Fetch.ai (FET)

Fetch.ai (FET) is a cryptocurrency token and the native asset of a blockchain-based open-source, multi-agent framework built to facilitate ,machine-to-machine communication and coordination. Fetch.ai is projected to provide the technology and infrastructure required to enable the autonomous economic agent concept on competing blockchain networks like Ethereum and EOS. Fetch.ai was co-founded by Humayun Sheikh and Toby Simpson in 2017. It is based in Cambridge, UK and is supported by a team of scientists, researchers, engineers and other professionals from the Artificial Intelligence and Machine Learning background. What makes Fetch.AI unique is that it is a distributed ledger technology that allows self-executing smart contracts which operate autonomously and support economic activity between machines. These autonomous agents can be used to trade data, services and digital assets. They can also be used to detect and prevent fraud, manage scarcity and optimize resources such as energy or bandwidth. Fetch.AI is used to facilitate transactions between autonomous agents such as machines, sub-components and software services in an environment known as an "autonomous economic agent" (AEA). These autonomous agents can leverage each other's capabilities to complete tasks, enabling efficient interactions between agents and creating vast markets of digital assets. Fetch.AI is currently available on several major cryptocurrency exchanges, including Binance, Huobi Global and Bit-Z. It can also be bought and sold with major fiat currencies such as USD or EUR at ATAIX. To sum up, Fetch.AI is a blockchain-based open-source, multi-agent framework that enables Autonomous Economic Agents (AEAs) to interact with each other to facilitate the exchange of data, services and digital assets. Fetch.AI is available on most major exchanges and can be bought with major fiat currencies.