Fetch.ai, SingularityNET, and Ocean Protocol Reschedule Token Merger for July 15

More information, including token contracts, migration details, and audits, will be shared this week.

Fetch.ai, SingularityNET, and Ocean Protocol Announce New Date for Token MergerThe ASI Alliance, an alliance formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol, has announced a new date for their anticipated token merger. The event, initially set for June 13, is now slated for July 15, according to a press release shared by the team.

Back in March, Fetch.ai, SingularityNET, and Ocean Protocol announced their collaboration to build an ethical and decentralized artificial intelligence ecosystem. As part of this initiative, their respective tokens, including FET, AGIX, and OCEAN, will be merged into a single token called the Artificial Superintelligence token (ASI).

The preparation for the merger involves complex integrations and coordination with various third-party entities, which is crucial for ensuring a smooth transition. The rescheduling is intended to guarantee the seamless handling of technical and logistical requirements involving exchanges, validators, and ecosystem partners, according to the team.

“The ASI token merger is a highly anticipated event within the Fetch.ai community and the broader Web3 ecosystem. To ensure the smoothest possible integration, we're working closely with exchanges, validators, and ecosystem partners to prepare for the merger and the subsequent listing of the ASI token,” Fetch.ai founder and CEO Humayun Sheikh said in the press release.

The ASI token will serve as the native currency and governance token for an ecosystem that aims to advance artificial intelligence technology. The merger is expected to create a powerful community and drive the development of decentralized AI applications.

“The merger will create a vibrant community centered around a shared vision of empowering humanity through decentralized artificial intelligence. Together, we're building the foundations for a new era of technological advancement and human flourishing,” SingularityNET founder and CEO Ben Goertzel said.

The merger will also coincide with the launch of the ASI Foundation, a non-profit organization dedicated to promoting and supporting the development of beneficial and ethical artificial intelligence. The foundation will be responsible for distributing grants, organizing events, and engaging in advocacy efforts to advance the ASI ecosystem.

“The launch of the ASI Foundation marks a significant milestone in our collective journey towards building an AI ecosystem that aligns with our deepest human values. Through the foundation, we aim to inspire, educate, and empower the next generation of AI pioneers,” Ocean Protocol founder and CEO Trent McConaghy said.

The ASI token will be listed on several centralized and decentralized exchanges following the merger. The full details, including token contracts, migration instructions, and audits, will be shared by the ASI Alliance team this week, according to the press release.