The cryptocurrency market has entered a new phase of momentum, with major digital assets regaining strength and investor sentiment turning optimistic. While AI-powered tokens had already gained traction earlier, the recent surge in Bitcoin's bullish movement—particularly toward the end of February—has reignited interest across decentralized finance (DeFi), memecoins, and especially artificial intelligence (AI) projects. Among these, Fetch.AI (FET) has emerged as a standout performer.
FET, alongside SingularityNET (AGIX), recorded price increases of approximately 18% to 20%, signaling strong market confidence. The latest bullish breakout pushed FET’s price to test the upper resistance of a rising wedge formation—a technically significant level often interpreted as a continuation signal if sustained. With the asset briefly touching $2 during early trading hours, marking a new all-time high (ATH), a short-term pullback or consolidation phase is expected as traders lock in profits.
Meanwhile, the Relative Strength Index (RSI) climbed above 86, indicating overbought conditions. While this suggests bulls may pause for recalibration, it also reflects intense buying pressure and sustained demand. As such, analysts anticipate FET to enter a phase of upward consolidation, potentially forming higher lows and setting the stage for fresh highs in the coming days.
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What Is Fetch.AI (FET) and How Does It Work?
Fetch.AI is a decentralized machine learning protocol built at the intersection of artificial intelligence, blockchain technology, and multi-agent systems. Founded in 2017 by Toby Simpson—a game developer and former software design lead at DeepMind—Humayun Sheikh, an early investor in DeepMind, and Dr. Thomas Hain, a renowned professor in machine learning, Fetch.AI aims to create an autonomous digital economy.
The project launched its native token, FET, on Binance in 2019, leveraging the Binance Smart Chain’s (BSC) speed and scalability to enable developers to build, deploy, and train autonomous economic agents (AEAs). These agents operate independently to execute tasks such as data discovery, predictive modeling, and transaction automation—all without human intervention.
Built on the Cosmos SDK, Fetch.AI supports cross-chain interoperability via the Inter-Blockchain Communication (IBC) protocol. This allows integration with major networks like Ethereum, Cosmos (ATOM), and Binance Smart Chain. The platform also employs a distributed ledger secured by a slot-based Proof-of-Stake (sPoS) consensus mechanism and a decentralized Random Beacon protocol, which enhances randomness and security in node selection.
At its core, Fetch.AI’s infrastructure is engineered to reduce computational costs, minimize storage requirements through machine learning optimizations, and support multi-signature operations efficiently.
Key Components of the Fetch.AI Ecosystem
Autonomous Economic Agents (AEAs)
Autonomous Economic Agents are digital entities that act on behalf of individuals, devices, or organizations. AEAs connect to the Fetch.AI ecosystem via hardware systems or data sources and generate value through data discovery and predictive analytics.
For example:
- Logistics companies can deploy AEAs to predict fuel consumption based on weather and traffic conditions.
- Ride-sharing platforms can use agents to dynamically adjust pricing or reroute drivers in real time.
- Smart homes can utilize AEAs to autonomously manage energy usage based on grid pricing and household behavior.
These agents operate within predefined parameters but continuously improve by analyzing past interactions and adapting through deep learning algorithms.
Open Economic Framework (OEF)
The Open Economic Framework serves as a dynamic simulation environment that maximizes AEA connectivity and interaction efficiency. AEAs connect to OEF via APIs to gather information about potential trading partners or service providers.
Node operators who facilitate these connections are rewarded with FET tokens for validating and maintaining network integrity. This incentivized model ensures scalability and reliability across decentralized markets.
Smart Ledgers
Fetch.AI uses a hybrid ledger system combining transaction chains with Directed Acyclic Graph (DAG) technology—an alternative distributed ledger model popularized by projects like IOTA and Hedera Hashgraph.
Transactions are grouped into chains and processed across multiple parallel streams, significantly increasing throughput. If network capacity becomes constrained, the system can scale horizontally through controlled forking, with parameters adjusted based on resource usage.
What Is the Purpose of FET Coin?
Fetch.AI was designed to solve real-world inefficiencies across industries by enabling automation through AI and blockchain synergy. Its applications span multiple sectors:
- Mobility & Transportation: FET powers autonomous travel agencies that eliminate intermediaries, reducing costs for both suppliers and consumers.
- Smart Cities: AEAs can locate and reserve available parking spots in real time, optimizing urban mobility.
- Supply Chain & Commodities: The platform enhances transparency in steel, metal, and raw material trading by enabling secure data access without compromising privacy.
- Healthcare: Through federated learning modules, hospitals can share patient data across networks to improve diagnostic accuracy—without exposing sensitive personal information.
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The Role of Artificial Intelligence and Machine Learning
AI and machine learning are foundational to Fetch.AI’s architecture. They power four critical trust layers:
- Transaction Normality Assessment: Determines whether an interaction follows expected patterns.
- Node Data Reliability: Evaluates trustworthiness of information received from other nodes.
- Counterparty Reputation: Assesses reliability based on historical interactions.
- Market & Data Intelligence: Enables adaptive decision-making using evolving market signals.
This multi-layered trust framework ensures secure, intelligent, and efficient operations within the ecosystem.
FET Token Utility
The FET token serves as the primary utility token within the Fetch.AI network:
- Agent Deployment: Developers must stake FET to launch an AEA on the network. This economic barrier prevents spam or malicious agent deployment.
- Service & Data Exchange: AEAs use FET for microtransactions when purchasing data or services from other agents—ideal for IoT environments requiring frequent low-value payments.
- Network Operations: While FET isn’t used directly for gas fees like Ethereum, it plays a crucial role in balancing transaction costs and maintaining economic equilibrium across the network.
Leadership Team
Fetch.AI is led by a highly experienced team:
- Humayun Sheikh – CEO and early investor in DeepMind; brings decades of AI expertise.
- Toby Simpson – CTO with over 10 years of leadership experience in tech firms, including roles at DeepMind.
- Dr. Thomas Hain – Co-founder and Chief Scientist; holds a PhD from Cambridge and is a professor at the University of Sheffield.
The executive team also includes leaders in research, software engineering, business development, and investor relations, supported by 10 developers, 11 researchers, and 5 administrative staff.
Tokenomics
FET is currently an ERC-20 token on Ethereum, meaning users incur Ethereum gas fees during transfers. However, after the mainnet migration, FET will transition to its native blockchain, eliminating dependency on Ethereum’s fee structure.
Total token supply: 1,152,997,575 FET
Distribution:
- Foundation: 19.99%
- Founders & Team: 19.99%
- Public ICO: 6%
- Private Sale: 6.38%
- Seed Sale: 5.24%
- Advisors: 10%
- Mining Rewards: 15%
- Future Releases: 17.4%
Historical Milestones
- Listed on eToro (January 2022)
- Launched browser wallet extension allowing ERC-20 token conversion (October 2021)
- Listed on Coinbase Pro (July 2021)
- Bosch partnered with Fetch.AI to test AI algorithms for machine failure detection (August 2021)
- FET stakers received MOBIX token airdrops for participation (Q4 2021)
Strategic Partnerships
Fetch.AI has formed key alliances to expand its ecosystem:
- Collaboration with OCP and OpenDAO to enable BSC-based token swaps
- Partnership with Algbra to bring DeFi services to underserved communities
- Integration with LiquidChefs for AI-powered supply chain solutions
- Sponsorship deal with esports team Immortals under “Team Fetch.ai”
- Integration with Indacoin for fiat-to-crypto purchases via Visa/Mastercard
Roadmap Highlights
Ecosystem Expansion
- Activate IBC governance proposals
- Enable FET presence on Cosmos Hub and Osmosis
- Launch hardware wallet support
- Facilitate token recovery from staking transitions
Collective Learning
- Launch CoLearn v1.0 marketplace
- Release decentralized data-sharing protocol (Dabba Flow)
- Integrate with IPFS for external data storage
- Develop prediction markets for CoLearn
BotSwap Enhancements
- Redesign web interface and dashboard
- Improve wallet analytics for DeFi strategy formulation
- Deploy DeFi agents on Cosmos-based DEXs
- Add support for automatic compounding rewards
Frequently Asked Questions (FAQ)
Q: What is Fetch.AI used for?
A: Fetch.AI enables autonomous economic agents to perform tasks like data analysis, predictive modeling, and automated transactions across industries such as transportation, energy, healthcare, and supply chain.
Q: Is FET a good long-term investment?
A: Given its strong technical foundation, experienced team, real-world use cases, and growing partnerships, many analysts view FET as a promising long-term play in the AI-blockchain convergence space.
Q: Where can I buy FET coin?
A: FET is available on major exchanges including Binance, Coinbase Pro, eToro, and OKX.
Q: How does Fetch.AI use artificial intelligence?
A: AI powers Autonomous Economic Agents (AEAs) that learn from data, make decisions, and interact with other agents to optimize outcomes—such as finding parking spots or predicting market trends.
Q: Will FET move from ERC-20 to its own chain?
A: Yes. After mainnet launch, FET will transition from an ERC-20 token to a native token on the Fetch.AI blockchain, improving scalability and reducing reliance on Ethereum fees.
Q: Can I stake FET tokens?
A: Yes. Staking allows users to participate in network validation and earn rewards while contributing to platform security.
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