Fetch AI Platform Overview

Modern technology is rapidly transforming the world, with Artificial Intelligence (AI) and blockchain at the forefront of this evolution. These technologies are reshaping data processing, information interaction, and financial management, fostering trust and efficiency across industries.

Blockchain ensures secure and transparent transactions while enabling decentralized data management. It underpins innovations like cryptocurrencies, smart contracts, and dApps. AI drives automation, analytics, and forecasting in fields like healthcare, logistics, and finance. However, its integration requires extensive data, diverse information sources, and secure processing methods.

The synergy of blockchain and AI forms a powerful foundation for tackling real-world challenges. Fetch AI crypto is a pioneering platform that combines these technologies to create a decentralized ecosystem where AI operates autonomously, securely, and efficiently.

Fetch AI aims to optimize processes and provide unique opportunities for businesses and users by enabling decentralized AI to solve complex problems automatically.

What is Fetch AI Crypto?

Fetch AI is an innovative platform combining AI and blockchain to create a decentralized digital economy. It facilitates intelligent agent interactions, enabling automation, resource coordination, and data management.

The Fetch AI platform addresses inefficiencies in the digital economy and offers autonomous management solutionsfor industries such as logistics, trade, energy, and smart cities. By eliminating intermediaries, minimizing costs, and optimizing resources, Fetch AI crypto is a versatile tool for businesses and individuals alike.

Fetch AI: History and Team

Established in 2017, Fetch AI crypto quickly gained recognition for its unique approach. The team, based in Cambridge, UK, comprises experts in AI, blockchain, and robotics:

• Toby Simpson

Renowned for his career in game development and AI research, Toby worked on the game Creatures, where he created artificial life forms. This experience deepened his understanding of how autonomous systems can interact and evolve, forming the basis for Fetch AI intelligent agents concept.

• Humayun Sheikh

A visionary entrepreneur with a profound grasp of AI’s potential, Humayun was an early investor in DeepMind, a company that revolutionized AI research. His interest in integrating AI into real-world applications inspired him to create a platform capable of realizing a decentralized economy driven by intelligent agents.

• Thomas Hain

An expert in blockchain and cryptocurrencies, Thomas played a pivotal role in designing Fetch AI architecture, ensuring it is scalable and secure.

The team’s primary goal is to develop a platform that synergizes AI and blockchain to create a groundbreaking digital economy.

Fetch AI Crypto Architecture

The architecture of Fetch AI crypto uniquely combines blockchain, AI, and autonomous systems to facilitate interaction among intelligent agents — the core components of its ecosystem.

In the Fetch AI ecosystem, agents follow a structured sequence of interactions:

• Registration in Almanac

Agents register in Almanac, enabling discovery by other network participants.

• Placement in Agentverse

Agents’ functions are hosted in Agentverse, indexed by the AI Engine for future use.

• Task Execution

The AI Engine identifies and activates agents for task execution.

This system operates on the Fetch blockchain, ensuring data security, transparency, and immutability while remaining open to all participants.

Source: https://fetch.ai

Intelligent Agents in Fetch AI Crypto

At the heart of Fetch AI crypto lies the concept of intelligent autonomous agents. These specialized programs act on behalf of users or organizations, solving problems, interacting with other agents, and performing operations in a decentralized network. The idea is to leverage AI and machine learning to create digital representatives that save time, money, and resources.

Key Functions of Fetch AI Agents

• Task Automation

Agents in Fetch AI can perform various tasks, such as booking hotels, managing logistics, optimizing transport routes, or managing energy grids.

• Interaction

Fetch AI agents can autonomously discover, negotiate, and interact with other agents on the platform, enabling fastand cost-effective exchanges.

• Learning and Optimization

Using built-in AI algorithms, Fetch AI agents can learn from data, adapt to changes, and improve their performance over time.

• Market Access

Agents enable users to participate in decentralized markets, trade resources, and provide services.

Real-World Use Case of Fetch AI Agents

A practical illustration of Fetch AI agents can be seen in their ability to manage complex scenarios in daily life. For example, an agent assisting a user traveling to another city or country can:

• Book Accommodation

Fetch AI agents can find and reserve an apartment based on user preferences such as location, price, and amenities.

• Arrange Parking

Agent can coordinate with parking management agents to book a convenient parking spot near the accommodation or destination.

• Reserve a Restaurant Table

Fetch AI agents interact with restaurant services to select and book a table based on user preferences like cuisine type, availability, and ratings.

• Plan Around Weather Forecasts

Analyze weather forecasts to optimize plans, suggesting adjustments to routes or services.

• EV Charging Management

If the user drives an electric vehicle, the Fetch AI agents can organize access to nearby charging stations and reserve a charging slot to avoid waiting.

Source: https://fetch.ai

Fetch AI agents do more than execute commands; they exhibit a degree of autonomy, making decisions based on environmental analysis and predefined conditions. This capability transforms Fetch AI into a versatile tool for creating new interaction models within the digital economy. With its innovative technology, Fetch AI is positioned as a promising platform to revolutionize how users and their digital assistants collaborate.

Fetch Network: The Backbone of Fetch AI Crypto

The Fetch Network serves as the foundational infrastructure of the Fetch AI crypto ecosystem, supporting adecentralized digital economy built on intelligent agents, the AI Engine, Agentverse, and DeltaV. This network integrates seamlessly with the Fetch blockchain, ensuring security, transparency, scalability, and trust in transactions.

Core Components of Fetch Network

1. Almanac Contract

The Almanac Contract is a pivotal component of the Fetch Network, functioning as a decentralized registry for agents, Agentverse, and the AI Engine. Its primary functions include:

• Simplifying the discovery and coordination of Fetch AI agents.

• Enabling the AI Engine to locate and utilize suitable Fetch AI agents for user requests.

• Ensuring precise and reliable task execution through access to real-time data.

The Almanac facilitates remote interactions between Fetch AI agents, adding trust and data verification layers. Its organized catalog of agent functionalities allows the AI Engine to coordinate complex multi-agent processesefficiently.

2. FET Token

The FET token plays a crucial role in the Fetch AI crypto ecosystem, providing incentives for network participants. Its key functions include:

• Payment for network services.

• Participation in the Proof-of-Stake (PoS) consensus mechanism, with staking rewards.

• Involvement in network governance.

Initially issued as ERC-20 tokens on Ethereum, the launch of the Fetch blockchain introduced native FET tokens, which offer enhanced scalability and elimination of dependency on other network tokens.

Both ERC-20 and native FET tokens coexist, allowing users to convert between them seamlessly.

3. Fetch Name Service (FNS)

The Fetch Name Service (FNS) provides user-friendly names for Fetch AI agents and functions, simplifying access for developers and users. This feature enhances usability and accessibility across the Fetch Network.

4. Fetch Ledger and Indexer

The Fetch Ledger is a decentralized and secure record of all transactions and data exchanges within the Fetch AI crypto ecosystem. It:

• Uses FET tokens for transactions, agent interactions, and smart contract execution.

• Ensures transparency and network efficiency.

To optimize data access, the Fetch Ledger employs the Indexer, built on SubQuery, which offers a GraphQL-based API for developers to query data easily for their applications.

5. Jenesis

Jenesis simplifies the creation and deployment of smart contracts and decentralized applications (dApps) on the Fetch Network and other platforms supporting CosmWasm. This tool reduces development complexity and accelerates blockchain solution launches.

6. CosmPy

CosmPy is a Python library designed for blockchains built on the Cosmos SDK, including the Fetch Network. It:

• Simplifies transaction management.

• Enables the creation and testing of smart contracts.

• Facilitates interaction with Fetch AI agents.

Agentverse: A Core Component of Fetch AI Crypto

Agentverse is an integral part of the Fetch AI infrastructure, offering a platform for creating, registering, and managing intelligent agents. Operating on a Software-as-a-Service (SaaS) model, it equips developers with tools to build and integrate Fetch AI agents into the ecosystem. It provides a robust interface for leveraging agent functionalities in real-world scenarios and integrating them with the AI Engine for advanced operations.

Agentverse supports diverse use cases, from simple applications to complex AI-based systems like recommendation engines. These solutions are easily adaptable, deployable, and configurable, making the platform versatile anddeveloper-friendly for real-world applications.

Source: https://fetch.ai

AI Engine: The Intelligent Coordinator in Fetch AI Crypto

The AI Engine acts as an intelligent interface that connects Fetch AI agents with one another and with end-users. Its key roles include:

• Indexing agent functionalities.

• Helping users find the most suitable Fetch AI agents for various tasks.

• Enabling the creation of sophisticated business solutions requiring multi-agent coordination.

The AI Engine supports process automation, optimization, and predictive analytics, ensuring the Fetch AI crypto ecosystem remains flexible, scalable, and efficient.

uAgents Framework in Fetch AI Crypto Ecosystem

The uAgents Framework is a powerful environment for developing and programming agents in Fetch AI. This tool enables developers to:

• Customize Fetch AI agent behavior for specific tasks.

• Process real-time data.

• Integrate Fetch AI agents with other systems.

For instance, agents can optimize supply chains or negotiate deals dynamically, adapting to changing market conditions.

DeltaV Interface in Fetch AI

DeltaV is a chat-based interface that bridges users and registered agents on the Agentverse platform. It simplifies interaction with Fetch AI agents by transforming their functionalities into a user-friendly format. Through DeltaV, users can:

• Communicate effectively with Fetch AI agents.

• Monitor task execution.

• Receive actionable results in an easily analyzable format.

This interface provides an intuitive way to integrate agent functionalities into broader business or personal processes.

Funding History and Tokenomics Structure of Fetch AI Crypto

Fetch AI has garnered significant attention from the tech community and investors alike. The project has successfully raised substantial funds at various stages of its development, reflecting a strategic approach to building a sustainable ecosystem. Fetch AI tokenomics is designed to ensure a balance between long-term growth, rewards for early investors, and incentives for network participants.

Tokenomics of Fetch AI

Fetch AI tokenomics demonstrates a meticulous design aimed at fostering growth while aligning the interests of all stakeholders. The distribution of FET tokens is structured as follows:

• Founders & Team (20%)

A significant portion of FET token is allocated to the team, underscoring their long-term commitment to the project.

• Future Release (17.4%)

These FET tokens reserved for strategic initiatives and network expansion.

• Mining Rewards (15%)

Dedicated to incentivizing network activity and validator participation.

• Advisors (10%)

FET tokens allocated to key experts supporting the project.

• Public Sale (6%)

Funds raised during the public sale contributed to Fetch AI global launch.

• Seed Round (5.24%)

Provided early investors access during the project's inception phase.

• SAFT Series (6.38%)

Divided into three phases of pre-token sales:

1. SAFT Series 1: 2.68%

2. SAFT Series 2: 3.17%

3. SAFT Series 3: 0.53%

This balanced tokenomics ensures the sustainable growth of the Fetch AI crypto ecosystem, while fostering user engagement and rewarding contributors.

Source: https://dropstab.com/

Fetch AI Crypto Fundraising History

Fetch AI has successfully conducted multiple funding rounds since 2017, demonstrating consistent growth and interest from major industry players. Below are the key milestones:

• Seed Round (December 2017)

Raised $2.06 million.

• SAFT Series 1 (April 2018)

Raised $5.88 million.

• SAFT Series 2 (May 2018)

Raised $9.08 million.

• SAFT Series 3 (June 2018)

Raised $1.3 million.

• Public Sale on Binance Launchpad (February 2019)

Raised $6 million.

• Funding Round with DWF Labs (March 2023)

Raised $40 million.

• Funding Round with Bitget Exchange (April 2023)

Raised $10 million.

The total amount raised is $74.32 million. Fetch AI funding history showcases the increasing interest from key players in the crypto industry. These successful rounds have empowered the platform to achieve ambitious goals while building a robust and sustainable ecosystem.

Development of Fetch AI Crypto Ecosystem

Fetch AI continues to evolve, remaining a focal point for significant players in the crypto space. In 2023 alone, the project raised $50 million, solidifying its market position and accelerating its development.

Key Milestones in Fetch AI Development

1. Launch on Ethereum

Fetch AI initially issued its FET token on the Ethereum network, gaining traction in the decentralized finance (DeFi) ecosystem and attracting users.

2. Migration to Native Blockchain

To achieve greater scalability and independence, Fetch AI launched its own blockchain. This move strengthened its infrastructure and unlocked new opportunities for modular AI-based solutions.

3. Network Statistics:

• Over 22,000 autonomous Fetch AI agents deployed.

• More than 121 million messages exchanged across its distributed infrastructure.

• 26,000+ hours of computational time recorded, reflecting active user engagement.

4. Support for Specialized Protocols

Fetch AI supports over 500 protocols, enabling effective Fetch AI agent functionality for diverse applications such as logistics and smart financial services.

Source: https://agentverse.ai

Fetch AI Collaboration with SingularityNET and Ocean Protocol

On March 27, 2024, Fetch AI, SingularityNET, and Ocean Protocol announced a strategic partnership to form the Artificial Superintelligence Alliance (ASI). The goal of the merger is to establish the largest independent ecosystemfor research and development in the fields of Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI). This new alliance aims to democratize AI technologies and integrate them into decentralized structures.

Each participant has contributed key competencies to the alliance:

• Fetch AI (FET)

Provided infrastructure for modular AI-based applications.

• SingularityNET (AGIX)

Focused on creating democratic solutions for AGI development.

• Ocean Protocol (OCEAN)

Brought expertise in data management and trading to the alliance.

As part of the agreement, the FET token, AGIX, and OCEAN tokens have been consolidated into a unified currency called ASI (Artificial Superintelligence). This step has facilitated ecosystem integration and streamlined interactions among its participants.

The migration to the new token will occur in multiple stages, including the use of migration contracts and detailed instructions for users. The ASI-based interaction system is designed to accelerate the adoption of advanced solutions, lay the groundwork for innovation, and propel decentralized technologies into the realm of superintelligence.

The merger of Fetch AI, SingularityNET, and Ocean Protocol marks a milestone event, highlighting the potential of decentralized technologies in an era of growing interest in artificial intelligence.

Users can get any cryptocurrency for fiat or crypto on SimpleSwap.

Summary

Fetch AI remains at the forefront of integrating AI and blockchain technologies, laying the foundation for a new digital economy. Through intelligent agents, the project enables automation and optimization of business processes across industries, from logistics to smart cities.

Over the past seven years, Fetch AI has demonstrated steady progress:

• It began with public token sales and initial investments.

• In 2023, it secured substantial funding from major players.

• Transitioned from Ethereum to its own blockchain, perfectly tailored to AI ecosystem demands.

The partnership with SingularityNET and Ocean Protocol has been a defining moment, paving the way for the Artificial Superintelligence Alliance (ASI). This initiative underscores the potential of decentralized technologies and the democratization of AI in shaping the future.

Looking ahead, Fetch AI commitment to innovation and collaboration with industry leaders ensures its position as a trailblazer in the AI and blockchain domains. Fetch AI is set to achieve technological breakthroughs, attract major Web2 giants, and continue redefining the digital landscape.