CRYPTO 101

Ep. 693 Inside the Fetch.ai and Ocean Rift — Humayun Sheikh on AI, Decentralization, and the Future of ASI/Fetch.ai

Dec 2, 2025
Humayun Sheikh, founder of Fetch.ai, dives deep into the controversy surrounding the Ocean Protocol, addressing the misappropriation of community tokens and the legal actions taken for fairness in decentralized governance. He introduces the ASI One platform, highlighting its growth with millions of intelligent agents paving the way for an AI-first web. Sheikh also discusses the upcoming ASI blockchain, designed for AI workloads, and shares insights on competing with big tech through innovation while tackling energy efficiency in data centers.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

How The ASI Alliance Formed

  • Humayun Sheikh describes forming the ASI Alliance with Singularity, Ocean, and Kudos to assemble a complete AI tech stack.
  • He recounts the roles: Fetch for agents, Singularity for models and chain research, Ocean for data, and Kudos for compute.
ANECDOTE

Promise Of Community Reward Tokens

  • Sheikh recounts Ocean's promise of community reward tokens and their intended use to incentivize projects.
  • He explains Ocean had minted a large pool and the alliance expected those tokens to fund ecosystem builders over years.
INSIGHT

Conversion Broke Alliance Trust

  • Ocean converted community tokens into FET and transferred large amounts on June 25th, which broke the alliance's expectations.
  • Sheikh frames this as misrepresentation because the tokens were meant for long-term community distribution.
Get the Snipd Podcast app to discover more snips from this episode
Get the app