tech's dominance.
The merger into ASI represents a significant shift towards decentralization in the AI space, potentially increasing AGIX's utility and demand.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Fetch.ai's token, FET, is involved in a $7.5 billion merger to form ASI, aiming to decentralize the AI market and reduce big tech's influence.
By joining the ASI merger, FET could see increased interest as part of a pioneering decentralized AI collective, boosting its market position.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ocean Protocol's token, OCEAN, is merging into a new entity, ASI, valued at $7.5 billion, to foster a decentralized AI ecosystem.
The inclusion of OCEAN in the ASI merger could enhance its appeal and utility in a community-driven AI ecosystem, potentially uplifting its value.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90