Fetch.ai CEO Says AI Token Merger Going Ahead Despite Coinbase Snub, Tells FET Holders To Do Nothing
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 govt 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. Should you maintain FET, do nothing. We’re working arduous to resolve any points please bear with us.
The timeline has not modified. Coinbase has solely introduced that the swap might be by way of custodial wallets. All exchanges have their very own causes and strategies however the merger goes forward and we’re seeing large help from all.”
Earlier this week, high US-based crypto trade Coinbase introduced that it will not be supporting the token merger between the three altcoins. On the time, Coinbase stated that prospects must provoke the merger on their very own.
“Ocean and Fetch.ai have introduced a merger to type the Synthetic Superintelligence Alliance (ASI). Coinbase is not going to execute the migration of those property on behalf of customers…
As soon as the migration has launched, customers will be capable to migrate their OCEAN and FET to ASI utilizing a self-custodial pockets, comparable to Coinbase Pockets. The ASI token merger might 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 used by everyone.”
Section I of the merger is scheduled to happen on July 1st.
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