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Mar 27, 01:53 PM
AI Blockchain Companies Merge Tokens, Eyeing $7.5 Billion DeFi Valuation
Tech
AI

AI Blockchain Companies Merge Tokens, Eyeing $7.5 Billion DeFi Valuation

Authors
  • Bloomberg
  • zerohedge
  • Elja
12

Three leading artificial intelligence companies operating on blockchain technology have agreed to merge their crypto tokens, marking a significant development in the AI and blockchain sectors. The merger involves AGIX, FET, and OCEAN tokens, aiming to create a unified token with a formidable decentralized finance (DeFi) valuation of $7.5 billion. This strategic move is seen as an effort to form a counterbalance to Big Tech-controlled AI projects, fostering a more decentralized and community-driven approach to AI development. The merger has sparked a surge in the value of the involved tokens, with reports indicating a more than 30% increase following rumors of the token merge. The initiative is also part of a broader vision to establish a decentralized AGI (Artificial General Intelligence), with AGI.Eth's last buys at $1 per AGI token now boasting a USD 1 trillion valuation. Industry insiders and stakeholders have expressed enthusiasm for the merger, viewing it as a step towards creating an alternative to big corporate AI and emphasizing the potential of community token economies.

Written with ChatGPT (GPT-4).

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