The top US cryptocurrency exchange, Coinbase, announced that it will not facilitate the merger of multiple Artificial Intelligence (AI) altcoin projects into a new cryptocurrency.
According to information on Twitter, Coinbase stated that customers will have to handle the merger themselves. Ocean (OCEAN) and Fetch.ai (FET) announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.
Back in March, Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) revealed merger plans to create the largest independent institution in the field of AI research – ASI.
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According to recent information, the project’s merger will be phased in starting on January X.
Starting from January X, token merger will temporarily combine SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into Fetch.ai’s FET token, and then later transition to ASI stock codes. This update allows for an efficient execution of the merger and outlines the timeline and milestones for token holders, ensuring a smooth and transparent process.
Coinbase stated that users can use their own wallets for the merger.
Once the migration begins, users will be able to move OCEAN and FET to ASI using independent wallets like Coinbase Wallet. The ASI token merger will be compatible with all major software wallets.
