Artificial Superintelligence Alliance Price | FET Live Chart and Price Index

What is Fetch.ai (FET)?

Fetch.ai is a blockchain on decentralized machine learning to develop a decentralized digital economy. It was running autonomous software agents that do everything from just fetching data to complex decisions autonomously. In the process, the platform optimizes processes to make decentralized networks for use cases such as supply chain management, transfer, and energy work more efficient.

What Problem Does Fetch.ai (FET) Solve?

Fetch.ai has a multi-faceted solution to several critical issues: Inefficiency in Processes: Most traditional systems suffer from inherent inefficiencies- centralized control, no automation, etc. Autonomous agents of Fetch.ai make the processes more efficient. Data Monetization: The Decentralized data exchange of Fetch.ai lets people and businesses monetize their data without compromising their privacy. Resource Allocation: Fetch.ai helps minimize resource wastage and increase efficiency in different industries by allocating the resources optimally.

Why Does the Cryptocurrency Market Need Fetch.ai (FET)?

Innovation by Fetch ai quickly benefits the Crypto market by: Scalability: It tends to provide scalable solutions for complex tasks industries in industries so that more usability of blockchain technology. Interoperability: It is designed to have seamless integrations with other blockchain networks and traditional IT systems to create a more integrated digital economy. Decentralization: Fetch.ai, by eliminating the middle man, is more decentralized and thus more secure at a lower cost.

History of Fetch.ai (FET)

Fetch.ai was formed in 2017 by Humayun Sheikh, Toby Simpson, and Thomas Hain as the co-founders. The platform launched its main net in 2019 and, since then, has been involved in many partnerships and projects regarding the growth of its ecosystem. That has also raised millions in various rounds, including $40 million in 2023, for further developing its decentralized machine learning capabilities (CoinDesk).

Who Created Fetch.ai (FET)?

Fetch.ai was created by a team led by Humayun Sheikh, Toby Simpson, and Thomas Hain. The chief executive officer, Humayun Sheikh- Ph.D. in AI and blockchain technology, among other things, was a DeepMind alumnus- Toby Simpson is the chief operation officer. Toby was also one of the founders of DeepMind. Thomas Hain is the company's chief scientific officer; he is a professor of computer science in machine learning/AI.

What Technology Does Fetch.ai (FET) Use and How Does it Work? Fetch.ai uses the technology of fusing blockchain and artificial intelligence:

Multi-Agent Systems: The autonomous agents work on the Fetch.ai network, make decisions, and do their jobs because of machine learning algorithms. Blockchain: The platform follows blockchain technology to guarantee total freedom from technology and decentralization. Smart Contracts: Fetch.ai uses intelligent contracts to endow the process of agreements and transactions between the agents with autonomy without any brokers in their way.

What Affects Fetch.ai (FET) Price?

There are quite a few factors that I may want to consider for the price of Fetch.ai. These include: Market Sentiment: News, developments, and general sentiment on the broader cryptocurrency market, significantly influencing FET's price. Technological Advancements: Improvements and partnerships about Fetch.ai can significantly raise its demand. Regulatory Environment: Any change in the regulation of Cryptocurrencies, as has happened many times, may alter investor confidence and market dynamics. How Many Fetch.ai (FET) Tokens are in Circulation? There are 2,52 billion FET tokens in circulation.

What is the Maximum Supply of Fetch.ai (FET)?

The maximum supply of Fetch.ai tokens is pegged at 2.63 billion.

What is Fetch.ai (FET) Utility?

There are three main uses of Fetch.ai: Transaction Fees: FET is required to access the fees related to any transaction in the case of Fetch.ai usage. Staking: It allows participants to stake FET and vote for deciding management actions; thereby, an earning is produced. Agent Operations: Autonomous Agents use FET to execute the work and communicate with the network.

Tokenomics of Fetch.ai (FET)

Here are some of the basic tokenomics of Fetch.ai: Staking and Rewards: Those token holders stake their FET for receiving rewards and governance. Incentives: Developers and users reduce costs to develop and use applications within Fetch.ai. Supply Dynamics: It makes an incentive.

What are Fetch.ai's All-Time High and All-Time Low?

Fetch.ai reached an all-time high of $3.45 on Mar 28, 2024; its all-time low was about $0.00817 on Mar 13, 2020.

Where to Buy Fetch.ai (FET)?

You can buy Fetch.ai - FET on several essential cryptocurrency exchanges, like: Binance Coinbase Kraken Huobi Bitfinex Those above exchanges have trading pairs with FET. Thus, they have some liquidity for this cryptocurrency.

Who Were the Early Investors in Fetch.ai (FET)?

Its early investors include venture capital firms and institutional investors such as Outlier Ventures and GDA Group, among others. Recent significant investments consist of a $150 million development fund by MXC Global and Bybit.

What Is Fetch.ai's Revenue Stream (FET)?

Fetch.ai's revenue stream is: Transaction Fees: This is where an amount is charged for all the transactions processed within Fetch.ai's network. Staking Rewards: Awarded to the FET holders who stake their tokens, thereby helping maintain security on the network. Partnerships and Collaborations: Income Fetch.ai generates from its partnerships with other blockchain projects and firms that use tech Fetch.ai develops.

Nvidia's latest earnings report has sent shockwaves through the AI crypto sector. The chip giant posted impressive numbers. But it wasn't enough to satisfy investors' lofty expectations. Major AI-related cryptocurrencies took a nosedive following the release. Artificial Superintelligence Alliance (FET) plummeted 7.8% to $1.1663. Bittensor (TAO) dropped 4.5% to $295.22. Render (RNDR) slid 6.8% to $5.47. Nvidia reported a whopping $30 billion in revenue for Q2 2024. This marked a 15% jump from the previous quarter. It also beat Wall Street estimates by $1.32 billion. But apparently, that wasn't good enough. Market commentator Lisa Abramowicz summed it up on X: "Better-than-expected doesn't cut it for Nvidia. Evidently, investors expect this company to blow away expectations." Some analysts had predicted Nvidia would smash estimates by at least 10%. Talk about high hopes. Nvidia's stock price felt the heat too. It closed at $125.61 on August 28. In after-hours trading, it tumbled another 6.89% to $116.95. This isn't the first time AI crypto tokens have been tied to Nvidia's performance. It's become a bit of a pattern. Some crypto folks saw it coming. One X user named "Shogun" called it days before: "You might catch gains being long until a day before, but I'd bet you're better off shorting for the dump after." Nvidia's chips are the backbone of AI model training and deployment. After its Q1 earnings in May, AI crypto tokens took a similar hit. This was despite Nvidia's Q1 revenue jumping 18% from the previous quarter. Bloomberg's Ed Ludlow weighed in: "The very lofty estimates were very lofty indeed." But he's not all doom and gloom. "The story is still intact. There is no demand issue here. Basically, the cloud computing providers, the hyperscalers we call them, that run datacenters, continue to spend on Nvidia's product." This latest drama comes on the heels of a wild ride for AI and big data crypto projects. Their market cap surged by 79.7% in just three weeks after "Crypto Black Monday" on August 5. That day saw Bitcoin dip below $50,000 for the first time since February. AI crypto's total market cap had hit a yearly low of $18.21 billion around that time. Talk about a rollercoaster.