Fetch.ai is a platform aiming to create a decentralized economy where agents can perform tasks autonomously and efficiently, powered by AI and blockchain technology. Its native token, FET, is used for staking, governance, and access to services on the platform. Buy FET instantly with Guardarian or keep reading to know more.
Release
2019
Ticker
FET
Creator
Humayun Sheikh
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Fetch.ai uses multi-agent systems (MAS) and blockchain technology to enable the creation of autonomous agents that can interact with each other and the external world. The platform is built on top of a DAG (Directed Acyclic Graph) ledger that allows for fast and secure transaction processing.
The autonomous agents are programmed with specific skills and objectives, and can communicate and trade with other agents on the platform. Fetch.ai platform is meant to improve sectors like smart cities, smart homes, supply chain and many others.
Fetch.ai is unique due to its combination of innovative technologies such as DAG, DLT, smart contracts, AI, and machine learning. The project can be applied in various sectors that help develop a digital economy that grows together with the network.
Fetch.ai's intrinsic value comes from its technology, use cases, and multi-purpose native token, FET, which is used to reward node operators and unlock network operations. Though the price of FET may differ due to volatility in the cryptocurrency market, its supporters believe in its growth potential as the Fetch.ai network continues to grow.
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