Fetch.ai (FET) Price Index
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MarketCap$ 1,990,985,524
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Volume$ 220,116,555
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Change9.89%
Artificial Superintelligence Alliance
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Overview: What is Fetch.ai (FET)?
Fetch.ai (FET) is a pioneering artificial intelligence (AI) project that integrates blockchain technology, with machine learning models to create a decentralized network of autonomous economic agents (AEAs). These agents are designed to autonomously perform tasks and they have applications within a variety of sectors like finance, supply chain, and IoT. The Fetch.ai platform was launched in 2019, following and Initial Exchange Offering (IEO) on the Binance Launchpad.
What Makes the FET Coin Unique?
Fetch.ai stands out for its use of AEAs that can perform a wide range of tasks autonomously, from automating processes to simplifying blockchain interactions. Fetch.ai’s innovative approach involves the combination of AI with blockchain to create new business models and to enhance machine-learning capabilities. As well as working alone on discrete tasks, the AEAs will pool the results of their data processing into the collective intelligence — a shared machine learning knowledge base. FET, the native token of the Fetch.ai network, provides access to the ecosystem and participation in its governance.
What Is Fetch.ai Used for?
FET is used in a variety of ways within the Fetch.ai ecosystem. For a start, FET token holders can participate in the governance of the network, voting on decisions relating to the future of the ecosystem. FET is also used to pay for platform transactions and services. In addition, Fetch.ai users can stake FET to participate in network validation and security.
How Does Fetch.ai Work?
Fetch.ai enables users to create and use AEAs for multiple purposes. The network leverages AI to drive learning and facilitate problem-solving. The Fetch.ai ecosystem includes an AI Engine for processing and analysing vast data sets, and a digital twin framework to create and manage the AEAs. There is an Open Economic Framework (OEF) that acts as a decentralized marketplace for AEAs to interact with one another and exchange data.
How Is the Fetch.ai (FET) Price Determined?
Digital currency market trends as well as legislation relating both to cryptocurrency and artificial intelligence play an integral role in the price of FET. However other factors influencing the price include technological developments within the Fetch.ai ecosystem and machine learning, plus the rates of general crypto and Fetch.ai network adoptions.
What Is the FET Coin Price Prediction for 2030?
Predicting the price of FET for 2030 depends on numerous evolving factors in the blockchain and AI sectors. Binance is estimating a 2030 price of $0.90, while CoinMarketCap expects a price of $1.82 and CoinCodex predicts a FET price in 2030 of $1.88.
How Is the Fetch.ai Network Secured?
Fetch.ai uses blockchain technology to guarantee decentralization, along with multi-party cryptography and game theory to ensure secure consensus. The network also uses differential privacy to safeguard user data sets, providing an extra layer of security.
Where Can You Buy Fetch.ai?
Fetch.ai (FET) can be purchased on a broad selection of exchanges, including Binance, Bitfinex, and others. It’s available for trading against other cryptocurrencies, and potentially fiat currencies depending on the exchange in question.
How Can You Store Fetch.ai (FET)?
FET tokens can be stored in wallets that support ERC-20 tokens, as FET was initially released as an ERC-20 token on Ethereum. Both hardware (cold) and software (hot) wallets can be used, depending on your personal preferences.
FAQ
Is Fetch.ai a good investment?
The investment viability of Fetch.ai depends in part on the evolving landscape of AI and blockchain technology. The future appears promising as the Fetch.ai network is harnessing two revolutionary technologies with a large range of applications. However, caution is advised as the rapidly fluctuating crypto markets make any digital currency investment a risky proposition.
What is the future of Fetch coin?
The future of Fetch.ai hinges on its continued innovation in combining AI with blockchain and the adoption of its network for practical applications.
How much will Fetch be worth in 2025?
Predicting the exact value of Fetch.ai in 2025 is extremely difficult due to the uncertainty that characterises the crypto market. However, according to Binance FET will be worth $0.70 in 2025, while CoinMarketCap expects a price of $0.96 and CoinCodex predicts a FET price in 2025 of $1.57.
How many Fetch coins are there?
FET has a maximum supply of about 1.15 billion tokens.
Who are Fetch.ai’s competitors?
Fetch.ai operates in a unique niche at the intersection of AI and blockchain, but it may face competition from other blockchain platforms integrating AI technologies.
Is Fetch.ai built on Ethereum?
Originally, FET was an ERC-20 token on Ethereum, but Fetch.ai now operates on its own blockchain while maintaining some presence on Ethereum.
Is Fetch.ai a blockchain?
Yes, Fetch.ai has its own blockchain that supports its unique combination of AI and blockchain technologies.
Is Fetch.ai listed on Binance?
Yes, Fetch.ai (FET) is listed on multiple cryptocurrency exchanges, including Binance.
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