Three AI-Crypto Firms Are Said to Near Deal to Merge Tokens
Mar 27, 2024 - bloomberg.com
Three AI companies, SingularityNET, Fetch.ai, and Ocean Protocol, which operate on blockchain, are reportedly in discussions to merge their crypto tokens. The aim is to develop a decentralized AI platform. The merged token, known as ASI, would have a fully diluted value of approximately $7.5 billion.
The deal could be announced as early as Wednesday, pending approval from each community's members. The sources, who wished to remain anonymous, stated that the information was confidential.
Key takeaways:
Three artificial intelligence companies, SingularityNET, Fetch.ai and Ocean Protocol, are considering merging their crypto tokens.
The proposed merger aims to help the companies develop a decentralized AI platform.
The new token, ASI, would have a fully diluted value of about $7.5 billion.
The deal, which could be announced soon, requires approval from the members of each community.
