The CEO of synthetic intelligence (AI)-focused Fetch.ai (FET) says its deliberate token merger will nonetheless happen regardless of not being supported by Coinbase.
In a brand new thread on the social media platform X, Fetch.ai chief government Humayun Sheikh says that the deliberate AI token merger between FET, Ocean Protocol (OCEAN) and SingularityNet (AGIX) continues to be slated to occur.
“OCEAN and AGIX are merging into FET. Centralized exchanges (CEXs) don’t have to delist or relist FET. It’s there already. In case you maintain FET, do nothing. We’re working laborious to resolve any points please bear with us.
The timeline has not modified. Coinbase has solely introduced that the swap will likely be through custodial wallets. All exchanges have their very own causes and strategies however the merger goes forward and we’re seeing enormous help from all.”
Earlier this week, prime US-based crypto alternate Coinbase introduced that it might not be supporting the token merger between the three altcoins. On the time, Coinbase stated that clients must provoke the merger on their very own.
“Ocean and Fetch.ai have introduced a merger to type the Synthetic Superintelligence Alliance (ASI). Coinbase won’t execute the migration of those belongings on behalf of customers…
As soon as the migration has launched, customers will have the ability to migrate their OCEAN and FET to ASI utilizing a self-custodial pockets, resembling Coinbase Pockets. The ASI token merger will likely be appropriate with all main software program wallets.”
First introduced in March, the merger goals to type a Superintelligence Alliance designed to alter the sport on how AI is “created, shared and utilized by everybody.”
Part I of the merger is scheduled to happen on July 1st.
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