Ocean Protocol Exits AI Token Alliance with Fetch.ai and SingularityNET

Ocean Protocol has withdrawn from the Artificial Superintelligence Alliance (ASI), marking the end of its joint participation with Fetch.ai and SingularityNET in the multi-chain AI token initiative.

Ocean Protocol Foundation withdraws from the Artificial Superintelligence Alliance

$OCEAN can be de-pegged and re-listed on exchanges

Ocean ProtocolOcean Protocol Team

In a statement released Thursday, the Ocean Protocol Foundation said it has resigned from the alliance and withdrawn its designated directors, effective immediately. The decision ends a partnership formed in March 2024 that aimed to merge the projects’ ecosystems and tokens under one umbrella to advance decentralized artificial intelligence.

A Merger of AI Ecosystems Unravels

The Artificial Superintelligence Alliance was launched as a collaboration between Fetch.ai, SingularityNET, and Ocean Protocol, seeking to unify their AI-focused platforms around a single asset. Rather than creating a new token, the merger consolidated Fetch.ai’s FET, SingularityNET’s AGIX, and Ocean’s OCEAN tokens, with FET becoming the base token — later rebranded as ASI.

Holders of AGIX and OCEAN were given the option to convert their tokens into FET at fixed rates, while unconverted tokens remained active on their respective networks. Despite the ASI rebrand, no new smart contract was deployed — making it largely a branding and tokenomics integration rather than a technical overhaul.

In September 2024, the alliance expanded to include CUDOS, integrating its compute network and token supply to strengthen decentralized infrastructure across the ecosystem.

Ocean Protocol’s Reason for Leaving

Ocean Protocol said it spent the past year working closely with alliance partners on technology integration, joint events, and community initiatives, such as the Superintelligence Summit and ETHGlobal NYC. However, the foundation now plans to pursue an independent path focused on its own tokenomics and funding model.

According to the foundation, the decision allows Ocean to secure its own funding, retain flexibility for OCEAN holders, and introduce a long-term supply reduction mechanism.

“Funding for future Ocean development efforts is fully secured,” the foundation stated. “A portion of profits from spin-outs of Ocean-derived technologies will be used to buy back and burn OCEAN, ensuring a continual supply reduction.”

As of July 2024, about 81% of the OCEAN supply had already been converted into FET, leaving roughly 270 million OCEAN tokens held by over 37,000 addresses. The Fetch.ai-managed bridge remains open for conversions at a fixed rate of 0.433226 FET per OCEAN, while unconverted OCEAN tokens continue to trade on major exchanges including Coinbase, Kraken, Upbit, Binance US, Uniswap, and SushiSwap.

Alliance Responds: “Transitions Are Natural”

Following the announcement, the Artificial Superintelligence Alliance acknowledged Ocean’s exit on X (formerly Twitter), writing that “alignment is vital in any evolving partnership — transitions are natural.”

The ASI team added that Ocean’s departure would not impact the alliance’s core development roadmap and that collaboration among the remaining founding members remains strong.

Fetch.ai echoed that message, saying the alliance was always built on voluntary cooperation and a shared mission to advance open, decentralized AI infrastructure.

The ASI token (still trading under the FET ticker) fell around 3.8% following the news, according to data.

Ocean Protocol’s withdrawal highlights the complexities of merging independent blockchain ecosystems, even when aligned by shared goals. While the Artificial Superintelligence Alliance continues its mission to build decentralized AI infrastructure, Ocean’s move signals a strategic shift — one focused on maintaining independence while refining its own token economy.