Three AI-Crypto Firms Agree on Deal to Merge Their Tokens

Three artificial intelligence companies that operate on blockchain have agreed to merge their crypto tokens, a move aimed at helping them develop a decentralized AI platform.

SingularityNET, Fetch.ai and Ocean Protocol will merge their tokens into a single token known as ASI that would have a fully diluted value of about $7.6 billion, they said in a statement Wednesday, confirming an earlier report by Bloomberg News. The deal hinges on approval from the members of each community.

“We wanted to build one of the world’s first open and decentralized networks which actually enables AGI (artificial general intelligence) to be ...