Coinbase, a leading cryptocurrency exchange, has announced that it will not support the upcoming Artificial Superintelligence Alliance (ASI) token migration. This decision comes despite the significant $7.5 billion merger involving AI protocols SingularityNet, (link unavailable), and Ocean Protocol. The merger aims to unify Ocean (OCEAN) and (link unavailable) (FET) tokens into new ASI tokens, creating a stronger decentralized AI ecosystem.

The ASI token migration is scheduled for July, and while other crypto service providers will automatically convert tokens, Coinbase users will need to handle the migration of their token holdings themselves. This move has raised eyebrows in the crypto community, with some users expressing disappointment and others seeing it as an opportunity to advocate for greater self-custody and decentralization.

Coinbase has recommended that users wishing to participate in the ASI token migration use self-custodial wallets like Coinbase Wallet. Once the migration has launched, users can migrate their OCEAN and FET to ASI using a self-custodial wallet. The ASI token merger will be compatible with all major software wallets, ensuring a seamless conversion process.

The merger is expected to have a significant impact on the market, with the involved tokens already experiencing significant rallies. The initiative aims to establish the largest decentralized AI ecosystem, enhancing the development and integration of blockchain-based AI protocols. While Coinbase's decision not to support the migration may seem unexpected, it highlights the ongoing evolution in the crypto industry's approach to asset management and user empowerment.

In conclusion, Coinbase's decision to opt out of the ASI token migration may seem surprising, but it emphasizes the importance of self-custody and decentralization in the management of digital assets. As the crypto industry continues to evolve, users and investors alike will be watching closely to see how this merger impacts market dynamics and the future of decentralized AI applications.