Coinbase Won’t Support Upcoming AI Token Merger Between Fetch.ai, Ocean Protocol and SingularityNET
Prime US alternate Coinbase isn’t going to facilitate the deliberate merger of a number of synthetic intelligence altcoin tasks right into a single new crypto.
In an announcement through the social media platform X, Coinbase says that clients must provoke the merger on their very own.
“Ocean (OCEAN) and Fetch.ai (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.”
In March, Fetch.ai (FET), Singularitynet (AGIX) and Ocean Protocol (OCEAN) introduced a plan to merge with an goal to create the most important unbiased 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 keeping with a current undertaking update.
“Starting July 1, the token merger will temporarily consolidate SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into Fetch.ai’s FET, before transitioning to the ASI ticker symbol at a later date. This update enables an efficient execution of the token merger, and outlines the timelines and crucial steps for token holders, ensuring a smooth and transparent process.”
Coinbase says customers can impact the merger on their very own utilizing their wallets.
“Once the migration has launched, users will be able to migrate their OCEAN and FET to ASI using a self-custodial wallet, such as Coinbase Wallet. The ASI token merger will be compatible with all major software wallets.”
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