Fetch AI (FET) has announced a significant development in its Artificial Super Intelligence (ASI) alliance with Ocean Protocol (OCEAN) and SingularityNET (AGIX). Starting July 1, FET will merge OCEAN and AGIX tokens into its own token, marking a major milestone in the integration of the three Artificial Intelligence (AI) protocols.

The merger process will occur in two phases. Phase 1 involves combining AGIX and OCEAN tokens into FET, followed by delisting AGIX and OCEAN from exchanges and rebranding their symbols and names. All deposits in both tokens will cease, except for FET deposits. This phase will primarily focus on onboarding exchanges and data aggregators during the rebranding process.

Phase 2, scheduled for mid-July, will concentrate on community onboarding and deploying ASI across multiple chains. Mainnet tokens will automatically convert to ASI, while new migration contracts will be released for users who have locked or staked their tokens. These contracts will enable holders to manually convert their tokens to ASI.

The ASI token merger is expected to have a significant impact on the cryptocurrency market, with some community members predicting a rally in AI tokens. The alliance represents a notable achievement for crypto and AI, and the merged token is expected to be listed on Binance ahead of the July 15 merger.

In conclusion, Fetch AI's token merger with OCEAN and AGIX marks a significant development in the AI crypto space. The merger process will occur in two phases, with the ultimate goal of creating a unified ASI token. As the crypto market continues to evolve, this merger may have a lasting impact on the industry.