Ocean Protocol has officially announced its departure from the Artificial Superintelligence (ASI) Alliance, aiming to maintain control over its OCEAN token economics. This strategic move highlights the project’s commitment to a self-sustaining token model and independent governance.
The ASI Alliance was originally formed in March 2024 in collaboration with Fetch.ai and SingularityNET to consolidate the ecosystems of the three projects under a single token framework. Tokens like AGIX and OCEAN were voluntarily convertible into FET, which later became the main asset of the merged ecosystem and was eventually rebranded as ASI. However, no new smart contract was created during this process; the restructuring primarily involved rebranding and alignment of tokenomics.
Ocean Protocol emphasized that its exit was necessary to safeguard an independent financial framework and token supply management. Moving forward, the project plans to support sustainable growth through revenue generated from technology spin-outs. Part of the proceeds will be allocated to buybacks and token burns, reducing OCEAN circulation and enhancing price stability.
According to the protocol, since July 2024, approximately 81% of OCEAN supply has been converted into FET. Nevertheless, over 270 million OCEAN tokens remain in circulation across 37,000+ addresses. The Fetch.ai conversion bridge remains operational, and OCEAN continues trading on major exchanges including Coinbase, Kraken, Binance US, and Uniswap.
The alliance previously facilitated technology integrations, educational initiatives, and events such as the Superintelligence Summit. Representatives from Ocean stressed that the need for flexibility and independent funding drove their decision to pursue a standalone path.
In an official statement, ASI representatives confirmed that the separation occurred amicably, describing it as a “natural transition within evolving partnerships.” Fetch.ai also highlighted that the alliance’s core mission—developing an open and decentralized AI infrastructure—remains unchanged.
Following the announcement, the ASI token dropped approximately 4.7% according to TradingView data, with the asset having declined 18.6% over the past week.
