Fetch.AI FET token has hit a 2-year high thanks to strong fundamentals and the latest Bosch partnership while pivoting to DeFi so let’s read more in our latest altcoin news today.
Artificial intelligence and machine learning are now changing the face of every possible industry including crypto, commerce, and other technologies every day. In the most basic form, the information gathered by artificial intelligence is data that can be used to make interpretations and blockchains that are built for the transmission and storage of data. Fetch.ai is a Cambridge-based AI lab that has the goal of using distributed ledger technology to build a decentralized machine learning platform that is going to provide securely transacting forms of data globally.
The data from Tradingview shows that the Fetch.AI FET token surged 720% since the year started and this week the altcoin hit a new high of $0.40. Looking through the project’s Twitter feed we can see that the excitement started building up at the end of January when Fetch.AI started talking about its Mettalex project that is actually a decentralized exchange for its ecosystem that specializes in intelligent oracles to DeFi.
Given that the Decentralized finance space is a fast-evolving sector, FET’s inclusion in it was followed by a strong surge in trading volume. As part of the Mettalex launch, the FET tokenholders were given the chance to stake their tokens on the platform for months and to earn a 10% yield which will be paid in the MTLX tokens. the momentum continued enhancing all over February following the high-profile partnerships and the latest partnership with Bosch group was the catalyst that the platform needed to launch a multi-purpose blockchain designed to enable Web 3.0.
🔥🔥🔥Are you ready? Mainnet 2.0 is coming..soon!🔥🔥🔥#mainnet2iscoming #nextgeneration #fetch_ai pic.twitter.com/Jq2qQQ8ruW
— Fetch.ai (@Fetch_ai) March 5, 2021
The blockchain project was in a testnet since October 2020 with the upcoming March release looking like it’s on track based on the tweets posted. The release of the project’s first native application in the App store shows that the expansion of the Fetch.ai ecosystem is only at the start and the record transaction and trading volume show that there’s a growing interest in the AI Focused protocol.
As reported recently, The Cambridge-based artificial intelligence lab Fetch.AI is now working on an open-access decentralized machine learning network for smart infrastructure as per the announcement yesterday where they said they have completed a mainnet integration of Chainlink’s price feeds.
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