Crypto: The countdown is on for the FET, OCEAN and AGIX mega-merger

The long-awaited merger of Fetch.ai, Ocean Protocol, and SingularityNET has finally been dated. This revolutionary alliance in blockchain and AI will give birth to ASI, a promising new crypto for the decentralized AI ecosystem.

Merger, a two-phase merger process

The first step in this ambitious merger will be to integrate OCEAN and AGIX into FET. This initial phase therefore aims to ensure a smooth transition on major listing platforms such as CoinMarketCap and CoinGecko, while maintaining FET trading without interruption.

The main objective is to prepare the ground for the rebranding future. The teams therefore stressed the importance of proceeding without rushing, in order to guarantee a solid basis for the entire process.

July 1 will mark the concrete start of this transformation, with the updating of the names and logos of the projects, as well as the withdrawal of AGIX and OCEAN from exchanges.

Simultaneously, Singularity DAO will launch a migration platform on its decentralized applications, providing users with an easy way to participate in this evolution.

ASI: Birth of a new major player in the crypto ecosystem

The second phase will focus on the actual deployment of ASI and community integration. The teams will pay special attention to self-custody holders, offering them priority access.

The launch of ASI will take place gradually on different blockchains, accompanied by the introduction of new migration contracts. The project managers set the conversion rates as follows:

• 1 AGIX for 0.433350 ASI
• 1 OCEAN for 0.433226 ASI
• 1 FET for 1 UPS

In conclusion, this merger represents a crucial step towards creating a more robust and interconnected decentralized AI ecosystem. By joining forces, these projects aim to accelerate innovation and adoption of advanced AI technologies in a decentralized setting.