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<p>AI crypto heavyweights Fetch.ai, SingularityNET, and Ocean Protocol are discussing a token merger to create a joint Artificial Superintelligence (ASI) token.</p> 
<p>Under the proposed deal, the three platforms will continue operating as separate entities, but their individual tokens will be merged into ASI.</p> 
<p>The combined market capitalizations of the three tokens currently totals $5.41 billion, according to <a href="https://coinmarketcap.com/view/ai-big-data/">CoinMarketCap</a>. That sets up to challenge NEAR Protocol as the AI crypto sector’s biggest token by market cap. NEAR’s market cap stands at $7.6 billion.</p> 
<p>The new ASI token will have a fully diluted valuation of $7.5 billion.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">🔔 <a href="https://twitter.com/SingularityNET?ref_src=twsrc%5Etfw">@SingularityNET</a>, <a href="https://twitter.com/Fetch_ai?ref_src=twsrc%5Etfw">@Fetch_ai</a>, and <a href="https://twitter.com/oceanprotocol?ref_src=twsrc%5Etfw">@oceanprotocol</a> reportedly discuss a $7.5 billion token merger.</p> 
 <p>➡️ The new token would have a fully diluted valuation of $7.5 billion.<a href="https://t.co/ECbC5YXiv6">https://t.co/ECbC5YXiv6</a></p> 
 <p>➡️ Follow Us <a href="https://twitter.com/psquarevc?ref_src=twsrc%5Etfw">@psquarevc</a> | <a href="https://twitter.com/pSquare_Daily?ref_src=twsrc%5Etfw">@pSquare_Daily</a> <a href="https://t.co/6Y5p3DWTRu">pic.twitter.com/6Y5p3DWTRu</a></p> 
 <p>— Psquare Daily (@pSquare_Daily) <a href="https://twitter.com/pSquare_Daily/status/1773054303000735785?ref_src=twsrc%5Etfw">March 27, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The news triggered gains for the existing tokens. FET rose almost 8% in the past 24 hours as of 10.20 a.m. EST, AGIX is up 4.4% and OCEAN 2.6%.</p> 
<h2 id="ai-crypto-titans-merger-details">AI Crypto Titans’ Merger Details</h2> 
<p>Fetch.ai’s $FET token will change to ASI with a total supply of 2.63 billion tokens, Singularity.NET’s AGIX will convert to ASI at a rate of 0.43335:1, and OCEAN’s conversion rate is set at 0.433226:1.</p> 
<p>The CEO of Singularity.NET, Ben Goertzel, will run the merged entity while the CEO of Fetch.ai, Humayun Sheikh, will serve as the chairman.</p> 
<p>A governing council for the alliance will also be set up to monitor and guide the operations of the merged token.</p> 
<p>The projects have already submitted their proposals to the governance communities for a two-week consultation period. The communities will then vote on the proposals between April 2 and April 16.</p> 
<p>The crypto community has complained over the scanty details provided on the merger.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/Fetch_ai?ref_src=twsrc%5Etfw">@Fetch_ai</a> admins and management of FET:<br>I have been a long term holder of FET since its launch, but now I have a serious question. I read that we can exchange the FET token on a 1:1 basis for the new token. But the market cap is twice as high, how do you think that calculation is…</p> 
 <p>— Wolfy 🥷 (@Cryptowolfys) <a href="https://twitter.com/Cryptowolfys/status/1773007565997175096?ref_src=twsrc%5Etfw">March 27, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The merger reflects the growing popularity of crypto projects with AI and other solid technology backing.</p> 
<p>5<sup>th</sup>Scape (<a href="https://insidebitcoins.com/visit/5thscape" target="_blank" rel="noopener nofollow">5SCAPE</a>), a crypto project that’s revolutionizing augmented and virtual reality through AR/VR gaming and education, has one of the most successful presales in 2024, raising over $2.8 million.</p> 
<h3 id="also-read">Also Read:</h3> 
<ul> 
 <li><a href="https://insidebitcoins.com/news/tether-ventures-into-ai-realm-with-focus-on-transparency-and-privacy">Tether Ventures into AI Realm with Focus on Transparency and Privacy</a></li> 
 <li><a href="https://insidebitcoins.com/news/meme-ai-price-prediction-memeai-plummets-18-in-a-week-as-traders-send-1m-in-solana-to-new-cryptocurrency-meme-coin-slothana">Meme Ai Price Prediction: MEMEAI Plummets 18% In A Week As Traders Send $1M In Solana To New Cryptocurrency Meme Coin Slothana</a></li> 
 <li><a href="https://insidebitcoins.com/news/scotty-the-ai-lands-on-mexc-kickstarter-and-exchange-with-33-price-surge">Scotty The AI Lands On MEXC Kickstarter And Exchange With 33% Price Surge</a></li> 
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AI Crypto Heavyweights FET, AGIX, And OCEAN Set To Merge Tokens, Challenge NEAR As AI Sector Leader

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