Fetch.ai, SingularityNET and Ocean Protocol merge tokens to form decentralized AI alliance

Fetch.ai, SingularityNET, and Ocean Protocol have announced a merger of their tokens to create a decentralized Artificial Intelligence (AI) alliance. The alliance aims to provide a decentralized alternative to projects currently controlled by large tech companies. Fetch.ai's native token FET will be converted to ASI (representing Artificial Super Intelligence) with a total supply of approximately 2.63 billion tokens and an initial price of $2.82. SingularityNET's AGIX and Ocean Protocol's OCEAN tokens will be merged into ASI at a ratio of approximately 0.433 to 1, with ASI's fully diluted market value estimated at approximately $7.5 billion.