- The anticipated token merger of FET, AGIX, and OCEAN has been postponed.
- The delay is because of the logistical and technical wants of exchanges, validators, and different ecosystem companions.
- Whereas FET, AGIX, and OCEAN are in pink, Santiment sees a profound shopping for alternative for traders.
The extremely anticipated merger of tokens by Fetch.AI, SingularityNET, and Ocean Protocol below the Synthetic Superintelligence Alliance has been postponed.
The workforce disclosed this improvement in an official press assertion dated June 11. Per the report, the brand new date for the ASI token merger is now set for July 15, 2024, a month later than the unique schedule.
The delay stems from the necessity to guarantee a clean transition by accommodating the logistical and technical wants of exchanges, validators, and different ecosystem companions. The complexity of the mixing course of and the necessity for third-party collaborations have necessitated this strategic rescheduling.
Initially, Fetch.AI’s FET token was slated to be renamed to ASI on June 11, with the merger occurring on June 13. Nevertheless, below the revised plan, FET, AGIX (SingularityNET’s token), and OCEAN (Ocean Protocol’s token) will proceed to commerce independently till the brand new merger date.
The alliance has assured stakeholders that the present tokens will stay energetic on exchanges till the ultimate integrations are full. At that time, the ASI token will launch, and the person tokens will consolidate into ASI.
Humayun Sheikh, CEO of Fetch.ai and chairman of the Synthetic Superintelligence Alliance, acknowledged that the dedication to making a decentralized superintelligence community stays unwavering regardless of the delay.
Ben Goertzel, founder and CEO of SingularityNET Basis and CEO of the Synthetic Superintelligence Alliance, highlighted the progress made in integrating AI and blockchain applied sciences alongside the merger preparations. He anticipates that the completion of the merger can be a big milestone, resulting in extra thrilling developments in AI.
Bruce Pon, founder and CEO of Ocean Protocol and board director of the Synthetic Superintelligence Alliance Council, thanked the group for his or her persistence and reassured them that the merger is on monitor, with no additional delays anticipated.
Regardless of the delayed merger, FET, AGIX, and OCEAN haven’t skilled important value modifications past the broader market dip. Lately, market intelligence platform Santiment asserted that traders accumulating AI tokens like FET, AGIX, and OCEAN might see substantial earnings within the coming days.
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