AI Blockchain Titans Fetch.AI, SingularityNET, Ocean Protocol Eye Merger

By: Eva Baxter

The three leading artificial intelligence blockchain projects—Fetch.AI, SingularityNET, and Ocean Protocol—are reported to be on the brink of a potential merger, with intentions to create a new entity named Artificial Superintelligence (ASI). The initiative aims to pose a substantial challenge against entrenched tech behemoths like Google, Microsoft, and Apple by leveraging the benefits of blockchain for AI development.

Upon the revealing of these talks, market reactions have been largely positive. In the last 24 hours, Fetch.AI has witnessed a 12% increase, SingularityNET a 10% rise, and Ocean Protocol a significant 23% surge in their values. This mooted consolidation aims to combine the three tokens into an ASI token, projected to have a fully diluted value close to $7.5 bn, with the merger's completion relying on approval from respective platform communities.

Leadership of this bold venture is expected to fall on Ben Goertzel, founder and CEO of SingularityNET, and Humayun Sheikh, CEO of Fetch.ai. Their combined expertise aims to harmonize the distinct technological strengths of each platform, fostering an environment where decentralized AI can prosper away from the conventional corporate model dominated by shareholder interests. While the projects are in anticipation for further details, it's clear that this merger, if realized, has the potential for significant progress for decentralized AI development on blockchain platforms.