ASI Token Merger Postponed To July

The Artificial Superintelligence Alliance (ASI) announced its token merger would be postponed to next month after presenting logistical and technical issues.

The Artificial Superintelligence Alliance (ASI) has announced a delay in its highly anticipated token merger. Initially slated to take place on June 13, the merger will now be completed on July 15, 2024, pending the completion of the final integration steps.

The ASI alliance, which comprises three leading AI blockchain projects—Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN)—first announced their plan to merge their tokens in March. This move is part of a broader effort to create a decentralized AI platform that will foster technology advancements accessible to a wider audience.

According to an announcement on Tuesday, the ASI alliance is delaying the token merger from June 13 to July 15, 2024, owing to “logistical requirements” and “technical independencies.”

The ASI token merger involves managing complex integrations and attention to numerous moving parts. As a result, the delay was a “strategic decision” to ensure a smooth execution during the process and ensure all “stakeholders’ needs are adequately met.”

Following the announcement, the three AI tokens saw a negative price impact in the following hours. However, the tokens have now recovered from the drop. As of this writing, FET is trading above the $1.7 price range. The surge represents a 6.7% increase in the last hour and a 4.4% recovery from its price 24 hours ago.

Similarly, AGIX and OCEAN have seen a 5.7% and 5.5% surge in the last hour. This represents a 3.4% and 3% increase since the ASI token merger delay announcement.