Want to jump straight to the answer? You can buy FET on Coinbase.
In the past several years, artificial intelligence (AI) and machine learning have been in high demand. Tons of companies and businesses are looking for ways to automate tasks and solve problems. Fetch.ai is a project looking to bring AI and machine learning to the crypto sphere. The team is looking to use these valuable skills to create a more connected and adaptable ecosystem.
What Is Fetch.ai (FET)?
Fetch.ai is a project that operates on the Binance Launchpad. It uses Binance’s smart contract capabilities to provide artificial intelligence to its users. Its AI acts on behalf of the user and has the ability for wide-scale usage.
The project can allow users to have AI act for them. The highly adaptable project is looking to offer services in a variety of sectors, from checking the status of flights to optimizing supply chains.
The project hopes to collect data using the Internet of things (IoT). Data can often be expensive to obtain, so the project seeks alternative ways to access it. For example, if the program needs to provide data on current weather, it may connect to a user’s vehicle and obtain the data for free. This data can then be sold to others.
Fetch.ai’s native token, FET, is an ERC-20 token based on the Ethereum blockchain. It is a utility token that powers the project. For example, the token can be used to purchase AI agents, or data can be sold for FET tokens.
Brief History of Fetch.ai (FET)
Fetch.ai was launched in early 2017 by British software engineers Toby Simpson, Humayun Sheikh and Thomas Hain. All 3 are well established in the AI and machine learning community, creating several startups and worldwide projects. Most notably, Toby Simpson was a part of the team that created AlphaGo, a machine-learning algorithm that was the focal point of the 2017 documentary of the same name.
The token launched via an initial exchange…
