Fetch.ai - Mixing machine learning and the blockchain

Fetch.ai (FET)

What is Fetch.ai?

Fetch.ai is a blockchain protocol designed to interconnect Internet-of-Things (IoT) devices and algorithms, to improve machine learning across the chain. The network consists of agents that make use of gathered information to execute different tasks.

Why does Fetch.ai have value?

Fetch.ai is ideal for IoT developers who need access to data and information that can improve their devices and applications. Moreover, it uses sharding to increase the throughput of the network and can't act as a Layer-2 solution for Layer-1 blockchains.

What are the Pros of Fetch.ai?

●       It improves and automates tasks that were previously done manually.

●       The network has a high throughput.

What are the Cons of Fetch.ai?

●       Not relevant to many retail users as it is mostly a tool for developers.

What are FET’s tokenomics?

The maximum supply is 1,152,997,575. 5% were sold in a seed round; and 6.38% were sold in additional sales rounds.

Who founded Fetch.ai?

Toby Simpson, Humayun Sheikh, and Thomas Hain.

Who are Fetch.ai’s investors?

Fetch.AI has conducted three funding rounds, raising $26 million. Its main investors are GDA Group, Blockwall Management, and Outlier Ventures.

Concise Crypto Grade:

B-  :Fetch.ai is a unique business solution in that it can act as a Layer-2 solution for older blockchains. It’s cutting-edge technology allows protocols to create machine-learning models and launch them on the blockchain as part of their Dapp. Fetch.ai also connects different chains through its cryptographic bridge. It’s an interesting solution that is still in its infancy but may gain additional traction as more and more organizations moved their business models to blockchains.

Where can I buy FET?

Binance, Coinbase Exchange, Gate.io, KuCoin, Gemini, Bitfinex.

What ecosystem does Fetch.ai run on?

Cosmos