The token merger will drive new resources and create new collaborations to bolster decentralized AI development, ChainGPT’s CEO told Cointelegraph.
The upcoming token merger of prominent artificial intelligence (AI) protocols SingularityNet, Fetch.ai, and Ocean Protocol will set a new standard for decentralized AI development, Ilan Rakhmanov, the CEO and founder of ChainGPT, told Cointelegraph in an interview. He explained:
The $7.5 billion AI token merger was confirmed on March 27, hours after reports started emerging of the potential deal. The three protocols are united by the common goal of developing blockchain-based decentralized AI protocols, which can’t be controlled by centralized parties or large stakeholders.
The high-level merger is a testament to the benefits of decentralized AI over its centralized counterparties, according to ChainGPT’s Rakhmanov: