Fetch.AI update: FET Live price, price chart, news and markets

The FET price update as of now is $1.28. In the previous 24 hours, its trading volume was $283,390,876, and its value has decreased by -6.93%. As of now, FET's live market cap is $3,471,486,710, and it is ranked as the #44 on the Coincu. FET has a circulating supply of 2,719,493,897 and a maximum supply of 2,719,493,897.

Understanding Fetch.AI (FET) Fetch.AI (FET) is an innovative artificial intelligence (AI) protocol that utilizes the Useful Proof of Work consensus mechanism to establish a foundation for a self-governing e-commerce economy. This revolutionary ecosystem combines blockchain technology and AI to create a decentralized digital network that promotes efficient collaboration among various economic sectors such as data, hardware, services, and infrastructure. The Basics of Fetch.AI (FET) The primary goal of Fetch.AI is to develop an internet economy of "authorized agents" by integrating machine learning technology (ML), artificial intelligence (AI), multi-agent systems, and decentralized ledger technology. This encompasses a wide range of applications, from hotel and airline ticket bookings to supply chain technologies and services. Addressing Challenges with Fetch.AI Fetch.AI tackles two major challenges: the automation of applications and the inefficiency of centralized economic networks. While many current applications can handle data, they often lack autonomy. With the shift towards decentralized autonomous models, maintaining a centralized economy can result in resource wastage, such as empty warehouses and containers. The Functioning of Fetch.AI Fetch.AI operates through three key layers: Autonomous Economic Agents (AEA), Open Economic Framework (OPF), and Smart Ledger (SL). The Role of Autonomous Economic Agents Within the Fetch.AI ecosystem, economic sectors can independently and automatically interact with each other under human control. These entities represent machines, services, devices, applications, etc., and enable the extraction of data resources from hardware for consumer use. AEAs have the flexibility to operate in parallel and independent modes. The Open Economic Framework Agents in the Fetch.AI ecosystem utilize frameworks to fulfill specific roles, focusing on real-time interactions. The initial phase involves two main types of OEF: trustless and trusted. The Smart Ledger The Smart Ledger functions as Fetch.AI's digital platform, providing convenient access to AI and ML capabilities. This ledger enables participants to quickly and efficiently access data and resources, supporting the market in processing millions of transactions per second. Roadmap and Future Developments For a detailed roadmap of Fetch.AI's future developments, please visit this link.