News Formal

Coinbase opts out of ASI token migration as $7.5B merger proceeds

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

Coinbase will not facilitate the migration of AI tokens Ocean and Fetch.ai into ASI. Users can use self-custodial wallets for the $7.5 billion token merger.

Coinbase has chosen not to support the upcoming migration of the Artificial Superintelligence Alliance for its users. This migration involves a $7.5 billion token merger between the AI protocols SingularityNet, Fetch.ai, and Ocean Protocol.

“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.”During the initial merger announcement in March, it was revealed that users would be able to swap FET tokens for ASI at a rate of 1:1. According to Fetch.ai:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fetch.ai, SingularityNET, Ocean Protocol Set Date for Artificial Superintelligence Alliance MergerJamie Crawley is a CoinDesk news reporter based in London.
Source: CoinDesk - 🏆 291. / 63 Read more »

FET to begin ASI merger with AGIX and OCEAN on July 1Fetch.ai (FET) announced in an X post on Wednesday that it will begin the ASI token merger with Ocean Protocol (OCEAN) and SingularityNET (AGIX) on July 1.
Source: FXStreetNews - 🏆 14. / 72 Read more »

SingularityNET announces ASI token merger dates for FET, AGIX, OCEANSingularityNET announces the ASI token merger dates for FET, AGIX, and OCEAN tokens, starting June 11 and finalizing June 13, to create a unified decentralized AI network.
Source: Cointelegraph - 🏆 562. / 51 Read more »