It’s also the medium of exchange used to pay for services provided by Fetch.ai applications.ĭevelopers have built and trialed several solutions using Fetch.ai’s platform that take advantage of the autonomous AI agent technology. That allows them to collaborate, process and negotiate all of their interactions and requires no human interaction.Īny resulting agreements between agents are recorded to the Fetch.ai blockchain using its native token, FET. Fetch.ai’s agents operate independently and interact with each other across an immutable, distributed blockchain ledger to store and access their data. The vision of the company is to provide a framework for developers to build applications capable of connecting digital and real-life economies rapidly to can enable automation over decentralized networks that use data in novel ways.Īt the core of that is AI agents that act on the behalf of humans, organizations or machines across networks and can execute business logic. It uses artificial and machine intelligence to handle things such as booking hotel rooms, hailing rides and finding parking spaces in the most efficient manner possible. Using Fetch.ai’s platform, developers can build and deploy peer-to-peer applications that can act autonomously on the behalf of users. which is building decentralized networks for smart infrastructure and AI-powered peer-to-peer applications, today announced it has raised $40 million in a round led by DWF Labs.

Cambridge, U.K.-based artificial intelligence lab Fetch.ai Ltd.

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