What Is Fetch.ai (FET)?
FET is the native token of Fetch.ai. It’s a platform driven by artificial intelligence that allows developers to create various organizations and marketplaces. It provides them with a variety of open-source AI tools. The project was developed by Toby Simpson, Humayun Sheikh, and Thomas Hain.
The optimization of transportation networks, DeFi trading services, traveling, smart energy systems, and any other intricate digital system that depends on sizable datasets are among the use cases of the Fetch.ai system.
If you’re interested in the Fetch.ai price, check out the chart above.
The Structure of Fetch.ai
Overall, the Fetch.ai network is constructed out of four elements: the digital twin network, the digital twin metropolis, the Fetch.ai blockchain, and the open economic framework.
Data scientists and IT staff can run simulations using digital twins, which are virtual versions of physical devices such as assets, systems, or processes.
The twin network allows users to develop skills, knowledge, and marketplaces that allow the connection between digital twins. The twin metropolis, on the other hand, is a set of smart contracts that operate on a WebAssembly (WASM) virtual computer and store immutable agreements between digital twins.
In terms of the Fetch.ai blockchain, it provides a censorship-resistant consensus mechanism and quick chain synchronization to support digital twin dApps. The blockchain does that by combining game theory and cryptography. Lastly, the open economic framework provides digital twins with search and discovery capabilities.
The FET Token
FET is a utility token. Fetch.ai token allows users to develop new digital twins. Besides, it allows developers to obtain machine learning-based tools that are used to train autonomous digital twins. Also, Fetch.ai coins can be used to pay for any service provided by Fetch.ai.
However, apart from being a means to buy something, it can also be staked to generate passive income. All you have to do is assign your tokens to one or more validators, who are crucial to preserving the network's integrity.
Besides, note that the FET price might fluctuate due to various factors that affect the crypto market. This is a characteristic that can be seen in most crypto projects.
Therefore, as mentioned before, it's crucial to monitor Fetch.ai price charts before making any purchase decisions.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
261.3K
Followers: 261,308
0.03%
Following
758
0.00%
Posts count
9,876
0.16%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
21.35K
Subscribers: 21,359
0.16%
Subreddit type
public
Moderators
6
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
-
Title
-
Currently, official Fetch.ai (FET) Telegram Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
72 / 100
0.00%
Ahrefs Rank
77,195
0.09%
Organic Traffic (mo.)
25,267
5.93%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
89
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
Currently, official Fetch.ai (FET) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
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