Fetch.ai CEO Confirms Token Merge Proceeds Despite Coinbase Decision – Here’s What FET Holders Should Know

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The much-anticipated token merger between artificial intelligence-focused blockchain projects Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) is moving forward as planned—despite Coinbase’s decision not to support the integration directly. Fetch.ai CEO Humayun Sheikh has reassured the community that the merger remains on track and urged FET holders to take no immediate action.

This strategic consolidation aims to create a powerful decentralized AI ecosystem known as the Artificial Superintelligence Alliance (ASI), positioning it at the forefront of the rapidly evolving intersection between blockchain and artificial intelligence.

The Merger Moves Forward: No Action Required for FET Holders

In a recent post on X (formerly Twitter), Humayun Sheikh clarified the current status of the merger:

“OCEAN and AGIX are merging into FET. Centralized exchanges (CEXs) do not need to delist or relist FET. It already exists. If you hold FET, do nothing. We’re working through any issues—please be patient.”

This statement brings clarity to investors concerned about potential disruptions following Coinbase’s announcement earlier this week. While the U.S.-based exchange confirmed it would not facilitate the token swap on behalf of users, it emphasized that customers could still manage the migration independently using self-custody tools like Coinbase Wallet.

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Why Coinbase Isn’t Supporting the Swap—And What It Means

Coinbase cited operational independence in its decision, noting that while it acknowledges the ASI merger announcement, it won’t execute cross-asset migrations for users.

“Ocean and Fetch.ai have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not perform migrations of these assets on behalf of customers,” the exchange stated.

However, users retain full control over their assets:

Importantly, Coinbase’s stance does not halt the merger—it simply shifts responsibility to individual holders who wish to participate. Most other major exchanges have either confirmed support or are expected to follow suit, minimizing market disruption.

Timeline Unchanged: ASI Launch Set for July 1

Despite external developments, the core timeline remains intact. The first phase of the merger is still scheduled for July 1, 2025, marking a pivotal moment in decentralized AI infrastructure.

This date signifies more than just a technical upgrade—it represents the birth of a unified protocol capable of delivering scalable, trustless AI services across industries such as healthcare, finance, logistics, and autonomous systems.

Key milestones include:

Developers and node operators are already preparing their environments, with testnet deployments showing promising performance gains.

Understanding the Vision: Building a Decentralized AI Powerhouse

At its core, the ASI initiative seeks to democratize access to artificial intelligence by removing centralized gatekeepers. Unlike traditional AI platforms controlled by tech giants, this alliance leverages blockchain technology to ensure transparency, fairness, and open participation.

By combining Fetch.ai’s agent-based automation, Ocean Protocol’s data-sharing infrastructure, and SingularityNET’s AI marketplace, the merged entity aims to create an open-source, community-governed superintelligence network.

This means:

Such a model aligns perfectly with growing demand for ethical, transparent AI solutions—making ASI one of the most watched projects in the Web3 space this year.

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FAQ: Your Questions About the FET-Agix-Ocean Merger Answered

Q: Do I need to swap my FET tokens manually?
A: No. If you hold FET, you do not need to take any action. Your tokens will remain valid and will form the base of the new ASI ecosystem.

Q: What happens to OCEAN and AGIX holders?
A: OCEAN and AGIX token holders will need to participate in the migration process, either through supported exchanges or via self-custody wallets like MetaMask or Coinbase Wallet.

Q: Will the FET ticker symbol change after the merger?
A: The primary token will be rebranded as ASI, but FET will serve as the foundational asset. Existing FET balances will convert automatically within supported platforms.

Q: Is the merger secure?
A: Yes. The transition is being managed by experienced teams with extensive audits and phased rollouts to ensure security and stability.

Q: Can I still trade FET during the merge?
A: Absolutely. Trading will continue uninterrupted on most major exchanges, including those supporting the token transition.

Q: Where can I find official updates?
A: Follow official channels via Fetch.ai, SingularityNET, and Ocean Protocol websites and verified social media accounts for real-time announcements.

Looking Ahead: The Rise of Blockchain-Powered Artificial Intelligence

As we approach July 1, all eyes are on the ASI launch. With strong technical foundations and widespread community backing, this merger could set a precedent for future cross-project collaborations in crypto.

More importantly, it signals a shift toward decentralized intelligence—where innovation isn’t controlled by corporations but co-created by global contributors.

Whether you're an investor, developer, or AI enthusiast, now is the time to understand how this emerging ecosystem works—and how you can be part of it.

👉 Stay ahead of the curve—learn how blockchain and AI convergence is creating new opportunities today.

Core Keywords

The convergence of blockchain and artificial intelligence is no longer theoretical—it's happening now. And with major players aligning under a shared vision, the future of decentralized intelligence looks brighter than ever.