Inside the Fetch.ai AI Token Merger: A Two-Phase Process with Coinbase Caveat

• Fetch.ai CEO Humayun Sheikh confirms that the FET, OCEAN, and AGIX merger is on schedule despite Coinbase’s refusal to support it.
• OCEAN and AGIX will merge into FET, requiring no delisting or relisting on centralized exchanges.
• The merger will unfold in two phases, starting July 1, integrating AGIX and OCEAN into FET and rebranding seamlessly.

In a recent X post, Fetch.ai CEO Humayun Sheikh confirmed the upcoming AI token merger of FET, Ocean Protocol (OCEAN), and SingularityNet (AGIX).

Despite Coinbase’s refusal to support the merger, the integration remains on schedule.

$fet is ASI. $ocean and $agix are merging into $fet. CEXs don’t need to delist or relist $fet it is there already. If you hold $fet do nothing. We are working hard to resolve any issues please bear with us. Timeline has not changed. @coinbase has only announced that the swap will…

— Humayun (@HMsheikh4) June 27, 2024

Sheikh explained that OCEAN and AGIX will merge into FET, meaning centralized exchanges do not need to delist or relist FET. He assured FET holders that no action is required on their part. Sheikh also mentioned his team’s efforts to address any issues. Coinbase stat…

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