Coinbase, a top U.S. cryptocurrency exchange, has announced that it will not facilitate a plan to merge multiple Artificial Intelligence (AI) altcoin projects into a new cryptocurrency.
In a tweet, Coinbase stated that customers will have to handle the merger themselves.
Ocean (OCEAN) and Fetch.ai (FET) have announced a merger to establish 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 aimed at creating the largest independent institution in AI research—the ASI.
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According to recent information, the project’s merger will be phased starting from January X.
Beginning on January X, the token merger will temporarily combine SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into Fetch.ai’s FET token, before transitioning to ASI stock code in a later stage. This update streamlines the merger process, outlining a schedule and milestones for token holders to ensure a smooth and transparent procedure.
Coinbase states that users can utilize their wallets for the merger.
Once 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.
