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

Published by
Sohrab Khawas

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.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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