Two great powers combined offer an insight into the future of automation - introducing fetch.ai
The Cambridge (UK) based company, fetch.ai, brings the power of artificial intelligence to the Blockchain.
source: fetch.ai
About fetch.ai
The company was only founded in 2017 but has already attracted some major investment and is gathering serious interest from early adapters, tech enthusiasts and other cutting edge companies. The the team behind the company is aiming to build an infrastructure required for autonomous software agents which can automate economically useful tasks and by doing so enable individuals, businesses and organisations to further improve, streamline processes and overall increase productivity and efficiency.
It can tackle complex coordination tasks powered by its native token - FET. Potentially removing the need for middlemen and other cumbersome and expensive procedures.
The software and the fetch ecosystem is based around open source tech.
They have successfully partnered with public and private entities alike but some of their most known partnerships are with companies such as Tesla or Festo.
Tesla has integrated the deep parking application developed by fetch.ai and demonstrated it recently at the IAA.
Festo is a manufacturer and together they are building a decentralized marketplace that is set to transform the control systems which empower a global distribution centre.
But other commercial, real world applications range from hotels to AI generated NFTs. If you are interested to learn more about this unique NFT project search for CoLearn pAInt!
FET token
The FET token at the time of writing was the fourth most searched digital asset on coinmarketcap, it is added to Fireblock's secure wallet for institutional investments.
The ICO took place in Q4 of 2018 and raised 15 million USD. At the time of writing an estimated 746 million FET coins are in circulation out of the maximum 1.15 billion (circa 65%).
You can buy FET on 47 markets - but some of the most popular ones include Coinbase and Binance.
Blockchain: Ethereum
One of the most memorable moments of the token was when earlier this year despite a Bitcoin led crypto market meltdown it managed to increase in value by as much as 60% because of their real-world use case demonstration in partnership with BMW and Tesla of their "Deep Parking" tech.
If you want to learn more about the ins and outs of this amazing token you can read further on the company's Medium account as well.