- The anticipated merger of FET, AGIX and OCEAN tokens has been postponed.
- The delay is as a result of logistical and technical wants of exchanges, validators and different companions within the ecosystem.
- Whereas FET, AGIX and OCEAN are within the pink, Santiment sees a deep shopping for alternative for traders.
The extremely anticipated merger of tokens from Fetch.AI, SingularityNET and Ocean Protocol below the Synthetic Superintelligence Alliance has been postponed.
The group disclosed this growth in an official press assertion dated June 11. In accordance with the report, the brand new ASI token merge date is now set for July 15, 2024, one month later than the unique plan.
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 to work with third events necessitated this strategic re-planning.
Fetch.AI's FET token was initially scheduled to be renamed ASI on June eleventh, with the merger going down on June thirteenth. Nevertheless, below the revised plan, FET, AGIX (SingularityNET Token) and OCEAN (Ocean Protocol Token) will proceed to commerce individually till the brand new merger date.
The alliance assured stakeholders that present tokens will stay lively on exchanges till closing integrations are accomplished. At this level, the ASI token is triggered and the person tokens are merged into ASI.
Humayun Sheikh, CEO of Fetch.ai and Chairman of the Synthetic Superintelligence Alliance, mentioned the dedication to create a decentralized superintelligence community stays steadfast regardless of the delay.
Ben Goertzel, founder and CEO of the SingularityNET Basis and CEO of the Synthetic Superintelligence Alliance, highlighted the progress made within the integration of AI and blockchain applied sciences together with preparations for the merger. He expects the completion of the merger to be a major milestone that can result in extra attention-grabbing developments within the subject of synthetic intelligence.
Bruce Pon, founder and CEO of Ocean Protocol and director of the Synthetic Superintelligence Alliance Council, thanked the group for his or her persistence and guaranteed them that the merger was on observe with no additional delays.
Regardless of the delayed merger, FET, AGIX and OCEAN didn’t see vital value adjustments exterior of the broader market decline. Not too long ago, market intelligence platform Santiment claimed that traders hoarding AI tokens like FET, AGIX and OCEAN may see vital features within the coming days.
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