The Ocean Protocol Foundation (OPF) has officially withdrawn from the Artificial Super Intelligence Alliance (ASI Alliance). The partnership previously brought together major AI and Web3 projects such as Fetch.ai and SingularityNET.
Behind this sudden and decisive move lies a deeper question: Was this the result of a difference in vision that eroded community trust and contributed to the precipitous decline in OCEAN prices?
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OCEAN leaves ASI
According to an official statement, the Ocean Protocol Foundation has withdrawn all board and membership positions within the ASI Alliance, effectively ending its role in the Decentralized AI Coalition.
The team did not give a specific reason for his sudden resignation. However, the immediate implementation of this decision has raised major concerns about internal cooperation and trust among ASI members over the past year.
Some community members accused Ocean of profiting from the partnership without adding value. At the same time, some have derided the project as a “Trojan horse” that will destroy the ASI ecosystem from within.
Ocean Protocol officially joined the ASI Alliance in March 2024. And by July 2024, approximately 81% of OCEAN’s total supply has been replaced by FET. However, approximately 270 million OCEAN tokens (held by over 37,000 wallets) remain unconverted.
This may have been an important factor in the decision to leave. The majority of the Ocean community clearly preferred to remain within the original ecosystem rather than be integrated into a unified ASI token structure. Retreat could help preserve Ocean’s native communities. It also prevents a project’s identity from becoming “diluted” within the larger sharing economy.
Another plausible explanation for the split lies in differences in long-term vision.
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Fetch.ai and SingularityNET will focus on building an “AI agent + AGI token economy” and develop an economy centered around autonomous AI networks and AGI tokens. In contrast, Ocean Protocol aims to refocus on its original mission of building a decentralized data infrastructure. This disagreement may have delayed the merger process in the past.
This strategic divergence highlights Ocean’s intent to return to its fundamental strengths: powering the AI economy with an open, secure, and user-owned data layer. Ocean temporarily lost focus and investor confidence by joining the ASI Alliance. You may try to get both back by stepping away from the project.
Can OCEAN tokens be recovered?
According to BeInCrypto data, OCEAN has plummeted from a peak of over $1.00 in March 2024 to around $0.23934, a four-fold decline.
Major exchanges such as Binance, Bitget, and Kraken contributed to the decline by delisting or refusing to support the ASI token merger.
After the withdrawal, the Foundation announced that profits from ocean-derived technology would be used to buy back and incinerate oceans. This mechanism ensures that the circulating supply of tokens decreases permanently and continuously.
At the same time, Ocean called on the exchanges that had delisted the company to consider relisting.
“Exchanges that delisted $OCEAN may evaluate whether they wish to relist $OCEAN tokens. Acquirers can now exchange $OCEAN on Coinbase, Kraken, UpBit, Binance US, Uniswap, and SushiSwap,” the protocol states.
