After successfully launching its mainnet in December 2019, Fetch.AI is now looking to solidify its status in the industry, with its highly functional AI-powered blockchain platform for complex machine learning.
Humans are constantly in a race against time, as the latter is never enough and this has led to the development of AI technologies, which enables us to tap machine intellect to improve our processes, from crypto trading to digital advertising and more.
Thanks to the solid support received from Binance Launchpad last year, Fetch.ai was able to raise a whopping $6 million during its token sale and it also succeeded in launching its own mainnet on schedule, in December last year.
The Fetch.ai platform can be used by enterprises or individuals to create and maintain Autonomous Economic Agents (AEAs) since it focuses primarily on the benefits of machine learning.
Through machine learning and artificial intelligence, AEAs autonomously provide users with economic value by allowing them to have access to critical information or selling data generated by the user.
For instance, the AEAs created by Fetch.ai can be used to accurately analyze transport routes, the availability of routes, or even the availability of a certain product or service based on a user’s preference, and more, without sharing or storing private data.
Notably, Fetch.ai’s solutions make it possible for users to seamlessly create their own customized agent-based applications. The applications will be able to quickly analyze complex and relevant data related to a specific purpose and make the best use of such data.
Fetch.ai is Powered by FET
Fetch.ai is powered by its native altcoin called FET. It facilitates micropayments on the network and allows agents to work in a frictionless way.
“In the coming weeks, we will be unveiling more tools to enable developers to build and deploy agents on the Fetch.ai network. This will include our token conversion tool, which will enable users to convert tokens back to ERC20 from native FET. We’ll also be launching hardware wallet support and web-based extensions. In terms of commercial growth, we are just starting – there is a lot more to come in terms of partnerships and use cases. Watch this space,” declared the team.
To work on the Fetch.ai network, a meager FET stake is required, to enable users to create a vast array of solutions to real-world problems including:
- Transport and infrastructure predictions for traffic analysis, optimized routes, etc
- The creation of analytical tools for trading
- Recharging of electric vehicle
- Intelligent autonomous supply chains
- Smart homes or cities and more.
Fetch.ai is determined to develop blockchain, AI and machine learning-powered solutions that allow users to enhance practically all areas of their business and everyday processes.