The CEO of artificial intelligence (AI)-focused Fetch.ai (FET) said that the company’s planned token integration will go ahead despite the lack of Coinbase support.
In a new thread on social media platform X, Fetch.ai CEO Humayun Sheikh said that the planned AI token merger between FET, Ocean Protocol (OCEAN), and SingularityNet (AGIX) is still on track.
“OCEAN and AGIX will be merged into FET. Centralized exchanges (CEX) do not need to delist or relist FET. FET is already listed. If you are holding FET please do not take any action. Please be patient as we are working hard to resolve the issue.”
The timeline has not changed. Coinbase has only announced that the swap will be done via custodial wallets. Each exchange has their own reasons and ways of doing things, but the merger is happening as planned and has received great support from all exchanges.”
Earlier this week, major U.S.-based cryptocurrency exchange Coinbase announced that it would no longer support token integrations between the three altcoins. At the time, Coinbase said that customers would have to initiate integrations on their own.
“Ocean and Fetch.ai have announced that they are merging to form the Alliance for Artificial Superintelligence (ASI). Coinbase will not be executing these asset transfers on behalf of users…
Once the migration begins, users will be able to migrate their OCEAN and FET to ASI using self-custodial wallets such as Coinbase Wallet. The ASI token integration will be compatible with all major software wallets.”
The merger, first announced in March, aims to form a superintelligence alliance aimed at changing the game of how AI is “created, shared, and used by everyone.”
The first phase of the merger is scheduled to take effect on July 1.
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