Hassan Maishera
The SingularityNET team announced via X on Thursday that its community members can now vote on the proposed mergers of SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) tokens merger.
If approved, the teams will convert existing AGIX, FET and OCEAN tokens into the new $ASI token. The total supply of $ASI will then be 2,630,547,141 tokens, composed of 866,700,367 allocated to AGIX tokens, 1,152,997,575 allocated to FET tokens and 610,849,199 to OCEAN tokens.
According to SingularityNET, the Superintelligence Alliance will enable massive synergies beyond what could be achieved by the three projects working side-by-side in a loose partnership.
SingularityNET believes today’s AI tools are "fragmented" by closed-development environments. It aims to build a "protocol for connecting AI and machine learning tools, as well as forming effective applications". AGIX, the native token of SingularityNET, is trading at $1.05467, up by 2% in the last 24 hours.
Fetch-ai Network is developing the infrastructure and tooling for creating Web2 and Web3 AI applications. FET is up by 1% in the last 24 hours and now trades at $2.5968.
Ocean Protocol is an ecosystem for the data economy and associated services. Using Ocean software components, users can launch their own data marketplaces on Ocean, connected to the decentralized Ocean data-sharing network. OCEAN is up by 2% in the last 24 hours and is trading at $1.1124.
