The Ocean Protocol Foundation has decided to step back from the Artificial Superintelligence Alliance as announced in a statement on October 9, 2025. This significant move includes withdrawing its appointed administrators, marking a pivotal shift in its strategic direction. Formed initially in March 2024 with core members Fetch.ai and SingularityNET, the alliance aimed to unify the AGIX and OCEAN tokens with the FET token under the ASI brand. However, Ocean Protocol now seeks more autonomy in its financial planning and tokenomics approach.
Why the Change from Unified Tokens?
Throughout the alliance, there was no creation of new smart contracts; instead, the FET token was rebranded to ASI for simplicity. Holders of AGIX and OCEAN tokens were offered the chance to convert to FET at pre-defined rates. September 2024 saw CUDOS integrate, boosting the network’s computational capacity and contributing to ASI’s ecosystem development.
Data from the foundation indicates a significant shift, with 81% of OCEAN tokens converted to FET tokens since July 2024. Currently, records show about 270 million OCEAN tokens distributed across 37,334 addresses. The conversion was maintained through a bridge by Fetch.ai, at a rate of 1 OCEAN for 0.433226 FET. Nevertheless, OCEAN tokens remain active on major exchanges like Coinbase and Binance, as well as decentralized platforms like Uniswap.
The Ocean Protocol Foundation also revealed their completed independent financing strategy, which will fund OCEAN token buybacks and burns from profits of commercializing Ocean-derived technologies. This plan focuses on reducing the token supply, thus designing a flexible path for holders. The announcement revisited previous collaborations, highlighting significant events like the Superintelligence Summit and ETHGlobal NYC.
New Goals or a Return to Old Ones?
Responding to Ocean Protocol’s departure, the remaining alliance members stated, “adaptation is vital; transitions are natural.” They stressed that this exit wouldn’t hinder technological development, with teams continuing their dedication to building a decentralised AI landscape.
Following the announcement, market reactions saw a modest decline of around 4% in the value of ASI and FET tokens.
This strategic pivot by Ocean Protocol highlights several key outcomes:
- Decisions driven by the need for independent token management and financial strategies.
- Continued exchange activity for OCEAN tokens despite high conversion rates to FET.
- A commitment to a reduced token supply through proactive buybacks and burns.
- Ongoing dedication to tech advancements and integration opportunities despite the alliance exit.
This course of action underlines Ocean Protocol’s prioritization of independent development while maintaining its commitment to innovation in the AI sector.
