On March 27, three companies, Fetch.ai, SingularityNET and Ocean Protocol, announced the merger of their tokens and the creation of a decentralized artificial intelligence (AI) alliance. The alliance aims to provide a decentralized alternative to projects currently controlled by large tech companies. Fetch.ai's native token FET will be transformed into ASI (which stands for "Artificial Super Intelligence"), with a total supply of approximately 2.63 billion tokens and a starting price of $2.82. SingularityNET's AGIX and Ocean Protocol's OCEAN tokens will be merged into ASI at a ratio of approximately 0.433 to 1, giving ASI a fully diluted market capitalization of approximately $7.5 billion. Affected by news of potential mergers, related tokens such as AGIX rose in the short term. Related reading: "What are the potential profit opportunities from the merger of three major AI projects?" 》