SingularityNET | Alliance Formation & Ecosystem Governance

Background

‍SingularityNET, founded by Dr. Ben Goertzel, is one of the leading forces in decentralized artificial general intelligence (AGI). In 2024, it joined forces with Fetch.ai and Ocean Protocol to form the Artificial Superintelligence (ASI) Alliance, a landmark collaboration uniting three Web3 AI ecosystems under a shared vision.

This was one of the first large-scale token mergers in Web3 history, uniting AGIX, FET, and OCEAN into a consolidated ecosystem asset. At the time of the merger, all three tokens were in the top 100 by market cap. Following the consolidation, the unified token surged into the top 20, demonstrating the scale, momentum, and institutional relevance of the initiative.

To succeed, the alliance needed more than legal documentation. It required a robust, future-proof legal and operational framework capable of supporting ecosystem-wide coordination, token alignment, and regulatory clarity across jurisdictions, while preserving the integrity and governance of the original DAOs.

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The Challenge

• Coordinate a multi-token merger involving AGIX, FET, and OCEAN
• Restructure operations across different legal entities and geographies
• Align internal governance and policies across multiple spinoff ventures
• Maintain regulatory compliance while preparing for rapid ecosystem scaling
• Coordinate decision-making across decentralized governance structures (DAOs)

The transition had to be seamless, preserving momentum while reducing exposure to legal, operational, and reputational risk.

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Our Solution

STORM Partners served as lead legal and strategic advisor throughout the transformation. We provided:

Legal Restructuring & Jurisdictional Strategy

• Established the SingularityNET Foundation in Switzerland, securing favorable tax rulings and laying the foundation for long-term scalability.

Governance Frameworks & Policy Development

• Designed internal governance policies to unify decentralized teams and ensure accountability across the ASI Alliance.
• Facilitated coordination between the founding DAOs to maintain decentralized input while ensuring coherent alliance governance.

Data Protection & Information Security

• Delivered practical, organization-wide guidelines on data privacy and security aligned with European and international standards.

Ecosystem Expansion Support

• Guided multiple affiliated projects—SingularityDAO, NuNet, Cogito, and SophiaVerse—through legal structuring, token compliance, and smart contract negotiation.

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“Over the past two years, STORM Partners has been an essential collaborator in SingularityNET’s growth and operational transformation. They have consistently provided exceptional support, blending deep legal knowledge with a pragmatic approach to execution.”

— Mario Casiraghi, CFO, SingularityNET

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‍Outcome

• Formation of a legally sound, tax-optimized Swiss foundation
• Smooth execution of a complex, multi-stakeholder token merger
• Unified governance infrastructure across a multi-entity alliance
• Frameworks that reduced risk and increased institutional readiness
• Ongoing legal and operational support for ecosystem spinoffs
• A first-of-its-kind legal foundation for a Web3 token merger of this magnitude

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STORM Partners Services Delivered

• Foundation Setup & Legal Structuring
• Tax Strategy
• Token Merger Legal Design
• DAO Coordination & Governance Frameworks
• Data Protection & InfoSec Guidelines
• Ecosystem Project Support
  
  

What This Demonstrates

STORM Partners enables complex Web3 alliances to move beyond legal risk and operate with strategic clarity. By blending legal precision with operational strategy, we help our clients grow with confidence and at scale, even when navigating unprecedented structures like token mergers and decentralized governance integration.

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