FET currency is the digital currency of the Fetch.ai project, which focuses on artificial intelligence (AI) and blockchain technology together to create a decentralized independent economy in which 'intelligent agents' perform tasks without direct human intervention.
---
✅ Quick overview of the Fetch.ai project:
Element Details
Full name: Fetch.ai (FET)
Established: 2017
Official launch: 2019
Goal : To create a self-sustaining digital economy using artificial intelligence and autonomous agents.
Blockchain: Operates on the Ethereum network (ERC-20) and has launched a dedicated mainnet for the project.
Uses: Transport, supply chain, energy trading, decentralized finance, Web3, and others.
💡 What does the Fetch.ai project do?
1. Autonomous Agents:
Consists of intelligent software representing users or companies and performs automated tasks such as booking, purchasing, negotiating prices, or sharing data.
2. Machine Learning:
AI models are used to enhance the performance of intelligent agents by learning from data.
3. Open Economic Framework:
Enables secure and transparent data and service exchange.
4. DeFi and Web3:
Provides smart solutions for decentralized finance, enhances smart wallet functionalities, and connects other blockchains like Cosmos and Ethereum.
---
🪙 Uses of FET currency:
Pays transaction fees on the network.
Rewards for running nodes.
Governance and voting on network developments.
Guarantees for the use of intelligent agents.
---
🔮 Future of the currency:
In 2024, Fetch.ai announced an alliance with Ocean Protocol and SingularityNET to establish what is known as the 'AI Alliance', which aims to create a fully decentralized artificial intelligence system. This gave a significant boost to the FET project and made it a focal point for investors in the fields of AI and Web3.
---
🧠 Summary:
> Fetch.ai is a pioneering project that integrates artificial intelligence with blockchain to create a self-sustaining digital economy, and the FET currency is the heart of this intelligent system.