What is Fetch.ai (FET)? Your Guide to AI-Powered Blockchain
Crypto meets artificial intelligence (AI) with Fetch.ai (FET), a project bringing smart automation to blockchain! This hot token, built on the Ethereum blockchain and accessible through wallets like Klever Wallet, uses AI to create a network of self-acting digital assistants called Autonomous Economic Agents (AEAs). Imagine tiny robots handling tasks and streamlining processes – that's the power of Fetch.ai, simplified.
FET fuels the Fetch.ai ecosystem, rewarding users for participating and offering exciting possibilities for the future of AI and blockchain. Ready to dive into the world of Fetch.ai? Let's explore what is the FET crypto.
Understanding $FET
$FET refers to the native cryptocurrency token of the Fetch.ai platform. The token plays a central role in the functioning and economy of the Fetch.ai ecosystem, which is designed to facilitate the creation, deployment, and management of Autonomous Economic Agents (AEAs) on a decentralized network. The network leverages both blockchain technology and artificial intelligence (AI) to automate various tasks and processes without the need for human intervention, aiming to improve efficiency across numerous applications and industries.
Fetch.ai: History and Founders
Fetch.ai's journey began in 2017 in Cambridge, UK, with a team of passionate individuals determined to revolutionize how AI interacts with the blockchain world.
A Timeline of Innovation:
August 2017: Fetch.ai is founded in Cambridge, UK, by Humayun Sheikh, Toby Simpson, and Thomas Hain.
2017-2018: The Fetch.ai team focuses on developing the core technology and conducting a successful initial coin offering (ICO) to fund further development.
2019: Fetch.ai launches its mainnet, marking a significant milestone in bringing its vision of a decentralized AI marketplace to life.
2020-Present: The team continues to refine the platform, attract partnerships, and build real-world use cases for Fetch.ai's technology. They actively participate in conferences and events, fostering collaboration and growth within the blockchain and AI communities.
Key Functions and Uses of FET
FET is the lifeblood of Fetch.ai. The token lets you do everything from paying fees to running AI assistants (AEAs) and even vote on how the network works - governance. Plus, holding FET can earn you rewards and unlock special features, aka staking.
What Makes Fetch.ai Unique
Autonomous Economic Agents (AEAs): Fetch.ai's introduction of AEAs sets it apart. These agents can perform a wide array of tasks autonomously, driven by AI, which is a pioneering approach in the blockchain space.
AI and Blockchain Integration: The deep integration of AI within a blockchain framework is relatively unique to Fetch.ai. This allows for real-time, autonomous decision-making within the network, enhancing both efficiency and functionality.
Smart Ledger Technology: Unlike standard blockchains, Fetch.ai’s ledger is optimized for high-speed, complex transactions necessary for the operations of AEAs, making it uniquely suited for AI-driven autonomous actions on a blockchain.
Fetch AI (FET) Tokenomics
Token Symbol: FET
Blockchain: It operates on multiple blockchains, including Ethereum.
Utility: Fetch.ai is focused on artificial intelligence, offering a decentralized machine learning network. It supports the development of digital twins and enables secure dataset access for autonomous AI tasks.
Total Supply: 1,152,997,575 FET
Circulating Supply: 840,059,069 FET
Supply Allocation: Managed by the Fetch.ai foundation, supporting AI and machine learning development.
In-Blockchain Use: For creating, deploying, and managing AI models and digital twins.
Staking: Involves validation nodes facilitated by FET staking, enhancing network security and efficiency.
Governance: The Fetch.ai community, through token-based mechanisms, participates in governance decisions.
Market Performance Mar 26, 2024
Current Price: $2.84
Market Cap: $2,386,739,937
24h Volume: $655,367,082
All-Time High: $3.12
All-Time Low: $0.00827
Klever Wallet: Your Secure All-Access Hub for Fetch.ai (FET)
Klever offers a powerful suite of tools designed to keep your Fetch.ai (FET) safe, accessible, and ready for action. From managing your holdings on the go to seamless swapping, Klever empowers you to take full control of your FET experience.
Here's why Klever stands out for your Fetch.ai needs:
Seamless Management
Manage FET effortlessly with the user-friendly Klever Wallet available on both mobile wallet and Klever Chrome Extension, for desktop users.
Enjoy a secure environment with strong encryption and optional two-factor authentication.
Effortless Swapping
No need to juggle multiple platforms! Swap your FET directly within the Klever Wallet using our integrated swap service.
Considering Hardware Security?
KleverSafe prioritizes top-tier security by storing your private keys offline, making them immune to online attacks in a hardware wallet.
This is ideal for users who prioritize maximum protection for their FET holdings.
Global Accessibility
Klever Safe delivers worldwide, making it convenient for users across the globe.
Multi-Blockchain Support:
Klever Safe goes beyond just FET. It supports over 30 blockchains, offering broader cryptocurrency storage capabilities.
FIDO U2F Integration
Klever Safe integrates with FIDO U2F (Universal 2nd Factor) authentication, adding an extra layer of security for online transactions.
