Fetch.ai Coin is a project launched in March 2018 by a team in Cambridge, England, and is the native cryptocurrency of the Fetch.ai platform. Fetch.ai aims to accelerate research and be a pioneer in the use of new technologies such as blockchain and AI.
The solutions offered by Fetch.ai are designed for individuals, organizations, and the Internet of Things (IoT). The project has created an Open Economic Framework (OEF), which is a decentralized search and value exchange platform for various autonomous economic agents. Supported by a ledger that claims to support 30,000 transactions per second, the system aims to meet the demands of the next generation of connected devices.
Fetch.ai (FET) is the key to accessing the Fetch ecosystem. According to the platform, finding, creating, distributing, and training autonomous economic spaces is of vital importance and the smart contracts, oracles, and transactions required to present the new digital economy are essential.
According to the platform, there are three main uses for the FET token: creating and connecting agents on the network, training representatives, and contributing to oracles and trust services. These can be carried out using FET tokens.
Fetch.ai is also creating tools and infrastructure that will provide a decentralized digital economy based on secure sharing, connection, and transactions of global data. The Fetch.ai network, based on open-source technology, provides secure access to the power of artificial intelligence to perform complex coordination tasks in the modern economy worldwide.