Contained in the Fetch.ai AI Token Merger: A Two-Part Course of with Coinbase Caveat

• Fetch.ai CEO Humayun Sheikh confirms that the FET, OCEAN, and AGIX merger is on schedule regardless of Coinbase’s refusal to help it.
• OCEAN and AGIX will merge into FET, requiring no delisting or relisting on centralized exchanges.
• The merger will unfold in two phases, beginning July 1, integrating AGIX and OCEAN into FET and rebranding seamlessly.

In a latest X publish, Fetch.ai CEO Humayun Sheikh confirmed the upcoming AI token merger of FET, Ocean Protocol (OCEAN), and SingularityNet (AGIX).

Regardless of Coinbase’s refusal to help the merger, the mixing stays on schedule.

Sheikh defined that OCEAN and AGIX will merge into FET, that means centralized exchanges don’t must delist or relist FET. He assured FET holders that no motion is required on their half. Sheikh additionally talked about his crew’s efforts to deal with any points. Coinbase said customers might migrate their OCEAN and AGIX tokens to the brand new ASI token through Coinbase Pockets or different self-custodial wallets. All main wallets will help the merger.

The merger will unfold in a structured two-phase course of. Part 1 begins on July 1 and can combine AGIX and OCEAN tokens into Fetch.ai’s FET. This stage lays the inspiration for rebranding, guaranteeing a seamless transition throughout platforms like CoinMarketCap and CoinGecko. FET buying and selling will proceed uninterrupted throughout this era.

Part 1 focuses on bringing exchanges and information aggregators on board and guaranteeing a clean transition throughout rebranding. Key actions embrace updating challenge names and logos on July 1. Moreover, AGIX and OCEAN tokens shall be delisted from exchanges. Singularity DAO’s decentralized functions (dApps) will launch a migration platform to facilitate the method.

At present, the Fetch.ai value is $1.44, with a 24-hour buying and selling quantity of $150.1 million. It’s up 8.69% within the final 24 hours. Its stay market cap is $1.22 billion, and its circulating provide is 848.2 million FET cash.

Ocean Protocol is valued at $0.61 with a 24-hour buying and selling quantity of $41.47 million. Ocean Protocol is up 7.18% within the final 24 hours. Its stay market cap is $347.7 million, with a circulating provide of 568.4 million OCEAN cash and a max provide of 1.41 billion OCEAN cash.

Furthermore, SingularityNET’s value is $0.61, and its 24-hour buying and selling quantity is $45.16 million. It has been up 7.45% within the final 24 hours. Its stay market cap is $790 million, and its circulating provide is 1.29 billion AGIX cash, with a most provide of two billion AGIX cash.

The merger goals to consolidate the strengths of Fetch.ai, Ocean Protocol, and SingularityNet. This integration is predicted to impression the AI and blockchain industries, streamline operations, and improve token utility.