Understand Fetch.AI in one article

Fetch.AI Project Introduction

Founded in 2017 by Humayun Sheikh, Toby Simpson, and others, Project Fetch.AI is a blockchain-based decentralized machine learning platform that aims to build infrastructure for developing modern, decentralized, and peer-to-peer (P2P) applications, with a vision to provide intelligent solutions for industries through a decentralized network of autonomous agents.

$FET is the native token of the Fetch.AI platform, compatible with the Inter-Blockchain Communication (IBC) protocol, and supports cross-chain asset interaction within the Cosmos ecosystem. As the core value carrier of the Fetch.AI ecosystem, $FET acts as the primary exchange medium, empowering decentralized digital agents to automatically execute tasks such as data sharing, smart collaboration, and service provision, thereby optimizing on-chain transaction processes.

Fetch.AI project identifier (Image source: https://www.standard.co.uk)

Project Links:

Official website entrance:https://fetch.ai/

White Paper:https://fetch.ai/docs

X (Twitter):https://x.com/fetch_ai

Telegram：https://telegram.me/fetch_ai

Medium:@fetch-ai””>@fetch-ai"">https://medium.com/@fetch-ai

Dexscreener:https://dexscreener.com/ethereum/0x744159757cac173a7a3e

Etherscan:https://etherscan.io/token/0xaea46a60368a7bd060ee

Trading Entrance:https://www.Gate.com/zh/trade/FET_USDT

Fetch.AI founding team

Humayun Sheikh is the current CEO of Fetch.AI and a former early investor in the well-known artificial intelligence company DeepMind, focusing on the commercialization of AI technology and dedicated to promoting the development of the intelligent economy; Toby Simpson is a co-founder and COO with a strong background in software engineering and AI system development, and rich leadership experience in automated agents and distributed computing architectures.

Fetch.AI main leaders (Image source:https://medium.com/fetch-ai/fetch-ai)

Fetch.AI application scenarios

Relying on its decentralized intelligent agent system and autonomous machine learning technology, Fetch.AI has demonstrated a wide range of commercial application potential in various fields such as transportation, railway dispatching, smart parking, energy distribution and smart home. With the maturity and implementation of autonomous AI agent technology, Fetch.AI is expected to become an important infrastructure to promote the development of a decentralized smart economy, providing more efficient, secure, and intelligent solutions for various industries.

For example, in the travel and hospitality industry, Fetch.AI reduces the impact of centralized aggregators through autonomous AI travel agents, making the interaction between hotels and consumers more direct; In the field of smart city mobility, Fetch.AI’s autonomous agents can intelligently interact with parking systems to help users automatically search, book, and navigate to the optimal parking space, thereby optimizing urban traffic management and improving travel efficiency.

In the commodity trading sector, Fetch.AI optimizes the circulation efficiency of commodities such as steel and metals through a decentralized digital trading system, and based on the blockchain’s intelligent settlement function, allows market participants to manage transactions without sacrificing security and market efficiency.

In addition, Fetch.AI has also demonstrated significant value in the healthcare field, with its collective learning module providing a decentralized data collaboration method that enables medical institutions to share data and optimize diagnoses while protecting patient privacy, accelerating the patient treatment process.

Fetch.AI official website (Image source:https://fetch.ai/）

$FET Token Information

Token Name: Artificial Superintelligence Alliance (FET)

Published: February 24, 2019

Total supply: 26.05 billion FET

Token type: FET/ ERC-20/ BEP-20

Contract Address: 0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85

$ FET On-chain Information (Image Source:https://etherscan.io/token/0xaea46a60368a7)

$FET Token Usage

Transaction fees: Transaction and service fees on the payment network;

Staking function: Staking FET can participate in network governance and receive rewards;

Access resources: access AI tools, datasets, and computing resources within the platform;

Ecological governance: Holders can participate in the governance decisions of the platform.

$ FET Token Allocation Model (Image Source: https://fetch.ai/docs/)

$FET market performance

Over the past month, the market sentiment of $FET has been weak: in mid-January, the price of $FET was close to $1.50, followed by continuous selling pressure, entering a period of deep adjustment. In early February, the decline intensified, with the token price seeking support around $0.70, but failing to rebound effectively.

At the time of writing on February 18, $FET had a fully floatable market capitalization of $1.980 billion and was last trading at $0.7252, a correction of more than 50% from the month’s high, and it is currently in a low-level consolidation phase. The follow-up trend needs to pay attention to the changes in liquidity, the overall trend of the AI track and the latest development of the Fetch.AI ecosystem, if the volume can exceed $0.80, it may be expected to resume the upward trend; However, if it falls below $0.70, it will fall further.

01/29 - 02/14 period $FET trend (Chart Source:https://dexscreener.com/ethereum/0x744159757cac173a)

$FET Risk Warning

Fetch.ai is a blockchain solution empowered with AI, but its technology is still evolving. The commercial implementation of open-source tools and AI agent systems remains uncertain. In recent years, the competition in the integration of artificial intelligence and blockchain has been fierce, with many tech giants and emerging projects exploring similar applications. Whether Fetch.ai can maintain its technological leadership and successfully attract users still needs to be verified over time.

Any adverse regulatory changes may affect Fetch.ai and its token economic model. Investors are advised to fully evaluate the project’s technological progress, market competitive landscape, and policy environment when participating in $FET trading or Fetch.ai ecosystem applications, and to manage risks effectively.

epilogue

Fetch.ai’s commercial applications are still in progress, and its unique selling point is that it deploys machine learning and artificial intelligence solutions to decentralize problem solving and provide real-world solutions for areas such as hospitality, healthcare, and transportation. As a representative project of the AI + blockchain track, it has a high growth space and is expected to achieve large-scale application in the future, bringing new breakthroughs to the AI-driven blockchain ecosystem.