"AI Titans Merge Tokens in Game-Changing Consortium: A Bold Future for Blockchain-Based AI Protocols"

A New Dawn in the Cryptocurrency Market: AI Protocols Pave the Way

In a move signalling a potential strategic revolution in the artificial intelligence-based cryptocurrency market, SingularityNet, Fetch.ai, and Ocean Protocol have reportedly come together to discuss a significant token merger. As per insider sources, the proposal concerning this novel AltSignals (ASI) token boasts a fully diluted valuation of a whopping $7.5 billion. Furthermore, the final word on this game-changing development could be publicly announced as early as Wednesday, hinging upon community approval.

While the individual platforms would stay functional as stand-alone entities, this amalgamation would motivate their joint solutions under the aegis of a fresh consortium, the Superintelligence Collective. Spearheaded by SingularityNets founder and CEO, Ben Goertzel, the new entity may witness Humayun Sheikh, CEO of Fetch.ai, as its chairman.

The cooperative effort shared by these platforms originates from their mutual goal of evolving blockchain-based decentralized AI protocols, which are impervious to control by centralized parties or substantial stakeholders.

At this juncture, Fetch.ais token - FET, with a market capitalization of $2.72 billion, is the heftiest of the grouping. This is followed by SingularityNet’s AGIX token at $1.7 billion and Ocean Protocol’s token, OCEAN, at a $927 million market cap, as per CoinMarketCap data.

The proposition for this merger comes at a time when AI protocols are catching the attention of investors and governments worldwide. In the backdrop, the Saudi Arabian government is said to be considering establishing a dedicated $40 billion investment fund to pump money into AI development.

The anticipation for this plan, announced in partnership with Silicon Valley venture capital firm Andreessen Horowitz (a16z), potentially to materialize in late 2024, would transform the Saudi Arabian government into the single largest investor in the AI domain. This commitment far outstrips Microsofts investment into ChatGPT creator OpenAI, which witnessed an injection of $13 billion across multiple periods.

For investors, these developments mark the dawn of a new era in the AI protocols realm. The combined valuation and potential for collaboration under a single token indicate a strong trend towards consolidation in the market. It suggests these blockchain-based AI development-focused organizations are moving towards a strategic alliance to compete with big tech and government-led AI initiatives.

Given the forecasted surge in AI development and investment, market sentiments for AI-based cryptocurrencies could become highly bullish, thereby leading to potential future movements and investment in this direction. Smart investors should keep an eye on this space, as the confluence of AI and blockchain is set to create exciting opportunities in the coming years.

In conclusion, the movements and developments in this sector are indicative of the growing importance and acceptance of AI in the blockchain and cryptocurrency world. The anticipated token merger of SingularityNet, Fetch.ai, and Ocean Protocol denotes not only a significant evolution in how these platforms operate but also essentially shapes the future of the AI protocol development market.