SingularityNet, Fetch.AI, Ocean Protocol reportedly discuss token merger

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The new token would have a fully diluted valuation of $7.5 billion and a potential deal could be announced as soon as Wednesday.

Three prominent artificial intelligence protocols, SingularityNet, Fetch.ai and Ocean Protocol are in discussions to merge their tokens into an AltSignals token that would have a fully diluted valuation of $7.5 billion.

While the three platforms would continue to operate as separate entities, the new deal would foster their collaboration under a newly formed Superintelligence Collective, run by Ben Goertzel, the founder and CEO of SingularityNet. Humayun Sheikh, the CEO of Fetch.ai, would be the chairman of the new entity, according to the sources.

The Fetch.ai token currently sits at a $2.72 billion market capitalization as the largest of the three coins. SingularityNet’s token has a $1.

 

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