Ocean Protocol to Return $120M in FET to Fetch.ai

Coinpedia 3 hours ago 125

The post Ocean Protocol to Return $120M in FET ($0.26) to Fetch.ai appeared first on Coinpedia Fintech News

Ocean Protocol will return about $120 million worth of FET tokens to Fetch.ai, settling their legal dispute and avoiding a prolonged lawsuit. This agreement allows both projects to focus on collaborating and innovating in the decentralized AI and Web3 space. Fetch.ai’s CEO Humayun Sheikh had threatened legal action over token mishandling, but the settlement marks a positive step toward resolving tensions and rebuilding trust between the two blockchain initiatives.

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