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Fetch.ai (FET)

Last updated 12/10/2022

Official Website: https://fetch-ai.network/

Introduction to Fetch.ai (FET)

Fetch.AI is an artificial intelligence (AI) lab developing an open, permissionless, decentralized computer learning network with a crypto economy. It was founded in 2017 and debuted via IEO on Binance in March 2019. With a permissionless network that anyone can join and use to obtain safe datasets, Fetch.ai democratizes access to AI technology. It uses autonomous AI to carry out tasks that make use of its extensive global data network. The optimization of DeFi trading services, transportation networks, smart energy grids, travel, and virtually any other intricate digital system that depends on large datasets are among the use cases on which the Fetch.AI paradigm is based.

The utility token FET was created to discover, build, deploy, and train digital twins and is a crucial component of the platform's smart contracts and oracles. Users can create and launch their own digital twins on the network using FET. Developers may obtain machine learning-based tools to train autonomous digital twins and deploy collective intelligence on the network by paying with FET tokens. Staking FET tokens also enable validation nodes, facilitating network reputation and validation.

There are four distinct components of Fetch.ai technology:

  • The Digital Twin Framework offers modular building elements that assist teams in developing markets, capabilities, and intelligence that digital twins can engage with.
  • Digital twins have access to search and discovery features through the Open Economic Framework.
  • The Digital Twin Metropolis is a group of smart contracts that function as an immutable record of agreements between digital twins and are executed on a WebAssembly (WASM) virtual computer.
  • The Fetch.ai Blockchain blends multi-party cryptography with game theory to offer safe, censorship-resistant consensus and rapid chain-syncing to enable digital twin applications.

The learner, which represents a distinct private dataset and machine learning system, is one of the platform's fundamental elements. Each participant acts as the learner in the experiment. There is also the world market, an outcome of a communal learning experiment in which the learners themselves collectively taught the machine learning model. Next, there is the Fetch.ai Blockchain, which allows smart contracts, allowing for safe and auditable coordination and governance. Finally, the decentralized data layer based on IPFS permits the sharing of machine learning weights among all the engaged learners.


Fetch.ai's CEO now is Humayun Sheikh. He founded itzMe, uVue, and is the CEO and creator of Mettalex.

Former COO of Fetch.ai, Toby Simpson is currently a member of the advisory board. In addition, he held the positions of Head of Software Design at DeepMind and CTO of Ososim Limited.

Former Chief Science Officer of Fetch.ai, Thomas Hain. Prior to that, he operated as Koemei's co-founder and director.


Where to Store Fetch.ai (FET)

A trusted wallet provider for your Fetch.ai (FET) token could be Trust Wallet - a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place.  

Similarly, a user-friendly option to keep your $FET secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to their MetaMask wallet.

Atomic Wallet is a popular custodial wallet option that can hold a wide variety of cryptocurrencies such as $FET making it highly desirable for users who wish to have a varied portfolio.   

Alternatively, to keep your FET tokens secure and offline we recommend using the leading hardware provider Trezor.

Where to Buy and Sell Fetch.ai (FET)

You can Buy & Sell Fetch.ai (FET) by heading over to the Buy Coins page of our website. Fetch.ai (FET) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $FET has never been easier, simply place your order and provide your wallet address. Once your payment arrives Fetch.ai (FET) will be sent directly to your wallet.     

If you choose to Sell Fetch.ai (FET) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.   

Fetch.ai (FET)Resources

Website: https://fetch-ai.network/

Block Explorer: https://explore-fetchhub.fetch.ai/

Twitter: https://twitter.com/fetch_ai

Medium: https://medium.com/fetch-ai

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.  

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