In a significant event for the cryptocurrency world, the Artificial Superintelligence Alliance (ASI) has initiated a rare and groundbreaking merger involving three prominent tokens.
SingularityNET’s $AGIX and Ocean Protocol’s $OCEAN have joined forces with Fetch.ai’s $FET, marking the beginning of a new era of collaboration and strength in the decentralized finance space.
The first phase of the Artificial Superintelligence Alliance $ASI token merger involved integrating SingularityNET’s $AGIX and Ocean Protocol’s $OCEAN tokens into https://t.co/uBcTZHf3MS’s $FET token. pic.twitter.com/LhGlj1r2NV
— ASTOfficial (@NotASTOfficial) July 2, 2024
This merger unfolds in phases, with the initial step focusing on integrating $AGIX and $OCEAN into the Fetch.ai ecosystem. As part of this process, several exchanges delisted $AGIX and $OCEAN to support the consolidation, although some platforms, like Coinbase, opted for a manual migration approach to ensure seamless transitions for users with self-custodial wallets.
Whale Converts $AGIX and $OCEAN Tokens Into $FET
According to blockchain data, a notable investor migrated 8 million $AGIX and 4.8 million $OCEAN tokens, totaling $7.5 million, into 5.6 million $FET tokens, which were subsequently deposited on Bitget. This move signifies the successful transfer of value and assets from $AGIX and $OCEAN to $FET, a crucial step in the merger’s execution.
A #whale migrated 8M $AGIX and 4.8M $OCEAN into 5.6M $FET ($7.5M) then deposited to #Bitget.
This is the first step of the merger, $AGIX and $OCEAN migrated to $FET.
address:https://t.co/I5ZLKSJZF8
Follow @ScopeProtocol and @0xScopescan for more updates. pic.twitter.com/rK6PXaLJLW
— Scopescan (@0xScopescan) July 2, 2024
The ASI merger not only aims to combine technological capabilities but also signifies a unity that transcends individual tokens’ interests, setting aside differences in pursuit of collective advancement. This strategic consolidation is expected to enhance liquidity, streamline operations, and foster innovation across the integrated platforms.
Congrats to all $FET, $AGIX, and $OCEAN holders! 🎉
Today marks a historic day! 🌟 The beginning of a rare event in crypto history – the $ASI merger. Three tokens coming together to achieve greatness, setting aside differences, greed, and ego, merging to become stronger… pic.twitter.com/Jf48sg80hf
— HunterX.ai (@Hunter_Xai) July 1, 2024
As the merger progresses, stakeholders are optimistic about the future synergies and advancements that will emerge from this unified approach within the crypto ecosystem. The ASI merger sets a precedent for collaboration in decentralized technologies, paving the way for further integration and growth in the evolving digital landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.