Three decentralized AI projects, Fetch.ai, SingularityNET, and Ocean Protocol, are merging to create the Artificial Superintelligence Alliance (ASI) with a market cap of $7.5 billion.

The merger will result in the launch of the ASI token, replacing existing AGIX, FET, and OCEAN tokens, with a conversion mechanism for users to obtain ASI tokens at a fixed rate.

The goal of the ASI Alliance is to challenge the control of Big Tech over AI and expedite the development of Artificial General Intelligence.

Token swap will be permanently accessible for OCEAN and AGIX holders with self-custody wallets, pending approval from the respective AI communities.

The merger has been met with market optimism, evidenced by a rise in the value of Fetch.AI by 12%, SingularityNET by 10%, and Ocean Protocol by 23%.

Post-merger, the three organizations will maintain independent operations but will work together within the ASI's shared economic framework.