Artificial Superintelligence Alliance /FET

What is the Artificial Superintelligence Alliance(ASI) (FET)?

The Artificial Superintelligence Alliance, with its Native currency, ASI coin, is a blockchain-powered alliance that combines Fetch.ai(FET), SingularityNET(AGIX), and Ocean Protocol(OCEAN). These projects emphasized decentralized artificial intelligence, high-end machine learning, and safe data exchange; they built an ecosystem for cross-platform AI solutions that foster interoperability and innovation while decentralizing.

With the creation of the ASI Coin, the alliance provides tokenomics in the simplified vision of integrating AI and blockchain technologies.

The  Artificial Superintelligence Alliance Merger : Switching to ASI from FET

Phase 1:

Ocean Protocol (OCEAN), SingularityNET (AGIX), and Fetch.ai (FET) have merged, marking a major step toward the unification of blockchain ecosystems powered by AI under the auspices of the Artificial Superintelligence Alliance (ASI). A component of this change:

• Rebranding: Major exchanges and other significant platforms have adopted the Artificial Superintelligence Alliance (FET) name for the project. This change is reflected in the revised project name and logos.

• Token Integration: The Fetch.ai (FET) token currently represents the newly unified ASI ecosystem after the native tokens of SingularityNET (AGIX) and Ocean Protocol (OCEAN) were momentarily combined.

• FET Trading Continuity: The FET token's markets continue to run smoothly. The FET ticker is still used for trading under the ASI ecosystem, keeping investors and present holders accessible.

Phase Two:

• The current step entails a 1:1 conversion of FET tokens into ASI tokens.

• implementation of improved features including compatibility with Ethereum Virtual Machines (EVMs).

• Wallet, exchange, and DeFi platform updates to implement ASI.

What is Fetch.ai and what makes it unique?

Fetch.ai (FET) Crypto is a layer 1 proof of Stake(POS)blockchain platform that brings artificial intelligence closer to decentralized technology. 

What makes Fetch.ai unique is that it provides an interface that enables the use of Autonomous Economic Agents (AEAs) or intelligent "digital twins". These agents optimize processes, automate interaction, and share data effectively. Based on the Cosmos SDK, Fetch uses Inter-Blockchain Communication (IBC) integration to allow seamless interaction between blockchains.

Purpose of the Fetch.ai coin

The native, FET coin, is used to power the different systems of the Fetch.ai ecosystem in the following ways:

• Staking for securing the network and rewarding members

• Governance decisions

• Payments for deploying digital twins, accessing services, and executing contracts

• Communication and value exchange between agents

• Covering operational costs, such as gas fees.

Use Cases of Fetch.ai(FET)

The innovative structure of Fetch.ai permits practicable implementations in various sectors of activity such as :

• Smart Cities: for the optimization of energy, traffic, and resources.

• Defi: tools like Botswap. phi for liquidity management and arbitrage.

• Logistics: the automation of data for superior supply chain efficiencies.

• Tourism: exploring and making reservations with AI.

• Energy: Decentralized trading and pricing optimization in energy.

• Metaverse: Devising decentralized interactions driven by AI.

• Collaborative Learning: Training AI models without compromising the security of data privacy.
  

How does Fetch.ai Work?

Fetch.ai takes full advantage of its native token, FET, for the creation, deployment, and operation of digital twins, The autonomous agents are capable of executing tasks, sharing data, and collaborating on the platform.

 

Purpose of FET:

• Users access utilities for machine learning to build such agents.

• Digital twins are deployed and trained by users using FET.

• Users staking FET: Validation nodes are provided to ensure network security and reputation against nodes attacking the network.

Technology behind Fetch.ai(FET):

• Digital Twin Framework: Modular tools for building skills, intelligence, and marketplaces around digital twins.

• Open Economic Framework: Search and discovery for these agents are enabled.

• Digital Twin Metropolis: Smart contracts on a WASM-based virtual machine to record immutable agreements.

• Fetch.ai Blockchain: Brings together multi-party cryptography and game theory for a secure, censorship-resistant consensus and speedy syncing.

Core Components: 

• Learner Nodes: Participants train individual machine-learning models with private datasets. 

• Global Market: AI models trained from the collective learning of the learner. 

• Smart Contracts: Support of coordination and governance securely and transparently. 

• Decentralized Data layer: Utilizes the IPFS for sharing machine-learning weights across participants. 

Fetch.ai is a blockchain, AI, and machine learning project that integrates these in a decentralized and scalable environment for autonomous systems, serving industries such as DeFi, logistics, and energy.

Fetch.ai Token history and Key events?

Founded in 2017, Fetch.ai secured $15 million in seed funding in June 2018 from prominent investors such as Outlier Ventures and Blockwall Management. In February 2019, the platform raised $6 million through an Initial Exchange Offering (IEO) on Binance Launchpad, which helped it acquire even more popularity. GDA Group led an additional $5 million in institutional investment in Fetch.ai by March 2021.

Fetch.ai and Binance worked together to recover $2.6 million in assets that hackers had taken from Fetch.ai's Binance trading account, marking a significant cybersecurity event. The platform's dedication to security and openness was demonstrated in August 2021 when the Royal Courts of Justice in London ordered Binance to track down the criminals and confiscate the stolen money.

As of 2024, Fetch.ai has a total supply of 2.7B FET Tokens and a Circulating Supply is around 2.4B

The All-Time High was recorded on March 28, 2024, with a price point of $3.47 and the All-Time Low was recorded on March 13, 2020, with a price point of $0.0082. 

Fetch.ai's  History

Fetch.ai is an artificial intelligence (AI) lab located in Cambridge that was established in 2017  by its current CEO(as of 2024) Humayun Sheikh to create decentralized machine-learning solutions for blockchain networks. In March 2019, the platform was made available to the general public via an Initial Exchange Offering (IEO) on Binance. An important project milestone was reached in January 2020 with the launch of the Fetch.ai mainnet.

Where can i Buy Fetch.ai(FET)?

Fetch.ai is featured on numerous exchange platforms as of 2024, with Binance and Coinbase Exchange being the most popular for FET trading.

Most of the platforms that offer Fetch.ai are centralized exchanges (CEX), including Gate.io, Binance, KuCoin, Kraken, Bitfinex, and Bitstamp. A few DEX platforms, like Uniswap, allow trading as well.

Coinbase Exchange, Kraken, Binance.US, and Bitfinex are among the exchanges accessible to US markets.

Typical Fetch.ai exchange pairs include FET/USDT, FET/USD, FET/BTC, FET/ETH, and FET/EUR 

Top Fetch.ai wallets 

Users can safely engage with Web3 services and apps with the “ASI Wallet”, an official non-custodial wallet made to serve the Fetch.ai ecosystem. Other wallets that support the ASI/FET  Token include: 

• Trust Wallet

• MetaMask

• Ledger

• imToken

• Torus

• Coinbase

• TokenPocket

• iToken Wallet