FET to begin ASI merger with AGIX and OCEAN on July 1

ASI alliance will begin on July 1 and involve two key phases for the merger. Phase 1 will see OCEAN and AGIX being merged into FET. Phase 2 will include community onboarding and deploying the new ASI token across several chains. Fetch.ai announced in an X post on Wednesday that it will begin the ASI token merger with Ocean Protocol and SingularityNET on July 1. The process, which has two phases, will conclude the long-awaited token integration across the three Artificial Intelligence protocols.

All deposits in both tokens will also cease, with only FET deposits remaining unaffected. This process will mainly see the onboarding of exchanges and data aggregators during the rebranding process. The conversion rates are 1 FET=1 ASI, 1 OCEAN=0.433226 ASI, and 1 AGIX=0.433350 ASI. Phase 2 will happen later, around mid-July, and will focus on community onboarding and deploying ASI across multiple chains.

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