Fetch AI, a leading blockchain-based artificial intelligence network, has announced its plans to upgrade its network, which will involve the transition from its current FET token to a new token called ASI. This upgrade aims to improve the network's architecture and provide a more seamless experience for its users.

To ensure a smooth transition, Fetch AI has assured its users that their FET tokens will be automatically converted to ASI tokens once the upgrade is complete. This means that users will not need to take any action to convert their tokens, and their assets will remain secure throughout the process. The upgrade is expected to take place in two phases, with the first phase involving the tokenization of AGIX and OCEAN in Fetch AI (FET) and then moving them to ASI.

Fetch AI has also provided a manual conversion portal for users who have their FET tokens on exchanges that do not support the migration to ASI. This portal will allow users to manually transfer their assets to ASI tokens, ensuring that no one is left behind in the transition process. The company has also assured users that it will provide adequate resources to help them through the conversion process.

Despite the excitement surrounding the upgrade, FET, AGIX, and OCEAN have experienced significant downturns in value. FET has dropped by 8.70% to $1.45, while AGIX and OCEAN have also experienced declines of 7.70% and 7.97%, respectively. However, Fetch AI remains committed to its vision of creating a seamless and secure experience for its users, and the upgrade is expected to be a significant step towards achieving this goal.

In conclusion, Fetch AI's network upgrade and transition to ASI tokens is a significant development in the blockchain and AI industries. The company's commitment to ensuring a smooth transition for its users is a testament to its dedication to providing a seamless and secure experience. As the upgrade approaches, users can rest assured that their assets will remain secure, and they will be able to continue to use the Fetch AI network with ease.