Fetch.ai is a blockchain platform that aims to bring the benefits of artificial intelligence and machine learning to the world of decentralized finance (DeFi) and the Internet of Things (IoT). The project focuses on creating an open-access, tokenized, decentralized machine learning network to enable smart infrastructure built around a decentralized digital economy. The Fetch.ai network is designed to connect IoT devices and algorithms to enable their collective learning. It is built on a high-throughput sharded ledger and offers smart contract capabilities that are optimized for AI and machine learning operations. The native token of the Fetch.ai ecosystem, FET, is used as the primary medium for transactions and contracts within the platform. It is also used to incentivize participants who contribute to the network by providing computational power or services. Fetch.ai leverages autonomous agents that can perform tasks such as data sharing, data processing, and transactions without human intervention. These agents can represent themselves, devices, services, or individuals, and can complete tasks autonomously to deliver economic value. The project aims to create a decentralized digital world where a network of economic agents can perform proactive economic activity. This includes tasks like delivering data or providing services in return for FET tokens, with minimal human input. Fetch.ai's vision extends beyond just finance and IoT; it aims to contribute to the creation of a decentralized economy by enabling complex algorithms that can operate independently in a secure, shared digital environment.
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