🔔Event Summary:
At 03:00 (UTC) on July 1, 2024, all major exchanges will delist and stop trading of all spot trading pairs of FET, OCEAN, and AGIX in the AI sector.
💥Foreword:
Fetch.ai is developing a platform to advance the AI-driven decentralized digital economy.
On this platform, agents are programs that can make autonomous choices and serve individuals, companies, and devices. Agents are at the core of the Fetch.ai ecosystem.
So-called agents are flexible problem solvers that can not only complete tasks but also solve complex problems in multiple fields. Agents are adaptable and can handle a variety of activities in the decentralized economy, whether it is improving supply chain logistics, maintaining reliable record systems, performing computational tasks, or facilitating buying and selling transactions.
Fetch.ai also places great emphasis on accessibility. The agent technology is designed to be inclusive, and anyone can create an AI agent. These agents are made possible by the Fetch.ai platform.
1️⃣Project founder:
Humayun Sheikh is the founder and CEO of Fetch.ai and an early investor in Deepmind. He has extensive experience in technology startups, having founded itzMe in 2014 and uVue in 2016, focusing on machine learning, especially in the field of drones.
Humayun Sheikh founded Fetch.ai in August 2017 and launched Mettalex (DEX), a decentralized exchange built on Fetch, in June 2020.
He has extensive experience and influence in technology innovation and business. His career spans multiple industries and regions, covering artificial intelligence, fintech and blockchain technology.
2️⃣What is FET?
Fetch.ai (FET) tokens are the core currency of the Fetch.ai network and are used to pay for services and network transaction fees. In addition, users can also choose to stake FET to participate in the security verification of the network and earn rewards by contributing to the verification node.
Initially, the Fetch.ai team released the ERC-20 standard FET token on the Ethereum network. This enabled developers around the world to obtain FET early and develop novel solutions within the Fetch.ai ecosystem. However, due to Ethereum's scalability limitations, the Fetch.ai team eventually launched its own mainnet and released the native FET token.
The native FET token is the only token accepted on the Fetch.ai network, and users no longer need to hold tokens from other networks (such as ETH or BTC). Currently, ERC-20 FET tokens on Ethereum are still in circulation and can be converted to and from native FET tokens on the Fetch.ai network.
3️⃣Main features of Fetch.ai:
Fetch.ai's architecture consists of four key layers: Agents, Agentverse, AI Engine, and Fetch Network.
1. Agent: Core
Agents are programs designed to operate freely in a decentralized environment. They can connect, search, and trade, creating dynamic markets. Agents can interact within their environment and with other agents in the network through programmed logic. Due to their isolated and decentralized nature, agents are able to complete specific activities and goals safely without human involvement.
2. Agent Universe: The Gateway to Agents
Agent Universe is a Software as a Service (SaaS) platform that is primarily used to create and register agent solutions. This platform supports the smooth deployment, management, development and registration of agents, allowing you to easily manage and host your agents in one place.
Agent Universe provides a variety of application scenarios, from simple "Hello World" to AI-based recommendation systems, which you can easily edit, adjust and deploy. These use cases can be customized and applied with just a click.
You can publish your agents as a feature on Agentverse so that AI engines can quickly find them and promote them to other users or agents through DeltaV.
3. DeltaV and AI Engine: Promoting User Interaction
DeltaV is a chat interface that acts as a bridge between users and Agentverse registered agents. It simplifies connecting to these agents and encapsulates agent functionality in a human-readable way, making it easy for everyone to obtain and query different types of functionality. DeltaV is primarily a tool for developers to interact with deployed agents.
The AI Engine is at the core of DeltaV’s functionality; the AI Engine’s goal is to parse, understand, and link relationships between human input and agents by facilitating natural language interactions. The AI Engine reads the user’s input, converts it into actionable goals, and selects the most appropriate agent registered with Agentverse to perform the task.
4. Fetch.ai Network: Infrastructure
The Fetch.ai Network is the backbone of the entire Fetch.ai ecosystem, supporting and enhancing the capabilities of Agents, Agent Universes, DeltaV, and the AI Engine. This network is an important framework for realizing the decentralized digital economy envisioned by Fetch.ai.
The Fetch.ai network consists of several key components, including the Almanac contract, the Fetch naming service, the Fetch ledger, and the FET token. These tools are essential to properly develop your ideas and solutions and make them discoverable to more users.
At the core of the Fetch.ai network is the Almanac contract. It acts as a comprehensive repository that holds important information about agents and is essential for performing various functions. The Almanac contract is the source of truth and the central point for searching all registered agents. This contract facilitates the smooth exchange of data and ensures efficient operation of agents within the Fetch.ai ecosystem.
Fetch Naming Service is a decentralized naming system that simplifies the identification of resources within the network. This service provides easy-to-understand naming conventions to facilitate users to access and interact with decentralized services and agents.
The Fetch Ledger is the backbone of Fetch.ai’s decentralized infrastructure. As a secure and immutable record system, it provides a transparent record of transactions, enhancing trust and reliability of the network. The Fetch Ledger supports the decentralized economy and ensures secure data sharing and transaction integrity.
The entire Fetch.ai system runs on the FET token. It has intrinsic value and utility, driving transactions, promoting active user participation, and enabling various decentralized services within the Fetch network. The FET token acts as a medium of exchange, facilitating interactions between users, agents, and services within the Fetch ecosystem.
🎯 Summary: Fetch.ai
At present, the main challenges facing the Fetch.ai project include technical complexity. In order to stay ahead, the project needs to continue to invest in R&D and innovation.
In addition, popularizing education and increasing user acceptance are also key challenges. The project also needs to deal with competitive pressure from other blockchain and artificial intelligence projects in the market, so continuous innovation and differentiation are essential. The uncertainty of the global regulatory environment may also affect the development of Fetch.ai, especially in terms of cross-border transactions and digital asset regulation.
Finally, as with any cryptocurrency investment, it is vital that you conduct thorough research and understand the associated risks before making any investment decisions.
🤝 Thank you everyone！
