Artificial Superintelligence Alliance Announces Revised Timeline for Token Merger

Zug and Singapore – June 11, 2024 —The Artificial Superintelligence Alliance is dedicated to the successful and seamless integration of our anticipated token merger. SingularityNET, Fetch.ai, and Ocean Protocol have today announced a revised date for the ASI token merger, moving from June 13, 2024, to July 15, 2024.

This schedule adjustment is necessary to accommodate the logistical requirements and technical dependencies of exchanges, validators, and broader ecosystem collaborators. The preparation phase for the token merger involves managing complex integrations, careful coordination, and attention to numerous moving parts. These third-party dependencies are critical to the smooth execution of the token merger process and ensuring that all stakeholders' needs are adequately met is paramount. While this delay is unfortunate, it is a strategic decision to ensure the token merger is carried out with the highest standards of accuracy and efficiency.

Token Merger Schedule: Originally, the plan was for FET to be renamed to ASI today, June 11, followed by the token merger on June 13. On July 15th, FET, AGIX and OCEAN will merge into the new ASI token.

**Token Merger Steps: ** Current Status: The existing FET, AGIX and OCEAN tokens will continue to trade on exchanges independently. Future Steps: Once third-party integrations are finalized, the ASI token will be launched and FET, AGIX and OCEAN will cease to trade independently and merge to the ASI token.

Support and Guidance: Support will be provided on the official FET, AGIX and Ocean channels as well as the ASI channel. Token contracts, migration contracts and all possible audits will be shared this week.

"While the finalization of the ASI token merger is now scheduled for July due to necessary adjustments by our partners, the commitment and vision driving this alliance remain stronger than ever,” said Humayun Sheikh, CEO of Fetch.ai and chairman of the Artificial Superintelligence Alliance. “This temporary delay does not impact the substantial progress we have made towards creating a decentralized superintelligence network. Our teams are actively working with centralized exchanges to finalize the remaining steps. We appreciate the continued support and patience of our community and stakeholders as we work through these final logistical steps.”

"While working through the complexities of executing this unprecedented tokenomic merger," noted Ben Goertzel, founder and CEO of SingularityNET Foundation and CEO of the Artificial Superintelligence Alliance, "we have at the same time been advancing toward integration of our respective AI and blockchain technologies. The finalization of the 3-way tokenomic merger on July 15 will be a major milestone, and we anticipate a series of progressively more exciting milestones after that as we leverage our $ASI token based network to move toward increasingly capable AI systems and in time actual superintelligence."

"We appreciate the patience of the community and look forward to a combined $ASI token that is supported by all partners, exchanges and token holders.” Added Bruce Pon, founder and CEO of Ocean Protocol and board director in the Artificial Superintelligence Alliance Council. Token holders are assured that no action is required on their part at this time. The ASI token merger remains firmly on track and no further delays are anticipated.

About The Artificial Superintelligence Alliance The Artificial Super Intelligence (ASI) Alliance is a collective formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol. As the largest open-sourced, independent entity in AI research and development, this alliance aims to accelerate the advancement of decentralized Artificial General Intelligence (AGI) and, ultimately, Artificial Superintelligence (ASI). For additional information on ASI, visit: superintelligence.io

About SingularityNET SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). According to Dr. Goertzel, AGI should be independent of any central entity, open to anyone and not restricted to the narrow goals of a single corporation or a single country. The SNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. The core platform and the SNET AI teams are complemented by specialized teams devoted to various application areas such as robotics, biomedical AI, finance, media, arts and entertainment. For additional information visit: singularitynet.io

About Fetch.ai Fetch.ai, a Cambridge-based AI company, is redefining the possibilities of an intelligent and connected world through its AI agent-based technology. Fetch.ai's infrastructure technology enables developers and businesses to build, deploy & monetize through an agent-based modular platform for the new generation of AI applications. The company's core product, DeltaV, fuses Language Models (LLMs) and AI Agents to create an open and dynamic marketplace that connects users to services and reimagines the current search experience. For additional information visit: fetch.ai About Ocean Protocol Ocean was founded to level the playing field for AI and data. Ocean tools enable businesses and individuals to trade tokenized data assets seamlessly to manage data all along the AI model life cycle. Ocean-powered apps include enterprise-grade data exchanges, data science competitions and data DAOs. The Ocean Predictoor product has over $800M in monthly volume six months after launch with a roadmap to scale foundation models globally. For additional information visit: oceanprotocol.com