A decentralised digital representation of the real world in which autonomous software agents perform useful economic work
Fetch.ai is a Cambridge-based tech company that helps in building decentralised artificial intelligent network to power a decentralised machine-to-machine economy. The Fetch.ai technology has the potential to disrupt a wide variety of markets by improving the efficiency and optimising current system. Most blockchains today are not able to handle large amount of transactions and therefore cannot learn from the transactions data. Fetch.ai however, is able to connect devices and build new markets based on what these devices learn from each other. Some of the features that Fetch.ai build are smart contract language with AI and ML capabilities and framework for rapid development of Autonomous Economic Agents (AEAs) that can be deployed in any device. These agents can be individuals, organisations or objects which acts to bring economic incentives to its owner.
FET token is the utility token in the Fetch ecosystem. It is used to find, create, deploy and train AEAs. By using FET, users will be able to deploy their agents to use the Fetch.ai network. Developers will also be able to access machine learning utilities from Fetch.ai by paying FET. In order to maintain the validity and reputation of the network, users can stake FET token to validate the network. There is a maximum supply of around 1 billion FET.
GDA Group, Outlier Ventures, Blockwall Management.