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The highly anticipated merger of tokens by Fetch.AI, SingularityNET, and Ocean Protocol under the Artificial Superintelligence Alliance has been postponed.
The team disclosed this development in an official press statement dated June 11. Per the report, the new date for the ASI token merger is now set for July 15, 2024, a month later than the original schedule.
The delay stems from the need to ensure a smooth transition by accommodating the logistical and technical needs of exchanges, validators, and other ecosystem partners. The complexity of the integration process and the need for third-party collaborations have necessitated this strategic rescheduling.
Originally, Fetch.AI’s FET token was slated to be renamed to ASI on June 11, with the merger occurring on June 13. However, under the revised plan, FET, AGIX (SingularityNET’s token), and OCEAN (Ocean Protocol’s token) will continue to trade independently until the new merger date.
The alliance has assured stakeholders that the existing tokens will remain active on exchanges until the final integrations are complete. At that point, the ASI token will launch, and the individual tokens will consolidate into ASI.
Humayun Sheikh, CEO of Fetch.ai and chairman of the Artificial Superintelligence Alliance, stated that the commitment to creating a decentralized superintelligence network remains unwavering despite the delay.
Ben Goertzel, founder and CEO of SingularityNET Foundation and CEO of the Artificial Superintelligence Alliance, highlighted the progress made in integrating AI and blockchain technologies alongside the merger preparations. He anticipates that the completion of the merger will be a significant milestone, leading to more exciting developments in AI.
Bruce Pon, founder and CEO of Ocean Protocol and board director of the Artificial Superintelligence Alliance Council, thanked the community for their patience and reassured them that the merger is on track, with no further delays expected.
Despite the delayed merger, FET, AGIX, and OCEAN have not experienced significant price changes beyond the broader market dip. Recently, market intelligence platform Santiment asserted that investors accumulating AI tokens like FET, AGIX, and OCEAN could see substantial profits in the coming days.
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