Coinbase has decided against facilitating the upcoming migration of SingularityNet, Fetch.ai, and Ocean Protocol AI tokens to the new Artificial Superintelligence Alliance cryptocurrency.
This process will first see a migration of SingularityNET's AGIX and Ocean Protocol's OCEAN tokens into Fetch.ai's FET, followed by transitioning the resultant combined FET tokens into the new Artificial Superintelligence Alliance cryptocurrency later in the month.However, on Wednesday, a Coinbase Assets X post said, "Ocean and Fetch.ai have announced a merger to form the Artificial Superintelligence Alliance .
"The ASI token merger will be compatible with all major software wallets," Coinbase Assets X account added. Coinbase Assets also emphasized that although it will not facilitate the migration, users can continue to trade FET and OCEAN tokens as usual until further notice.In March, Fetch.ai, SingularityNET, and Ocean Protocol, entered into an agreement to merge tokens to create the combined Artificial Superintelligence Alliance cryptocurrency.
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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.
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Coinbase opts out of ASI token migration as $7.5B merger proceedsCoinbase 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.
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