Fetch.ai is a Layer 1 decentralized AI platform that enables autonomous economic agents (AEAs) to perform tasks like searching, negotiating, and making decisions without human input. It is built with the Cosmos SDK and has been live since January 2020, it's powered by the native
$FET token which is the subject of this post.
The project began in 2017, founded by Humayun Sheikh (a founding DeepMind investor), Toby Simpson, and Thomas Hain, all operating out of Cambridge, UK. Since October 2023, Fetch.ai has officially relocated its crypto operations to Dubai, citing the region's supportive regulatory environment and AI-friendly infrastructure. This move is aimed at enhancing its global strategy.
The total supply is 2.71 billion coins with a circulating supply of 2.39 billion which is 88% of max supply. FET was briefly increased to facilitate its 2025 merger into the ASI token, minting around 1.48 billion extra tokens to do so. FET is operating an earn and burn scheme, and on January 10th 2025, 5 million FET were burned with more of these expected.
While there's no single entity controlling it, validator distribution and security audits do suggest moderate decentralization.
𝙒𝙝𝙖𝙩 𝙙𝙤𝙚𝙨 𝗙𝗘𝗧 𝙙𝙤?
🌍➡️ Fetch AI is basically a blockchain project that lets you create and use digital agents which are small pieces of software that can do tasks for you automatically. These agents can search for information, compare prices, book services, or even make decisions and payments and all without needing you to do it manually. Think of them like smart digital assistants that live on the blockchain.
🌍➡️ To explain this; Imagine you're trying to book a hotel but instead of searching through dozens of sites yourself a Fetch agent could do it for you, get you the best price and even make the booking itself, all using preferences and rules that you've set out. Goodbye price comparison websites.
🌍➡️ FET is the core token that powers the Fetch.ai network. It’s used to pay for digital agent services, secure the blockchain through staking, and reward developers who build useful tools. FET keeps the whole system running, enabling agents to work, users to interact, and the network to grow. In the future, FET may also be used for governance, giving holders a voice in how the platform evolves.
🌍➡️ In July 2025, a team from UC Berkeley developed "MayDay," an air traffic control co-pilot powered by Fetch.ai agents. The project won a hackathon, highlighting the potential of Fetch's technology in complex, real-world systems where precision and safety are critical. Fetch.ai has also formed strategic partnerships across several industries. Companies like Bosch and Deutsche Telekom are exploring its use in areas such as logistics, smart cities, and energy systems using FETCH's autonomous agents to automate and optimise operations.
🌍➡️ The platform is already being used in decentralized finance (DeFi), where AI-driven agents help users find and execute optimal trades on platforms like Uniswap and other decentralized exchanges.
Looking ahead, Fetch.ai is laying the foundation for a truly intelligent and decentralised digital economy. Its agent-based system has the potential to transform industries such as logistics, transportation, energy, healthcare, and artificial intelligence. As a founding member of the Artificial Superintelligence Alliance, alongside SingularityNET and Ocean Protocol, Fetch.ai is positioning itself at the center of the emerging decentralised AI ecosystem. With powerful tools like uAgents, the Agentverse Launchpad, and a $10 million innovation fund to support developers and startups, FETCH AI is shaping the future.
While the tech is promising, the biggest challenge ahead is adoption. Most people don’t yet understand how to interact with agents or why they would want to. User experience, education, and real-world integrations will be crucial in turning potential into widespread usage.
Could autonomous agents powered by AI really replace how we book travel, manage energy, or trade crypto? Or is this still too early? What do you think?
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