• Fetch.ai CEO Humayun Sheikh confirmed that the FET, OCEAN and AGIX merger is continuing as deliberate, regardless of Coinbase’s refusal to assist it.
• OCEAN and AGIX might be built-in into FET and won’t require delisting and relisting on any centralized change.
• The merger will happen in two phases beginning July 1, with AGIX and OCEAN being built-in into FET and seamlessly rebranded.

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

Regardless of Coinbase's refusal to assist the merger, the combination is continuing as scheduled.

Sheikh defined that centralized exchanges won’t must delist or relist FET as OCEAN and AGIX might be built-in into FET. He assured FET holders that no motion is required. Sheikh additionally talked about the crew's efforts to deal with the problem. Coinbase mentioned customers can migrate their OCEAN and AGIX tokens to the brand new ASI token through Coinbase Pockets or different self-custodial wallets. All main wallets are anticipated to assist the merger.

The merger might be rolled out in a structured two-phase course of. Part 1 will start on July 1st, with the combination of AGIX and OCEAN tokens into Fetch.ai's FET. This stage will lay the groundwork for a rebranding and guarantee a seamless transition throughout platforms similar to CoinMarketCap and CoinGecko. FET buying and selling will proceed uninterrupted throughout this era.

Part 1 will deal with bringing exchanges and information aggregators on board and making certain a easy transition throughout the rebranding. Key actions embrace updating the mission title and brand on July 1. Moreover, AGIX and OCEAN tokens might be delisted from exchanges. Singularity DAO's decentralized functions (dApps) will launch a migration platform to ease the method.

At the moment, Fetch.ai is priced at $1.44 with a 24-hour buying and selling quantity of $150.1 million. It has risen 8.69% within the final 24 hours. The reside market cap is $1.22 billion with a circulating provide of 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. It has a reside market cap of $347.7 million with 568.4 million OCEAN cash in circulation and a most provide of 1.41 billion OCEAN cash.

Furthermore, SingularityNET worth is $0.61 with a 24-hour buying and selling quantity of $45.16 million. It’s up 7.45% within the final 24 hours. The reside market cap is $790 million, the circulating provide is 1.29 billion AGIX cash, and the utmost provide is 2 billion AGIX cash.

The merger goals to mix the strengths of Fetch.ai, Ocean Protocol and SingularityNet, which is predicted to have an effect on the AI ​​and blockchain trade, streamlining operations and growing token utility.