Big development: A postponement came from the artificial intelligence alliance!

The AI ​​Alliance has postponed its merger date, the company announced Tuesday. Artificial intelligence based cryptocurrencies FET, AGIXand the merger of OCEAN into a new ASI token will now take place on July 15.

The alliance, which consists of AI-focused blockchain developers SingularityNET, Fetch AI and Ocean Protocol, announced the merger in April and set the date for the following month on June 13. However, the merger will not take place on Thursday.

Fetch AI CEO Humayun Sheikh on betting Decrypt ‘to“Due to technical constraints and the strong regulatory environment, we recognized the need to postpone the merger to ensure we meet the robust processes required for our token holders,” he said.

Pir, who is also the chairman of the board of directors of the Artificial Superb Intelligence Alliance, said that the group is working with central exchanges to complete the remaining steps.

The development in the artificial intelligence alliance directly affected the relevant cryptocurrencies

“The completion of the three-way tokenomic merger on July 15 will be a valuable milestone,” SingularityNET founder and alliance CEO Ben Goertzel said in a statement. “We look forward to a series of increasingly exciting milestones going forward as we leverage ASI to move towards increasingly capable AI systems and, over time, true superior intelligence.”

It is unclear whether the merger delay will have an immediate impact on the price of the three coins in question, as AI-related tokens are generally struggling with the crypto market.

The market cap of AI tokens overall is down 8.7 percent today, according to CoinGecko. Individual tokens of ASI members are also in red, for example: SingularityNET (AGIX) is trading at $0.67, down 6.6 percent on the day; Fetch AI (FET) was down 7.4 percent on the day to $1.58, and Ocean Protocol (OCEAN) was down 5.5 percent on the day to $0.69.

All three are down more than 20 percent in the past seven days: FET is down 25.8 percent, AGIX is down 24.0 percent, and OCEAN is down 23.5 percent.