#Fetch ai price software

This privately owned company is headquartered in the United Kingdom and is backed by various venture capitalists. History of Fetch.ai (FET)įetch.ai was cofounded by Humayun Sheik, Toby Simpson, and Thomas Hain in 2018. FET can be utilized for staking and as a mechanism for returning value to network participants. The FET token aims to function as an essential element for all network exchanges. This token is a primary source of value exchange on the Fetch.ai network. The Fetch token, denoted as FET, is an ERC20 token. For instance, by simply relaying the activity of a windshield wiper and the washer activity, an agent in a vehicle is able to provide road and weather conditions. Internet of Things (IoT) utilized by Fetch.ai enables utilization of available short-term opportunities to sell the information they possess in existing as well as novel information services markets. In an environment that is continually reorganizing to make tasks as easy as possible, data is able to aggressively take advantage of every opportunity to exploit itself in any marketplace. To automate decision-making and regular chores, the agent learns from the user and their close connections.įurther, Fetch.ai aims to solve one of the major problems existing in the data industry at present: data can’t sell itself.

The digital twin is a personal agent who tries to improve users’ lives. Accordingly, the platform states that users can digitize themselves or their businesses by claiming a “ digital twin,” as Fetch.ai refers to them. They make the decision for themselves as well as individuals, enterprises, governments, and many other stakeholders. These agents are digital entities representing data, service, hardware, individuals, or infrastructure elements. In addition, Fetch.ai aims to link agents with value and users who need that value. The platform defines an autonomous economic agent (AEAs) as an intelligent agent (a Python-based development suite) functioning on behalf of its owner, with minimal or no intervention, to generate economic value for its owner. This autonomy is achieved with a decentralized network that supports an ecosystem of various “ agents” that seek, negotiate, and trade in an economic internet. In simpler words, Fetch.ai is a platform that aims to connect devices and enable the creation of markets to add value to the data.Īccording to the website, Fetch.ai aims to make truly autonomous decisions. This implies that users can utilize the Fetch.ai platform to accomplish tasks such as distributing data or offering services and be compensated with digital currency in Fetch tokens (FET) for their efforts.

#Fetch ai price software

The platform aims to be a decentralized digital model of the actual world in which autonomous software agents conduct productive economic activities. Fetch.ai seeks to provide AI platforms and services that allow anybody to build and deploy AI at scale, at any time, and from any location.

You can find more details about Fetch AI on its official website and on the block is a blockchain-based artificial intelligence (AI) and machine learning (ML) platform. The current circulating supply of Fetch AI is 688.12 Million tokens, and the maximum supply of Fetch AI is 1.15 Billion.įetch AI’s 24 hour trading volume is $ 3.62 Million.įetch AI's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 55.42 Million. Semantic, geographic and decision based navigation for autonomous agents to deliever seamless problem solvingįetch AI's current price is $ 0.0805, it has dropped -1.62% over the past 24 hours.įetch AI's All Time High (ATH) of $ 1.15 was reached on, and is currently -93% down.Economic framework for gowering dynamic marketplaces.Synergetic computing: Intelligent Smart contracts for autonomous systems.Uniaue scalable ledger to support high transaction rates.Digital infrastructure for deployment of Multi-Agent Systems.Fetch.Ai brings together machine learning, artificial intelligence, multi-agent systems and decentralised ledger technology to create an economic internet - an environment where digital representatives of the economy's moving parts (such as data, hardware, services, people and infrastructure) can get useful work done through effective introductions and predictios.