Established in 2017 and introduced through an Initial Exchange Offering (IEO) on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) laboratory dedicated to creating an open, permissionless, decentralized machine learning network supported by a crypto economy. Fetch.ai facilitates democratized access to AI technology via a permissionless network, enabling anyone to connect and access secure datasets by utilizing autonomous AI to execute tasks that capitalize on its global data network. The Fetch.AI framework is centered on use cases such as optimizing decentralized finance (DeFi) trading services, transportation networks (including parking and micromobility), smart energy grids, and travel—essentially, any intricate digital system reliant on large-scale datasets.

Fetch.ai was established by Toby Simpson, Humayun Sheikh, and Thomas Hain. Humayun Sheikh serves as the current CEO of Fetch.ai. He is also the CEO and founder of Mettalex, and the founder of uVue and itzMe. Toby Simpson, formerly the COO of Fetch.ai, is now an Advisory Board member. He previously held the position of CTO at Ososim Limited and was the Head of Software Design at DeepMind. Thomas Hain was the Chief Science Officer at Fetch.ai. Prior to this, he co-founded and directed Koemei.

Fetch.ai's utility token, FET, is engineered to facilitate the creation, deployment, and training of digital twins, serving as a crucial component for smart contracts and oracles on the platform. Utilizing FET, users can develop and deploy their own digital twins across the network. Developers who pay with FET tokens gain access to machine-learning-based tools designed to train autonomous digital twins and implement collective intelligence within the network. Staking FET tokens also activates validation nodes, enhancing network validation and reputation in the process. The Fetch.ai technology stack is comprised of four distinct elements: 1. **The Digital Twin Framework** - Offers modular components that assist teams in building marketplaces, skills, and intelligence to connect digital twins. 2. **The Open Economic Framework** - Provides search and discovery functionalities to digital twins. 3. **The Digital Twin Metropolis** - A collection of smart contracts operating on a WebAssembly (WASM) virtual machine, maintaining an immutable record of agreements between digital twins. 4. **The Fetch.ai Blockchain** - Integrates multi-party cryptography and game theory to ensure secure, censorship-resistant consensus and rapid chain-syncing in support of digital twin applications. Among the platform’s core components, each participant acts as a learner in an experiment, representing a unique private dataset and machine learning system. The global market is the outcome of a collective learning experiment, where the machine learning model is collaboratively trained by the learners. The Fetch.ai Blockchain supports smart contracts that allow for secure and auditable coordination and governance. Lastly, a decentralized data layer based on IPFS facilitates the sharing of machine learning weights among all participating learners.

Fetch.ai (FET) has a circulating supply of 746,113,681 tokens as of February 2021, with a maximum supply of 1,152,997,575 FET, according to Eulerpool.

Utilizing blockchain technology, the Artificial Superintelligence Alliance network is fully decentralized. To enhance security, differential privacy is implemented, preventing the exposure of users' private data sets during update generation. Fetch.ai’s blockchain integrates multi-party cryptography with game theory, ensuring a secure, censorship-resistant consensus mechanism.

If you are interested in buying, selling, or trading Fetch.ai (FET), you can do so on the following exchanges: - Binance - BiKi - BiONE - BitAsset - HitBTC If you are not familiar with the process of purchasing cryptocurrency, you can refer to our guide on how to buy Bitcoin.

The public beta for Resonate, a blockchain-based social platform developed on Fetch.ai and tailored for NFT trust-centric social sharing and connections, is now live. To participate, users are required to install the Fetch browser wallet, create an account, and select "Capricorn," the testnet. Additionally, users must obtain testfet tokens, which can be acquired from the Resonate team on Telegram. Further information can be found on the Resonate.social Telegram channel.

In June 2018, the Fetch.ai team successfully raised $15 million in a seed funding round, receiving investments from prominent entities such as Blockwall Management and Outlier Ventures. A few months later, in February 2019, the company raised an additional $6 million through an Initial Exchange Offering (IEO) on the Binance Launchpad. In March 2021, Fetch.ai secured another $5 million in institutional investment, led by the Toronto-based digital asset firm, GDA Group. While it is a common misconception that crypto assets and transactions are entirely anonymous, Fetch.ai, in collaboration with Binance, was able to track and freeze $2.6 million worth of assets allegedly stolen from its Binance trading account by hackers. In August 2021, the Royal Courts of Justice in London mandated Binance to identify the hackers and recover the stolen assets. Eulerpool provides detailed financial information and analytics on Fetch.ai and other cryptocurrencies.