PANews, June 11th - According to official sources, the final date for the merger of Fetch.AI, SingularityNET, and Ocean Protocol tokens has been postponed from June 13, 2024, to July 15, 2024. The official statement mentioned that this schedule adjustment is necessary to accommodate the logistical needs and technical dependencies of exchanges, validators, and a wider ecosystem of collaborators. The preparation phase for token merger includes managing complex integrations, careful coordination, and attention to various components. These third-party dependencies are crucial for the smooth execution of the token merger process, ensuring that all stakeholders' needs are fully met. The existing FET, AGIX, and OCEAN tokens will continue to be traded independently on exchanges. Once the third-party integration is completed, the ASI token will be launched, and FET, AGIX, and OCEAN will cease independent trading and merge into the ASI token.

Odaily Planet News reported that SingularityDAO announced today at 23:00 that FET will initiate the first phase of the ASI token merger plan with AGIX & OCEAN. Earlier, the Artificial Superintelligence Alliance announced significant progress and updates regarding the merger of ASI tokens. The first phase is scheduled to be implemented on July 1, 2024. Deposits and withdrawals of AGIX and Ocean will be closed across exchanges to prepare for the migration process, while deposits, withdrawals, and trading of FET will continue as usual. The migration platform from AGIX and OCEAN to FET is open on the SingularityDAO DApp, allowing holders to convert their tokens to FET. The conversion rate is 1 AGIX to 0.433350 FET, and 1 OCEAN to 0.433226 FET. The second phase is the cross-chain deployment of ASI tokens, the FET network upgrades to the ASI network, the migration contracts from FET, AGIX, OCEAN to ASI are open, the EVM and other bridges are open, and the trading platform begins to migrate from FET to ASI spot market.

Odaily Star Daily News SingularityNET (AGIX) officially announced the final date for the token merger of the Artificial Superintelligence Alliance (ASI) with Fetch.ai and Ocean Protocol. The merger will begin on June 11th and will be consolidated under a decentralized artificial intelligence (AI) network. FET will be renamed ASI and will be completed on June 13th. For FET, AGIX, and OCEAN token holders, the merger will involve converting these tokens into ASI tokens at a specific exchange rate. The FET token will be converted to ASI at a ratio of 1:1, to AGIX at a ratio of 1:0.433226, and to OCEAN at a ratio of 1:0.433226. ERC-20 tokens will be launched on June 11th. Users can exchange FET for ASI tokens through the token migration contract, and then exchange for AGIX and OCEAN tokens on June 13th. The migration process will be conducted on the decentralized artificial intelligence platform under SingularityNET, and users can exchange tokens using the audited token migration contract provided by SingularityNET. (Cointelegraph)

The MATIC price plummeted by 10% during the market downturn, with over 10,900 addresses buying 600 million MATIC tokens at this price The value of MATIC, the native token of the Polygon network, has fallen significantly. As the entire cryptocurrency market continues to struggle with negative sentiment, it has fallen more than 10% over the past week and 8% in less than 24 hours. Fortunately, the latest on-chain analysis reveals important levels that investors should be concerned about following the latest drop in the MATIC price. At the same time, the AI sector tokens have seen a general rise, and mainstream AI coins RNDR, AGIX, FET, and WLD have begun to rise. #山寨季开始# According to a recent article published on X by cryptocurrency expert Ali Martinez, the price of MATIC has established key support around the current price point. The assessment is based on on-chain data from analytics firms that tracks the average acquisition price of any given wallet address. The graph is a chart highlighted by Martinez that shows the distribution of the Polygon token supply across different price ranges. The size of the dots in the chart represents the number of tokens purchased in the corresponding price range. Most notably, more than 10,900 wallet addresses purchased up to 608 million MATIC in the $1.02 and $1.05 regions. According to the crypto analyst, this massive buying activity supports the establishment of key support around this price area. While the large size of the dots reflects the strength of that particular level, sustained bearish pressure could cause the price of MATIC to break out and break below this support level. In this case, investors could see the cryptocurrency drop to around $0.91. This makes the $0.89 and $0.92 price ranges another level to watch as it represents the next significant support area, where 35,680 wallet addresses have purchased nearly 400 million Polygon tokens. The current price of MATIC is $1.04, down 8% in the last 24 hours. The price drop came after the altcoin hit a multi-month high of $1.28 on Thursday, March 14. According to the data, the price of Polygon coin has plummeted by 9.7% in the last 7 days. More broadly, though, cryptocurrencies have been quite positive over the past month. With a market cap of over $9.7 billion, the MATIC token is the 18th largest cryptocurrency in the industry. (Source: Opeyemi Sule)

Despite Nvidia's price drop, AI encrypted tokens are still skyrocketing: $FET, $AGIX and $INJ lead the way. Despite Nvidia's price falling by 6.6%, AI-related cryptocurrencies such as Fetch.ai ($FET), SingularityNET ($AGIX), and Injective ($INJ) have still performed very well in the past day. Nvidia, a leading enterprise in the field of AI technology, has dropped by 11.08% in the past five days due to concerns over executive stock sales. However, this has not stopped the bullish trend of AI altcoins. $FET, $AGIX, and $INJ have shown significant gains this week, with gains close to 40%. Especially Fetch.ai ($FET), which has become the best performer among the top 100 cryptocurrencies in the past 24 hours. This surge may be related to the potential cooperation implied by Injective ($INJ), which plans to integrate Fetch.ai's AI agents into its DeFi services after the IBC upgrade. Such cooperation will increase the demand for $FET, as its AI agents require $FET tokens as gas to run on the network. What's even more bullish is that an address believed to be associated with DWF Labs, 0x64ec, deposited $1 million worth of FET, approximately $1.456 million, into an exchange 14 hours ago. The address had previously received 10 million $FET from the Fetch.ai Foundation contract seven months ago, worth approximately 5.3 million dollars. Over time, it has deposited a total of 9.65 million $FET to a certain exchange, worth around 12.24 million dollars (+130%). In the past seven months, the Fetch.ai Foundation has also transferred a large amount of $FET to other DWF Labs wallet addresses, indicating strategic movements within the network. The performance of these tokens related to artificial intelligence, especially in the case of the decline in NVIDIA's stock price, highlights investors' growing confidence in the artificial intelligence encryption field. The potential collaboration between Injective and Fetch.ai further enhances this sentiment, indicating an increased utility and demand for $FET. With the ongoing intersection of artificial intelligence and cryptocurrency, tokens such as $FET, $AGIX, and $INJ are expected to further grow. (Data source: Will Izuchukwu)

Golden Finance reported that Fetch.ai, SingularityNET, and Ocean Protocol (Artificial Superintelligence Alliance, ASI) announced the completion of their merger in June this year. The aim is to utilize the new ASI token to create the largest decentralized network for artificial intelligence. From June 11, 2024, FET will be renamed as ASI, and the merger will be completed on June 13. The ASI token will operate throughout the network, providing significant scalability and powerful functionality.

AI tokens Fetch.AI, AGIX, and OCEAN Talk merged, surging by double digits Three leading AI blockchain projects – Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) – are about to merge into a new token called Artificial Superintelligence (ASI), with the common goal of building a decentralized AI giant. The program aims to position blockchain technology as a formidable competitor to established tech giants such as OpenAI, Google, Microsoft, and Apple by leveraging their intrinsic advantages in AI development. This major news has received a positive response from the market. In the last 24 hours, Fetch.AI is up 12%, SingularityNET is up 10%, and Ocean Protocol is up a massive 23% in value, highlighting the market's enthusiastic welcome to merger talks. #山寨季开始# The proposed merger, which aims to merge the three tokens into an ASI token, is expected to be worth approximately $7.5 billion when fully diluted. The completion of the merger is subject to the approval of each community member participating in the platform. While negotiations are still ongoing, representatives of SingularityNET, Fetch.ai, and Ocean Protocol remain neutral, choosing not to comment on the matter. According to sources who spoke on condition of anonymity, the deal could be announced as early as Wednesday, subject to the consent of community members for each of the projects involved. At the heart of this cooperation is the creation of a super intelligence collective that will oversee the strategic direction of the combined entity. Ben Goertzel, visionary founder and CEO of SingularityNET, will lead the initiative, while Humayun Sheikh, CEO of Fetch.ai known for his early investment in DeepMind (later acquired by Google), is poised to serve as chairman. This leadership structure aims to synergize each platform's unique technical and philosophical approach to create an environment in which decentralized AI can thrive away from the traditional corporate model dominated by shareholder interests. This bold move comes against the backdrop of escalating investments in AI technology by heavyweight tech companies, signaling a broad industry consensus on AI's transformative potential. These companies' growing interest in AI has sparked a parallel movement in the cryptocurrency space, with projects such as SingularityNET, Fetch.ai, and Ocean Protocol leading the development of decentralized AI solutions. These solutions are designed to democratize AI advancements and ensure that the benefits of AI technology can be enjoyed by a wider audience, not just a coalition of tech oligarchs. Fetch.AI (FET) is the largest of all three AI crypto projects by market capitalization, and Fetch.AI (FET) continues its price discovery pattern after breaking through all-time highs in mid-February. The current FET is trading at $3.24. (Source: Jake Simmons)