Fetch.ai is a blockchain ecosystem that utilizes AI and automation to provide open-source software tools and a decentralized network for building modern, peer-to-peer applications, as well as tools for interacting with the chain directly.
The project was introduced in 2017 and was launched in 2019 after having a public crowdfunding on Binance Launchpad.
Fetch.ai is created using a type of AI called Multi-Agent Systems. This type of AI requires multiple agents to work together instead of having just one developer make everything. Each agent might be owned by someone different, but they have to find ways to work together. This helps create a more cooperative and fair ecosystem that is especially befitting decentralization and may help everyone involved.
Fetch.ai wants to make things even better by giving rewards in FET tokens to those who contribute to improve their products and operations.
FET is the token that serves as a medium of exchange in Fetch.ai. FET does not have a hard cap on the total supply, and its circulation supply is 818,912,300.
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