In a groundbreaking move, three industry giants, Fetch.ai, SingularityNET, and Ocean Protocol, have revealed plans for a significant collaboration. The agreement aims to merge their tokens to create a unified AI token known as Artificial Super Intelligence (ASI).

Termed the Artificial Super Intelligence Alliance, this merger signifies a crucial step in leveraging the collective power of these platforms to advance AI capabilities.

Token Value Surge amid Merger News

The announcement of the proposed merger has had a noticeable impact on the market dynamics surrounding the projects' tokens. Fetch.ai, SingularityNET, and Ocean Protocol have seen substantial increases in the value of their tokens following the news, demonstrating investor confidence in the collaboration's potential benefits.

Fetch.ai (FET) experienced a 15% surge, SingularityNET (AGIX) gained 12% in 24 hours, and Ocean Protocol's token saw an impressive 36% increase over the same period.

Key Benefits of the Alliance

The decision to merge tokens reflects a strategic effort to combine resources and expertise to accelerate progress in artificial intelligence. By pooling their strengths and networks, Fetch.ai, SingularityNET, and Ocean Protocol aim to encourage collaboration and interoperability, creating new opportunities for innovation.

The Artificial Super Intelligence Alliance aims to drive breakthroughs in machine learning, decentralized data exchange, and autonomous agent technologies. The projects must submit integration proposals to their governance communities within a deadline. Following a 14-day consultation period, voting on the proposal will take place between April 2 and April 16.

Upon approval, FET will transition to ASI with a total supply of 2.63 billion tokens priced at $2.82. AGIX and Ocean Protocol will also migrate to ASI with specific conversion rates. The merged ASI token is estimated to have a fully diluted value of $7.5 billion based on current prices.

Collaboration of Industry Leaders in AI

Deutsche Telekom, Bosch, and Fetch.ai Foundation have partnered to drive AI technology advancement. By combining their strengths, the partners aim to develop innovative AI solutions that address real-world challenges and create opportunities for businesses and consumers.

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