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Major US exchange Coinbase will not facilitate the planned merger of multiple AI altcoin projects into one new cryptocurrency.
In an announcement via social media platform X, Coinbase announced: He says That customers will have to initiate the integration process themselves.
“Ocean (OCEAN) and Fetch.ai (FET) have announced their merger to form the Artificial Super Intelligence (ASI) Alliance. Coinbase will not perform the migration of these assets on behalf of users.
In March, Fetch.ai (foot), Singularity Net (AGIX) and the ocean protocolOcean) Advertise They plan to merge with the goal of creating the largest independent player in AI R&D, which they call the AI Superintelligence (ASI) Alliance.
The merger will take place in stages, starting on July 1, according to a recent draft. to update.
“Beginning July 1, the token merge will integrate SingularityNET’s AGIX tokens and Ocean Protocol’s OCEAN tokens into Fetch.ai’s FET, before transitioning to the ASI ticker token at a later date. This update enables efficient implementation of the token merge, and identifies timelines and critical steps for token holders, ensuring a smooth and transparent process.”
Coinbase He says Users can perform the integration process themselves using their wallets.
“Once the migration process is live, users will be able to migrate their OCEAN and FET tokens to ASI using a self-custodial wallet, such as Coinbase Wallet. The ASI token integration will be compatible with all major software wallets.”
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