#Fet coin price prediction software

spiking take-up) would bode well for FET which generally enables the development of and access to a broad range of machine learning and artificial intelligence tasks that are available on the ledger, according to Messari. If the network gains traction, such a scenario (e.g. As the team meets milestones and attracts new partners, exchanges could see a spike in demand among buyers.įET tokens were designed to serve several functions, including facilitating transactions on the network, similar to 'gas' on Ethereum connecting agents and nodes to the network and as a means for exchanging value on the network. Much of the early hype surrounding the future of the project has faded. Originally an ERC-20, the digital asset runs the network. Of that, about half are currently in circulation. Per CoinGecko data, FET has a total supply of 1.2 billion. FET’s all-time high of $1.18 was reached in September 2021. The mainnet went live in 2020. It climbed from less than $0.10 to more than $1. It raised $6 million nearly instantaneously. The project carried out a public token sale in March 2019 via Binance Launchpad. This UK-based AI-meets-blockchain startup was launched in early 2017.įounders include Humayun Sheikh, a founding investor in AI pioneer DeepMind, and Toby Simpson, a developer at DeepMind. When was FET created and how much was it worth? The Fetch.ai framework aims to support billions of IoT devices to facilitate seamless communication in an automated and secure manner, researchers added.įetch.ai autonomous agents conduct searches, swap knowledge sets and share predictions, opening the door to a slew of use cases.Įarlier this year, Fetch.ai announced a partnership with Unicred, a DeFi and NFT monetization protocol. 'These autonomous agents work to provide an optimized service across a variety of ecosystems, benefitting both suppliers and consumers,' Messari said.

#Fet coin price prediction software

On the Fetch.ai network, per Messari, a series of software agents represent and act on behalf of their owners. It’s used for a variety of functions, including as a means of paying the agents who perform the tasks involved with 'bringing AI to the crypto economy,' as CoinGecko said. Put simply, this is an automated data swapping project.įetch.ai aims to replace centralized systems swapping data and intermediating aspects of daily life (for example, booking a hotel).įET is the native asset. Fetch.ai combines AI and blockchain to establish a network of autonomous economic agents who can perform various data-related tasks for their users, as CryptoNews explained, 'reducing the data acquisition monopoly of the large market players.'