Fetch.ai’s CEO, Humayun Sheikh, has confirmed that the anticipated amalgamation of tokens will proceed as planned, despite Coinbase’s lack of support. In a recent social media post, Sheikh reassured that the integration involving Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNet (AGIX) is on track.

Sheikh stated, “The union of OCEAN and AGIX into FET is underway. There’s no need for centralized exchanges (CEXs) to remove or re-list FET; it’s already in place. FET holders should maintain their holdings. We’re diligently addressing any concerns, so we ask for your patience. The schedule remains unchanged. Coinbase has opted for a swap through custodial wallets. Each exchange has its own approach, but the merger is receiving widespread support.”

Coinbase, a leading crypto exchange in the US, earlier declared it would not facilitate the token consolidation of the three cryptocurrencies. Customers were informed they would need to manage the merger independently.

Coinbase’s announcement detailed, “A merger has been declared by Ocean and Fetch.ai to establish the Artificial Superintelligence Alliance (ASI). Coinbase will not manage the asset migration for users. Post-migration launch, users can transfer their OCEAN and FET to ASI using a self-custodial wallet, like Coinbase Wallet. The ASI token consolidation will be supported by all principal software wallets.”

The merger, first revealed in March, seeks to create a Superintelligence Alliance that will revolutionize the creation, distribution, and utilization of AI.

The initial phase of the merger is set for July 1st.

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