According to ChainCatcher news, Fetch.ai announced that FET assets held or staked on its mainnet will be automatically converted to native ASI tokens. The conversion will be completed after the upgrade is finished. During the upgrade, there will be a scheduled downtime for the network, but the funds and rewards staked natively by users will remain secure throughout the process.

ChainCatcher news, the Artificial Superintelligence Alliance announces significant progress and updates regarding the ASI token merger, scheduled to be implemented on July 1, 2024. The token merger will temporarily merge SingularityNET's AGIX and Ocean Protocol's OCEAN tokens into Fetch.ai's FET, and then transition to the future ASI token.AGIX and OCEAN tokens will migrate to FET, with conversion rates of 1 AGIX equal to 0.433350 FET and 1 OCEAN equal to 0.433226 FET.Previous news, Binance will support the merger of FET, OCEAN, and AGIX into ASI on July 1.