FET, OCEAN, And AGIX Drop 8% After ASI Token Merger Delay

FET, OCEAN, And AGIX Drop 8% After ASI Token Merger Delay
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The Artificial Superintelligence Alliance (ASI) announced its token merger would be postponed to next month after presenting logistical and technical issues. The alliance was set to merge Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) into the ASI token on Thursday. As a result, the three AI tokens faced a 4% drop in the last 24 hours.
ASI Token Merger Postponed To July
In March, Fetch.AI, SingularityNET, and Ocean Protocol, three leading AI blockchain projects, revealed their plan to merge into the ASI token. This move aims to develop a decentralized AI platform to foster technology advancements accessible to a wider audience.
On Tuesday, the ASI alliance announced the delay of the token merger from June 13 to July 15, 2024. Per the announcement, the primary reasons for the rescheduling are “logistical requirements” and “technical independencies.”
It was further explained that the ASI token merger involves managing complex integrations and atten

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