Fetch.ai is pioneering a groundbreaking convergence of blockchain technology, artificial intelligence (AI), and machine learning. This open-source project focuses on building autonomous AI agents capable of complex tasks, eliminating reliance on intermediaries. Fetch.ai aims to revolutionize industries like healthcare and finance with its decentralized, tailored AI agent system.
Table Content:
- How Fetch.ai Works
- The Fetch.ai Blockchain (Fetch Network)
- The Microagent Framework
- Fetch.ai Products: DeltaV and Fetch Wallet
- FET Token: The Fuel of the Fetch.ai Ecosystem
- FET Token Information
- FET Token Allocation and Release Schedule
- FET Token Sales and Use Cases
- Fetch.ai Team, Investors, and Partners
- Team
- Investors and Funding Rounds
- Similar Projects
The Fetch.ai homepage
How Fetch.ai Works
The Fetch.ai ecosystem comprises two core components: the Fetch.ai blockchain and the microagent framework. The blockchain serves as the foundational infrastructure, while the microagent framework empowers developers to create and manage AI agents.
The Fetch.ai Blockchain (Fetch Network)
Built using the Cosmos SDK and employing the Tendermint consensus mechanism, the Fetch Network is a Layer-1 blockchain. It facilitates seamless interaction between agents, Agentverses, and the AI Engine, forming the backbone of the Fetch.ai ecosystem.
Key elements of the Fetch Network include:
- Almanac Contract: A comprehensive registry recording all AI agent activities and information, enabling transparent performance monitoring.
- Fetch Name Service: A user-friendly domain name system for AI agents, simplifying identification and interaction.
- Fetch Ledger: A distributed ledger meticulously documenting all network transactions and interactions.
- FET Token: The native utility token powering the Fetch.ai economy.
The Microagent Framework
This framework consists of three primary components:
- Agents: AI-powered programs capable of autonomously executing specialized tasks such as content creation, expense management, and ticket booking. The project’s DeltaV product leverages these capabilities for tasks like text generation, reasoning, and problem-solving. Fetch.ai utilizes the uAgents development toolkit, an open-source library providing essential tools and protocols for agent development and management.
- Agentverse: A platform enabling users to access, utilize, and train AI agents for specific tasks. It also serves as a collaborative hub for developers to share their agents and foster innovation.
- AI Engine: This system translates user requests into actionable tasks for AI agents, enabling them to comprehend, analyze, and deliver accurate results.
AI agents in Fetch.ai can connect to form a multi-agent network
The AI Engine translates user input into a language understandable by AI agents.
Fetch.ai Products: DeltaV and Fetch Wallet
Fetch.ai currently offers two primary products:
- DeltaV: This flagship product provides a user-friendly interface for interacting with AI agents. Similar to chatbots like ChatGPT and Gemini, DeltaV allows users to input commands that are processed by the AI Engine and executed by the appropriate agents.
- Fetch Wallet: A cryptocurrency wallet supporting the storage, sending, receiving, and exchange of digital assets. Available on iOS, Android, and as browser extensions for Google Chrome and Firefox.
The DeltaV interface
FET Token: The Fuel of the Fetch.ai Ecosystem
FET Token Information
- Name: Fetch.ai
- Ticker: FET
- Token Standard: ERC-20
- Blockchains: Ethereum, BNB Chain, Osmosis
- Smart Contracts:
- Ethereum: 0xaea46a60368a7bd060eec7df8cba43b7ef41ad85
- BNB Chain: 0x031b41e504677879370e9dbcf937283a8691fa7f
- Osmosis: ibc/5D1F516200EE8C6B2354102143B78A2DEDA25EDE771AC0F8DC3C1837C8FD4447
- Token Type: Utility & Governance
- Total Supply: 2,630,547,141 FET
FET Token Allocation and Release Schedule
FET token allocation
FET token release schedule
FET Token Sales and Use Cases
FET token sale rounds
FET is utilized for:
- Governance: Participating in ecosystem governance decisions.
- Staking Rewards: Earning rewards for securing the network.
- Network Fees: Paying for transactions and operations.
- Incentives: Rewarding developers and contributors.
Fetch.ai Team, Investors, and Partners
Team
Key members include:
- Humayun Sheikh: Co-founder & CEO, also an investor in DeepMind and Founder & CEO of uVue & itzMe.
- Thomas Hain: Co-founder & CSO, also a professor at the University of Sheffield.
The Fetch.ai team
Investors and Funding Rounds
Fetch.ai has raised $70 million in funding. Notable investors include Bitget and DWF Labs.
Fetch.ai funding rounds
Similar Projects
Comparable projects exploring decentralized AI and computation include:
- Gradient Network: A decentralized computation network on Solana, enabling access to resources for AI development.
- Nodepay: A decentralized resource-sharing platform rewarding users for contributing computational power.
