Despite Coinbase's decision, users can migrate their AI tokens using self-custodial wallets to join the $7.5 billion merger.
Coinbase has chosen not to support the upcoming migration of the Artificial Superintelligence Alliance (ASI) for its users. This migration involves a $7.5 billion token merger between the AI protocols SingularityNet, Fetch.ai, and Ocean Protocol.
AI tokens Ocean (OCEAN) and Fetch.ai (FET) are slated to merge in July and launch ASI tokens. The plan is to initially migrate OCEAN into FET on July 1. Later in the month, the resultant FET tokens will merge into ASI.
Crypto service providers supporting this mechanism will automatically convert users’ token holdings on the designated day. However, Coinbase has opted out of this migration, stating, “Coinbase will not execute the migration of these assets on behalf of users.”
