AI tokens associated with Fetch.AI, SingularityNET, and Ocean Protocol have seen a remarkable 30% increase in value over the course of the week. The surge in token prices comes just a day after the three projects made a groundbreaking announcement of their plans to merge into a single entity, forming what is now being referred to as the Superintelligence Alliance. Pending approval from their respective communities, this merger would create an expansive decentralized AI ecosystem.
Following the news, Fetch.AI’s FET token skyrocketed to $3.41, marking a 33% increase, while SingularityNET’s AGIX reached $1.43, experiencing a significant 36.2% surge. Ocean Protocol’s OCEAN token also saw substantial growth, reaching $1.50 with a 32.5% increase.
The Superintelligence Alliance, according to Fetch.AI, will bring together Fetch.AI’s autonomous AI agents and blockchain infrastructure, SingularityNET’s research and development capabilities, and Ocean Protocol’s data sharing and monetization expertise.
In a related development, other AI tokens experienced a surge on Tuesday following news of the IOTA Foundation’s plan to launch a $10 million investment fund at the upcoming Investopia event in Abu Dhabi. The IOTA cryptocurrency, established in 2016, has seen a weekly increase of 11.2%, currently valued at $0.35.
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