Fetch.ai (FET)
Latest articles and news for Fetch.ai.
Coin Details
Founder
Humayun Sheikh (CEO & Founder), Toby Simpson (Co-Founder & former COO, Head of Software Design at DeepMind), and Thomas Hain (Co-Founder & former CSO, Professor in AI at the University of Sheffield).
Purpose
To build a decentralized machine learning network for autonomous AI agents. Following its June 2024 merger with SingularityNET (AGIX) and Ocean Protocol (OCEAN), it formed the Artificial Superintelligence (ASI) Alliance, aiming to create a powerful, open, and decentralized AI ecosystem.
Supply
After the merger, the new ASI token has a total supply of 2.63 billion. FET tokens were converted to ASI at a 1:1 ratio, with new tokens minted for AGIX and OCEAN holders. The circulating supply is approximately 2.52 billion.
Future
The future is focused on realizing the vision of the ASI Alliance, which involves creating a unified decentralized AI infrastructure. This includes advancing AGI (Artificial General Intelligence) research and deploying large-scale AI applications on a decentralized network.
Opportunity
The ASI merger creates a powerhouse in the decentralized AI space, combining Fetch.ai's agents, SingularityNET's AI marketplace, and Ocean Protocol's data sharing. This offers a major opportunity for developers and investors betting on a decentralized alternative to Big Tech's dominance in AI.
Price History (USD)
Yearly High/Low Prices
All-time high and low prices for each year in USD.
FET reached its all-time high of $3.46 in March 2024 and its all-time low of $0.0078 in March 2020.
Listed On
Articles
ASI Alliance: A New Era for Decentralized AI
Crypto Insights - 2024-07-20
The historic merger of Fetch.ai, SingularityNET, and Ocean Protocol into the Artificial Superintelligence (ASI) Alliance is poised to redefine the future of AI.
In a landmark move for the decentralized AI sector, Fetch.ai, SingularityNET, and Ocean Protocol have officially merged to form the Artificial Superintelligence (ASI) Alliance. This strategic consolidation unites three leading projects to create a powerful, open, and decentralized alternative to the AI development currently dominated by large corporations. The alliance's vision is to accelerate the development of beneficial AGI (Artificial General Intelligence) on a decentralized infrastructure, ensuring that the power of superintelligence remains open, democratic, and accessible to all. The native tokens of each protocol (FET, AGIX, OCEAN) have been consolidated into a single ASI token, unifying the ecosystem's economy and positioning the alliance as a formidable force in the race to build the future of AI.