Ocean explains the reason for exiting ASI: partners have violated the core commitment of "all parties retaining control over assets."

BlockBeats news, on October 23, Ocean Protocol published a statement explaining its reasons for exiting the Artificial Superintelligence Alliance (ASI), accusing its partners SingularityNET (AGIX) and Fetch.ai (FET) of violating the alliance's core commitment to “each party retaining control over its assets.” The merged FET Token price fell by 93% from its peak, primarily due to massive dumping by SingularityNET and Fetch.ai, as well as the failure of Fetch.ai's own high-risk “TRNR” trades, rather than Ocean Protocol's exit. Throughout this process, Ocean has adhered to the principle of Decentralization, which is that individuals have undisputed sovereignty over their assets. This exit is to avoid further harm to the interests of the Ocean community, and in the future, Ocean will continue to focus on the independent development of its technology and products. In 2024, SingularityNET (AGIX) will merge its Tokens with Fetch.ai and Ocean Protocol for the Artificial Superintelligence Alliance (ASI), with the final Token name being ASI, which will be completed on June 13, 2024.