0:00
0:00
Subscribe to Bankless or sign in
Ocean Protocol Foundation has exited the Artificial Superintelligence Alliance (ASI) effectively immediately, dissolving its role in the collaborative AI token merger with Fetch.ai and SingularityNET. The withdrawal follows more than a year of cooperation among the three founding members, who had unified their ecosystems under a shared token: FET, later rebranded as ASI.
What’s the Scoop?
- Alliance Exit: Ocean Protocol has formally ended its participation in the ASI Alliance, citing a desire for independent funding and control over its tokenomics.
- Token Independence: The move allows OCEAN to de-peg from FET and trade independently again. The Fetch.ai-managed bridge remains open, enabling holders to convert OCEAN to FET at a rate of 0.433226 FET per OCEAN.
- Buyback and Burn Program: Ocean said it will direct profits from its spin-out ventures toward buybacks and burns of OCEAN, creating a permanent and continuous supply reduction mechanism.
- Remaining Holders: Roughly 270 million OCEAN — about 19% of total supply — remains unconverted, held by over 37,000 addresses. Unconverted tokens continue to trade on exchanges including Coinbase, Kraken, Upbit,
Binance US, Uniswap, and SushiSwap. - Alliance Response: The ASI Alliance and Fetch.ai characterized the split as amicable, affirming that collaboration was always voluntary and that the mission to build open, decentralized AI infrastructure remains unchanged.
Ocean Protocol’s decision to withdraw from the Alliance does not impact the technology, operations, or shared vision that underpin the ASI ecosystem.
— Fetch.ai (@Fetch_ai) October 9, 2025
The ASI Alliance - founded on collaboration between https://t.co/kJ9URVpOul, SingularityNET, Ocean Protocol and CUDOS - was… https://t.co/qDtRDBuBQH
1
0
