The project behind Fetch.ai has set out to democratise access to AI technology based on a decentralised, permissionless, open machine-learning network. The Fetch.ai project is looking to enable users to utilise autonomous AI for executing any kind of task or disrupting any complex digital system relying on large-scale data sets by leveraging the project’s global network of data. Some use cases include transportation networks, DeFi trading services, smart energy grids and travel. The Fetch.ai project’s utility token is FET, an essential component of oracles and smart contracts on the platform which can be utilised to create, find, train and deploy digital twins (virtual representations of physical objects) for payments as well as staking for validation purposes.
Fetch.ai market stats
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