The Grand Alliance Was Broken! Two Altcoins That Couldn't Get Along Finally Found a Solution! A $120 Million Deal Reached!

As you may recall, in the first days of October, the Ocean Protocol (OCEAN) Foundation announced its withdrawal from the Artificial Superintelligence Alliance (ASI), which it formed together with ￰0￱ (FET) and SingularityNET (AGIX). Following this news of the split, the price of ASI dropped by double ￰1￱ the collapse of the trilateral alliance, a dispute arose between ￰2￱ and the Ocean Protocol Foundation. However, the duo decided to resolve their ongoing token disputes without going to court and reached an agreement. Accordingly, the agreement in question includes the return of 286 million ￰3￱ (FET) tokens worth approximately $120 ￰4￱ happened? ￰5￱ CEO Humayun Sheikh said on Thursday that his team would cease all legal action if Ocean Protocol returned the 286 million FET tokens allegedly sold during the merger.

“They are waiting for a legal offer from us to return the ￰6￱ can receive my letter ￰7￱ offer is simple: Give the tokens back to my community. I will waive any legal claims. GeoStaking, a validator node affiliated with Fetch. ai, reportedly mediated the talks, and Ocean Protocol agreed to the rollback after a formal proposal was ￰8￱ agreement will allow both parties to resolve their disputes without the need for lengthy litigation that could damage their reputations and finances.

Additionally, the agreement will enable both projects to focus on collaboration and innovation in the field of decentralized artificial intelligence and ￰9￱ Did the Dispute Begin? Founded in March 2024, ASI aimed to unify the Fetch. ai, SingularityNET, and Ocean Protocol ecosystems under a single, unified AI ￰10￱ process involved converting AGIX and OCEAN tokens into Fetch. ai's FET token at fixed rates, after which FET was rebranded as ￰11￱ no new smart contract was created, most exchanges and data platforms still list the token with the ticker symbol FET.

However, Ocean Protocol announced its withdrawal from the trilateral ￰12￱ dispute between ￰13￱ and Ocean Protocol began after ￰14￱ accused Ocean Protocol of converting 661 million OCEAN tokens into 286 million FET tokens through a multi-signature wallet affiliated with the ￰15￱ Protocol founder Bruce Pon denied the allegations, stating that the recent drop in the FET price had nothing to do with Ocean's exit from the ASI Alliance, which was formed by the merger of Fetch. ai, Ocean Protocol, and SingularityNET. *This is not investment ￰16￱ Reading: The Grand Alliance Was Broken! Two Altcoins That Couldn't Get Along Finally Found a Solution! A $120 Million Deal Reached!