The post Fetch.ai Founder Clears Key Misconceptions about Merger with OCEAN and AGIX appeared on BitcoinEthereumNews.com.

Coinspeaker Fetch.ai Founder Clears Key Misconceptions about Merger with OCEAN and AGIX Humayun Sheikh, the founder of Fetch.ai recently took to X to share insights into the platform’s proposed merger with SingularityNET and Ocean Protocol. Coinbase Withdraws Support For ASI Token Merger Just a few days before the start of the merger process, American cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) decided against supporting the move. “Coinbase will not execute the migration of these assets on behalf of users,” the exchange said. In response to this statement, Sheikh stated that centralized exchanges do not need to either delist or relist Fetch.ai’s FET token. In like manner, those who hold the token were advised to do nothing. He assured users that his team would resolve whatever issues Coinbase’s decision may trigger. $fet is ASI. $ocean and $agix are merging into $fet. CEXs don’t need to delist or relist $fet it is there already. If you hold $fet do nothing. We are working hard to resolve any issues please bear with us. Timeline has not changed. @coinbase has only announced that the swap will… — Humayun (@HMsheikh4) June 27, 2024 The Fetch.ai founder believes that the exchange has its reasons for pulling out its support for the token merger. Notwithstanding, the timeline for the merger remains unchanged as it will go as planned. Meanwhile, Coinbase said it will allow FET and Ocean Protocol’s OCEAN trades as usual until further notice. To this end, it shared a workaround for users: “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.” SingularityNET, Fetch.ai, and Ocean to Merge Tokens The three protocols will form the Artificial Superintelligence Alliance…

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Filed under: News - @ June 28, 2024 4:28 pm