Artificial Superintelligence Alliance

Established in 2017 and launched through an Initial Exchange Offering on Binance in March 2019, Fetch.AI is an innovative artificial intelligence lab. It focuses on creating an open, permission-free, decentralized machine learning network that operates within a crypto economy. Fetch.ai aims to make AI technology accessible to everyone by providing a permissionless platform where users can connect and utilize secure datasets. This is achieved by using autonomous AI to perform tasks that leverage a global data network. Fetch.AI is particularly focused on applications such as enhancing DeFi trading services, managing transportation systems like parking and micromobility, optimizing smart energy grids, and improving travel solutions—basically, any sophisticated digital framework that depends on extensive datasets.

Fetch.ai was brought to life by Toby Simpson, Humayun Sheikh, and Thomas Hain.

Humayun Sheikh, who is the current CEO of Fetch.ai, also founded Mettalex and initiated ventures like uVue and itzMe.

Toby Simpson, a former COO of Fetch.ai, now serves on the Advisory Board. Previously, he worked as CTO at Ososim Limited and led software design at DeepMind.

Thomas Hain was the former Chief Science Officer at Fetch.ai and before that, he co-founded and directed Koemei.

The utility token of Fetch.ai, known as FET, plays a crucial role in the creation, deployment, and training of digital twins. It is integral to the smart contracts and oracles operating on the platform.

By utilizing FET, users can construct and introduce their own digital twins within the network. Developers are able to access machine-learning utilities by purchasing FET tokens, allowing them to train autonomous digital twins and deploy collective intelligence across the network.

Staking FET tokens also enables validation nodes, contributing to network validation and enhancing reputation.

The Fetch.ai technology stack includes four distinct components:

The Digital Twin Framework — offers modular elements that assist teams in constructing marketplaces, skills, and intelligence for digital twins to interact with.

The Open Economic Framework — provides search and discovery capabilities for digital twins.

The Digital Twin Metropolis — a suite of smart contracts running on a WebAssembly (WASM) virtual machine, ensuring a permanent record of agreements among digital twins.

The Fetch.ai Blockchain — merges multi-party cryptography with game theory to ensure secure, censorship-free consensus and swift chain-syncing for digital twin applications.

Key components of the platform include the learner, where each participant has a unique private dataset and machine learning system. The global market is created through a collaborative learning experiment, with learners collectively training the machine learning model. The Fetch.ai Blockchain supports smart contracts that enable secure coordination and governance, while a decentralized data layer based on IPFS facilitates the sharing of machine learning weights among participants.

As of February 2021, there are 746,113,681 FET tokens available in circulation, with the total supply capped at 1,152,997,575 FET.

The network achieves full decentralization through blockchain technology. Additional security is provided by differential privacy, which safeguards against exposing users' private datasets during updates. Fetch.ai's blockchain also incorporates a combination of multi-party cryptography and game theory, delivering secure, censorship-resistant consensus.

You can buy, sell, or trade Fetch.ai (FET) on the following exchanges:

- Binance
- BiKi
- BiONE
- BitAsset
- HitBTC

If you are new to buying cryptocurrency, you can find guidance on purchasing Bitcoin in our detailed guide here.