Ben Armstrong recently detailed some major developments concerning the much-anticipated AI cryptocurrency merger in a video. The CoinSpeech team collected the most important takeaways from his recent appearance. Readers can find Ben Armstrong’s new video embedded below.
Major AI Token Merger Hits a Roadblock
The merger of Fetch.ai’s FET token, SingularityNET’s AGIX, and Ocean Protocol into the Artificial Super Intelligence Alliance (ASI) token has been delayed. Originally scheduled for June, the monumental event is now pushed back to July 15th. This delay has left many in the crypto community both curious and apprehensive: “Will the token be a box office hit or a total flop?”
Complex Integration Cited As Cause
Combining three established platforms with unique technologies and communities is no minor feat. As Ben Armstrong pointed out, “It requires meticulous planning, careful coordination, and a whole lot of technical wizardry.” The delay, while disappointing for some, was not entirely unexpected given the complexities involved.
Strategic Decision to Ensure Success
The postponement is a strategic move according to the teams behind the projects. Official statements indicate that it aims to ensure a seamless execution of the complex integration process. Rushing into such a complex undertaking could lead to unforeseen issues and potential disruptions, which would ultimately harm the project’s long-term prospects.
“This one-month delay from the anticipated June 13th merger date threw investors for a loop, but it is aimed at ensuring accuracy and efficiency,” Armstrong stated. Getting it right is more crucial than sticking to the original timeline.
Vision Remains Unchanged
The delay has not dampened enthusiasm or optimism. Ben Armstrong highlighted, “The ASI Alliance project’s grand vision to accelerate the development of decentralized artificial general intelligence is still compelling.” By merging Fetch.ai, SingularityNET, and Ocean Protocol, the project aims to create a powerful and open ecosystem for AI development and collaboration.
Anticipation and Investment Strategy
Despite the delay, there’s still a lot of anticipation and excitement around the merger. Armstrong suggests a strategic investment approach: “If you’re looking to invest in this merger, make sure to buy the rumor and sell the news.” He advised buying on days when investor sentiment is low, including if there’s another delay or a price pullback when the ASI token officially launches.
“The delay is a minor bump in the road, and the team is confident that they will overcome the challenges and deliver on their promises,” he added.
Stay informed and watch the video below for more insights: