Cointelegraph reports that three artificial intelligence protocols, SingularityNet, Fetch.ai, and Ocean Protocol, are planning to merge through a community vote scheduled for April 2. The merger will involve replacing SingularityNet’s AGIX token, Fetch.ai’s FET token, and Ocean Protocol’s OCEAN token with a new token called Artificial Superintelligence Alliance’s ASI token.

The voting process will consist of three separate community votes for each protocol, with the completion set for April 16. The new token is expected to have a fully diluted market capitalization of $7.6 billion across 2.631 billion tokens, compared to the current combined market cap of $5.3 billion for the three tokens.

If approved, users will be able to swap their FET, OCEAN, and AGIX tokens for ASI at fixed rates. Additional ASI tokens will be minted, with AGIX and OCEAN tokenholders receiving a specific amount of ASI per token as a result of the merger.

Operations will be handled smoothly for users holding tokens on exchanges, as the tokens will be automatically converted into ASI. For those holding tokens in self-custody wallets, a swap mechanism will be available indefinitely.

The new Superintelligence Alliance aims to develop decentralized AI protocols on the blockchain that cannot be controlled by centralized entities or major stakeholders.