Three major artificial intelligence altcoins are preparing for a merger worth a total of $7.5 billion.
According to Bloomberg’s report, the tokens of three major artificial intelligence altcoins appear to be close to reaching an agreement to merge.
According to the news, the artificial intelligence-focused cryptocurrency companies SingularityNET, Fetch.ai, and Ocean Protocol are in talks to merge their altcoins to develop a decentralized artificial intelligence platform.
According to sources familiar with the matter, the diluted value of the AGIX, FET, and OCEAN cryptocurrencies will be approximately $7.5 billion. Individuals who chose to remain anonymous due to the sensitive nature of the information said that today’s announcement is subject to the approval of community members.
It was also stated that the three platforms will continue to operate as separate entities but will collaborate under the guidance of a formation called “Superintelligence Collective” led by SingularityNET founder and CEO Ben Goertzel. Fetch.ai CEO Humayun Sheikh will serve as chairman.
FET, AGIX, and OCEAN on the Rise
As part of the merger, OCEAN, which has the smallest market value, showed a performance increase of 35%, while FET saw a 7.5% increase.
AGIX, on the other hand, dazzled with a 15% price increase based on market value.
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