Ocean Explains Exit from ASI: Partner Violated Core Promise of 'Participant Asset Control'

On October 23rd, Ocean Protocol released a post clarifying the reason for leaving the Artificial Superintelligence Alliance (ASI). It accused partners SingularityNET (AGIX) and Fetch.ai (FET) of violating the alliance's core commitment of "Asset Control by Each Party." The price of the merged FET token dropped by 93% from its peak value, mainly due to the large-scale sell-offs by SingularityNET and Fetch.ai and the failure of Fetch.ai's high-risk "TRNR" trading. This was not caused by Ocean Protocol's exit. Throughout the process, Ocean has always adhered to the principle of decentralization, where individuals have absolute sovereignty over their assets. This exit is to prevent further damage to the interests of the Ocean community. In the future, Ocean will continue to focus on the independent development of its technology and products. In 2024, SingularityNET (AGIX) merged its tokens with Fetch.ai and Ocean Protocol in the Artificial Superintelligence Alliance (ASI), and the token was finally named ASI, completed on June 13, 2024.