Contained in the Fetch.ai AI Token Merger: A Two-Step Course of with Coinbase Discover

• Fetch.ai CEO Humayun Sheikh confirms that FET, OCEAN and AGIX merger is deliberate regardless of Coinbase's rejection of help.
• OCEAN and AGIX will probably be merged into FET, which is not going to require any delisting or overwriting on centralized exchanges.
• The merger will happen in two phases, beginning on July 1st, with the combination of AGIX and OCEAN into FET and a seamless rebranding.

In a current X submit, Fetch.ai CEO Humayun Sheikh confirmed the upcoming AI FET, Ocean Protocol (OCEAN) and SingularityNet (AGIX) token merger.

Regardless of Coinbase refusing to help the merger, the combination stays on schedule.

Sheikh defined that OCEAN and AGIX will probably be merged into FET, which implies centralized exchanges don’t have to take away or relist FET. He assured FET holders that no motion was required on their half. Sheikh additionally talked about his workforce's efforts to resolve any issues. Coinbase stated that customers can migrate their OCEAN and AGIX tokens to the brand new ASI token by way of a Coinbase pockets or different self-managed wallets. All main wallets will help the merge.

The merger will happen in a structured two-phase course of. Section 1 begins on July 1st and can combine AGIX and OCEAN tokens into Fetch.ai's FET. This part lays the groundwork for rebranding and ensures a seamless transition between platforms like CoinMarketCap and CoinGecko. FET buying and selling will proceed uninterrupted throughout this era.

Section 1 focuses on partaking exchanges and knowledge aggregators and making certain a easy transition through the rebrand. Key actions embody updating venture names and logos on July 1. Moreover, AGIX and OCEAN tokens will probably be faraway from the exchanges. The Singularity DAO's decentralized purposes (dApps) will launch a migration platform to facilitate your entire course of.

Fetch.ai is at present priced at $1.44, with a 24-hour buying and selling quantity of $150.1 million. It has elevated by 8.69% within the final 24 hours. Its reside market cap is $1.22 billion and its circulating provide is 848.2 million FET cash.

Ocean Protocol is valued at $0.61 with a 24-hour buying and selling quantity of $41.47 million. Ocean Protocol is up 7.18% within the final 24 hours. Its reside market cap is $347.7 million, with a circulating provide of 568.4 million OCEAN cash and a max provide of 1.41 billion OCEAN cash.

Moreover, SingularityNET worth is $0.61 and its 24-hour buying and selling quantity is $45.16 million. It has elevated by 7.45% within the final 24 hours. Its reside market cap is $790 million and its circulating provide is 1.29 billion AGIX cash, with a max provide of two billion AGIX cash.

The merger goals to consolidate the strengths of Fetch.ai, Ocean Protocol and SingularityNet. This integration is predicted to affect the AI ​​and blockchain trade, streamlining operations and rising the utility of tokens.