Coinbase Declines to Back Forthcoming AI Token Merger Involving Fetchai Ocean Protocol and SingularityNET
Coinbase, the leading US cryptocurrency exchange, has announced that it will not be facilitating the planned merger of multiple artificial intelligence altcoin projects into a new crypto. In a statement made on the social media platform X, Coinbase stated that customers will have to initiate the merger themselves. The merger, which involves the projects Fetch.ai (FET), Singularitynet (AGIX), and Ocean Protocol (OCEAN), aims to create the largest independent player in AI research and development, known as the Artificial Superintelligence Alliance (ASI). The merger will be carried out in phases, starting on July 1st. Coinbase has informed users that they can merge their tokens using self-custodial wallets such as Coinbase Wallet. It is important for investors to conduct their own research before engaging in high-risk investments in cryptocurrencies or digital assets.