Coinbase Received’t Assist Upcoming AI Token Merger Between Fetch.ai, Ocean Protocol and SingularityNET

High US trade Coinbase shouldn’t be going to facilitate the deliberate merger of a number of synthetic intelligence altcoin initiatives right into a single new crypto.

In an announcement through the social media platform X, Coinbase says that clients should provoke the merger on their very own.

“Ocean (OCEAN) and Fetch.ai (FET) have introduced a merger to type the Synthetic Superintelligence Alliance (ASI). Coinbase won’t execute the migration of those property on behalf of customers.”

In March, Fetch.ai (FET), Singularitynet (AGIX) and Ocean Protocol (OCEAN) introduced a plan to merge with an goal to create the most important impartial participant in synthetic intelligence (AI) analysis and growth, which they’re calling the Synthetic Superintelligence Alliance (ASI).

The merger is going on in phases, starting July 1st, in accordance with a latest undertaking replace.

“Beginning July 1, the token merger will briefly consolidate SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into Fetch.ai’s FET, earlier than transitioning to the ASI ticker image at a later date. This replace allows an environment friendly execution of the token merger, and descriptions the timelines and essential steps for token holders, guaranteeing a clean and clear course of.”

Coinbase says customers can impact the merger on their very own utilizing their wallets.

“As soon as the migration has launched, customers will be capable of migrate their OCEAN and FET to ASI utilizing a self-custodial pockets, reminiscent of Coinbase Pockets. The ASI token merger shall be suitable with all main software program wallets.”

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