Alleged Conversion and Misappropriation of Tokens

In this episode, Fetch.ai founder Humayun Sheikh joins Bryce and Brendan to address the fallout from the Ocean Protocol dispute, detailing how millions of tokens meant for community rewards were allegedly misappropriated. He describes the resulting legal action as a stand for fairness in decentralized governance, emphasizing that the Fetch and ASI teams remain focused on innovation. The discussion transitions to AI development, where Humayun Sheikh outlines Fetch’s live ASI One platform, now powering millions of user-created intelligent agents and building toward an “AI-first” web. He concludes by previewing the upcoming ASI blockchain, optimized for AI workloads, and reaffirms his commitment to making decentralized, agent-based AI systems a global reality.

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Chapters

00:00 — Intro and setup with Humayun Sheikh returning to discuss major updates.

01:45 — Overview of the ASI Alliance and why the projects merged.

06:39 — Humayun explains the Ocean token controversy and alleged misappropriation.

11:41 — How Ocean accessed the funds and why the DAO structure failed.

15:36 — Legal framing, community impact, and why this case may set precedent.

18:01 — What Humayun sees as the ideal resolution to the dispute.

22:34 — Shift to progress: ASI One platform adoption and agent-based AI.

26:40 — Breakdown of the AI-first tech stack and need for expert models + agents.

33:41 — How ASI aims to compete with Big Tech despite resource imbalance.

40:58 — Discussion on AI energy demands and future efficiency solutions.

44:11 — Thoughts on Michael Burry shorting AI giants like Nvidia and Palantir.

47:17 — What’s coming next for Fetch.ai: ASI Chain, compute shards, and broader adoption.

51:54 — Final remarks on overcoming setbacks and Fetch’s long-term global AI vision.

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