Ocean Protocol Quits AI Token Alliance
The post Ocean Protocol Quits AI Token Alliance appeared on BitcoinEthereumNews.com.
Ocean Protocol just made a bold move. The Foundation announced it’s leaving the Artificial Superintelligence Alliance (ASI) effective immediately, cutting ties with Fetch.ai and SingularityNET. The decision ends the token merger experiment that folded OCEAN into FET, and reopens the door for OCEAN to stand on its own with independent tokenomics, fresh supply mechanics, and renewed market visibility. What Just Happened? Ocean Protocol Foundation has officially pulled out of the Artificial Superintelligence Alliance (ASI), the joint effort between Fetch.ai, SingularityNET, and later CUDOS. The Foundation said the decision was made to protect independent tokenomics and allow OCEAN to operate on its own terms. Effective immediately, Ocean has withdrawn its directors and resigned membership. A Quick Recap of the Alliance The ASI Alliance was launched in March 2024 to unify the ecosystems of Fetch.ai, SingularityNET, and Ocean Protocol under one token. Instead of creating a new asset, the merger consolidated AGIX and OCEAN into Fetch.ai’s FET, which was later rebranded as ASI. Holders of AGIX and OCEAN could voluntarily swap into FET, while unconverted tokens stayed valid on their original contracts. Exchanges mostly continued to list FET, since no new contract was created. Why Did Ocean Walk Away? According to Ocean’s blog post, the key reason is independence. By stepping out, Ocean can now secure its own tokenomics, introduce a buyback-and-burn model, and maintain flexibility for OCEAN holders. The Foundation also highlighted that funding for future development is already secured, with profits from Ocean-derived technologies funneled into reducing OCEAN’s supply permanently. What Happens to OCEAN Now? Roughly 81% of the OCEAN supply has already been converted into FET, leaving around 270 million OCEAN across 37,000 wallets. The Fetch.ai bridge remains open for conversions, but OCEAN will continue trading on major exchanges like Coinbase, Kraken, Upbit, Binance US, and Uniswap. The…
