Three major artificial intelligence altcoins are preparing for a merger worth a total of $7.5 billion.
According to a report by Bloomberg, the tokens of three giant artificial intelligence altcoins are 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 combined diluted value of AGIX, FET, and OCEAN cryptocurrencies will be approximately $7.5 billion. People who preferred to remain anonymous due to the critical nature of the information said that today’s announcement is contingent on the approval of community members.
In addition, it was 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. Humayun Sheikh, CEO of Fetch.ai, will chair the collaboration.
FET, AGIX, and OCEAN are on the Rise
As part of the merger, OCEAN, which has the smallest market value, showed a significant increase of 35%, while FET had a 7.5% increase.
AGIX, on the other hand, dazzled with a 15% price increase based on market value.
