Fetch.ai, SingularityNET, and Ocean Protocol reschedule token merger for July 15

The ASI Alliance, a new alliance formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol, has announced a new date for their anticipated token merger. The event, initially set for June 13, is now slated for July 15, according to a press release shared by the team.

Earlier in March, Fetch.ai, SingularityNET, and Ocean Protocol entered into a collaborative effort to establish an ethical and decentralized artificial intelligence ecosystem. As part of this initiative, their respective tokens, including FET, AGIX, and OCEAN, will be merged into a single token called the Artificial Superintelligence token (ASI).

The mergers preparation involves complex integrations and coordination with various third-party entities, essential for a smooth transition. The rescheduling is to ensure the seamless handling of technical and logistical requirements involving exchanges, validators, and ecosystem partners, according to the team.

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“While the finalization of the ASI token merger is now scheduled for July due to necessary adjustments by our partners, the commitment and vision driving this alliance remain stronger than ever,” stated Humayun Sheikh, CEO of Fetch.ai and chairman of the Artificial Superintelligence Alliance.

“This temporary delay does not impact the substantial progress we have made towards creating a decentralized superintelligence network. Our teams are actively working with centralized exchanges to finalize the remaining steps. We appreciate the continued support and patience of our community and stakeholders as we work through these final logistical steps,” added he.

As noted, FET, AGIX, and OCEAN continue trading independently on exchanges. Once technical integrations with third-party platforms are finalized, the ASI token will launch. At that point, FET, AGIX, and OCEAN will stop trading independently and merge into ASI.

Additionally, token holders have been assured that no immediate action is required from their end, and the merger is expected to proceed without further delays, the team noted. More information about token contracts, migration procedures, and audits will be shared this week.

Bruce Pon, founder and CEO of Ocean Protocol and board director in the Artificial Superintelligence Alliance Council, expressed gratitude for the communitys patience and anticipation for the unified ASI token.

“We appreciate the patience of the community and look forward to a combined $ASI token that is supported by all partners, exchanges and token holders,” said Pon.