Foundation plans OCEAN buybacks for permanent supply reduction.
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On October 9, 2025, the Ocean Protocol Foundation announced its withdrawal from the Artificial Superintelligence Alliance (ASI) in a blog post, retracting its appointed administrators as well. Formed in March 2024 with Fetch.ai and SingularityNET, the alliance had unified AGIX and OCEAN tokens under the FET token to promote the ASI brand. The foundation justified its change of direction by citing goals of independent financing and tokenomics flexibility.
ContentsThe Retraction in Unified Token Structure"Adaptation is Vital, Transitions are Natural" The Retraction in Unified Token Structure
During the alliance process, no new smart contracts were initiated. The FET token merely became known as ASI, and numerous exchanges and data platforms continued to offer it under the FET code. The transformation proceeded voluntarily, allowing AGIX and OCEAN token holders to convert to FET at designated rates. With the integration of CUDOS in September 2024, the network's computational layer was enhanced while the supply side joined the ASI ecosystem.
According to the foundation's data, about 81% of OCEAN tokens had been converted to FET tokens since July 2024. Blockchain data reveals approximately 270 million OCEAN were held across 37,334 addresses, with the conversion rate maintained at 1 OCEAN equaling 0.433226 FET through the bridge managed by Fetch.ai. Unconverted OCEAN tokens continue to be traded on centralized exchanges such as Coinbase, Kraken, Upbit, Binance, and decentralized exchanges like Uniswap and SushiSwap.
The foundation confirmed the finalization of its independent financing plan, announcing that a portion of the profits from the commercialization of Ocean-derived technologies will be allocated to OCEAN token buybacks and burns. This strategy aims at a permanent supply reduction while offering token holders a flexible roadmap. The announcement also recalled collaborative efforts throughout the previous year in technology integrations, partnerships, and events like the Superintelligence Summit and ETHGlobal NYC.
"Adaptation is Vital, Transitions are Natural"
The alliance's response to the Ocean Protocol Foundation's decision on X was "adaptation is vital; transitions are natural." The statement emphasized that the withdrawal would not disrupt the core technology stack, preserving the pace of development while founding teams continued to pursue the shared goal of an open, decentralized artificial intelligence infrastructure.
Market reflections show roughly a 4% decrease in the prices of ASI and FET tokens.
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