These are the SingularityNET (AGIX) , Fetch.ai (FET) and Ocean Protocol (OCEAN) projects .
SingularityNET combines artificial intelligence with blockchain and its main goal is to create general artificial intelligence.
Fetch.ai, in turn, enables developers and businesses to create, deploy and monetize applications and services powered by artificial intelligence.
Ocean Protocol then focuses on the monetization of data and services that are based on data. It also uses blockchain for this.
The token pool is part of a closed partnership called the Artificial Superintelligence Alliance . AGIX, FET and OCEAN tokens would be merged into a single token called ASI. This should work across a combined decentralized artificial intelligence network and deliver massive performance.
ASI will be a universal token that aims to streamline transactions within the ecosystem and facilitate collaboration between developers, researchers and users.
The combined value of all three mentioned tokens was $7.6 billion as of March 26. The combination of tokens will still require the approval of each of the communities of individual cryptocurrencies.
The partnership has a vision that artificial intelligence should be used primarily for the benefit of humanity. It emphasizes the need for decentralized management to prevent the concentration of control of artificial intelligence within large corporations such as Microsoft, Google or Meta.
How did the tokens themselves react to the announcement?
AI tokens experienced a significant increase in price already during February. The growth was caused by the introduction of the new Sora model from OpenAI. Subsequently, many tokens that are in any way connected with artificial intelligence rode on the wave of positive energy.
The current intention to combine its three tokens and create a new cryptocurrency has had its effect on the price growth of all three mentioned tokens.
AGIX has seen an increase of more than 30% in the last week alone. On the day the plan was announced, March 27, the price of the token rose by 10%. It is currently trading at $1.16.
We can observe a similar development in the other two cryptocurrencies. The FET began to react to possible speculation and the upward movement began earlier, already on March 25. From $2.45 it went up to $2.9 in 2 days. It broke the $3.2 mark on the day the news was announced. It is now trading at $2.82.
The OCEAN token reacted the most. It went from $1.22 to $1.7 shortly after the announcement. But it also saw a decline afterwards, closing the day at $1.4, still up 15% from the start of the day. Now its price is $1.2.
