Introduction to Fetch.AI
Fetch.AI is an artificial intelligence (AI) lab founded in 2017 that launched via Binance IEO in March 2019. The project builds an open, permissionless decentralized machine learning network using cryptoeconomic principles. By creating a barrier-free platform, Fetch.AI democratizes access to AI technology, enabling anyone to utilize autonomous AI agents that leverage its global data network.
Key Innovation:
Fetch.AI uniquely combines:
- Machine learning
- Artificial intelligence
- Multi-agent systems
- Decentralized ledger technology
This fusion creates an "Economic Internet" - a digital ecosystem where representations of economic components (data, hardware, services, people, and infrastructure) can interact efficiently through smart introductions and predictive capabilities.
Core Team and Funding
Leadership
- Humayun Sheikh (CEO): Founder of Mettalex, uVue, and itzMe
- Toby Simpson (Former COO): Ex-CTO of Ososim Limited and software design lead at DeepMind
- Thomas Hain (Former Chief Scientist): Co-founder of Koemei
Investment History
| Date | Round | Amount | Lead Investor |
|---|---|---|---|
| June 2018 | Seed | $15M | Outlier Ventures |
| Mar-Sep 2018 | Private | $7.05M | N/A |
| Feb 2019 | Binance IEO | $6M | Binance |
| Mar 2021 | Strategic | $5M | GDA Capital |
| Mar 2023 | Investment | $40M | DWF Labs |
| Apr 2023 | Partnership | $10M | Bitget |
Community and Social Presence
👉 Join Fetch.AI's official Telegram
👉 Participate in their Discord community
- Twitter: @Fetch_ai
- Telegram: t.me/fetch_ai
- Discord: discord.gg/fetchai
FET Token Economics
Basic Info
- Symbol: FET
- Total Supply: 2,630,547,141
- Type: ERC-20
- Contract: 0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85
Allocation Schedule
| Recipient | % | Vesting Period |
|---|---|---|
| Team | 8.8% | 3mo lock + 3yr graduated release |
| Advisors | 4.4% | Immediate 5% + 3yr graduated |
| Private Sale | 5.1% | 3mo lock + linear release |
| Public Sale | 2.5% | 100% at TGE |
| Foundation | 8.8% | 48mo linear |
| Migration Pools | 56.1% | OCEAN/AGIX conversion |
Technical Resources
- Website: fetch.ai
- Whitepaper: fetch.ai/docs
Developer Tools:
- AgentVerse (deltav.agentverse.ai)
- uAgents GitHub
FAQ Section
What makes Fetch.AI unique?
Fetch.AI creates an economic internet where digital representatives of real-world assets/services can autonomously negotiate and transact using AI, distinguishing it from traditional blockchain projects.
How does FET token gain value?
Value accrues through: 1) Network usage fees, 2) Staking rewards, 3) AI agent service payments, and 4) Demand for data access on the platform.
What are Fetch.AI's main use cases?
Primary applications include: decentralized data markets, supply chain optimization, energy grid management, and DeFi prediction tools.
Is FET inflationary?
No. There are no token minting mechanisms after initial distribution. All circulating supply comes from unlocked allocations.
Where can I store FET tokens?
FET is an ERC-20 token compatible with any Ethereum wallet, though the project recommends their native Fetch Wallet for full functionality.
Market Performance Insights
While past performance doesn't guarantee future results, FET has demonstrated:
- All-Time High: $3.45
- Current Price: $0.69
- 24h Volume: $105K
- Market Cap Rank: #60
👉 Track FET's latest price movements
Remember: This content is for informational purposes only and doesn't constitute financial advice. Always conduct your own research before making investment decisions.