🚨🤖 Fetch.ai Sets the Record Straight: Not Bankrupt, But Evolving!*🌐💻
In response to misleading reports, Fetch.ai, the trailblazing Web3 protocol in artificial intelligence, has clarified its recent business moves. 🚀💡
🇬🇧 **Administrators Appointed, Assets Sold**: On January 23, Fetch.ai Ltd (UK) took a strategic step by appointing administrators from ReSolve Advisory Limited. The UK business assets were successfully sold to Assmbl.ai, a move aimed at evolution rather than bankruptcy. 💼🔄
📉 **False Implication of Bankruptcy**: An Evening Standard report mistakenly conveyed Fetch.ai as bankrupt due to financial woes, a claim vehemently denied by Fetch.ai. The Fetch.ai Foundation remains robust, and the FET token retains its operational value. 💰🔄
🏙️ **Relocation to Dubai for Restructuring**: Fetch.ai's decision to relocate its business to Dubai is a strategic move for restructuring, not downsizing. The global entities of Fetch.ai remain unaffected. The relocation and FET token distribution were misinterpreted as signs of bankruptcy. 🌐✈️
🔧 **Restructuring Underway**: Fetch.ai confirms that restructuring is already in progress, paving the way for an exciting evolution in its journey. 🔄🚀
🌍 **Global Operations Unhindered**: Fetch.ai ensures its community that global operations will continue seamlessly, emphasizing that the founders are personally backing the UK entity. Their substantial personal investment makes them the largest shareholder and main creditor. 💪👥
🌐💼 **Dubai Beckons**: Fetch.ai's relocation to Dubai signifies a bold step towards new horizons, promising innovation and growth. The Web3 protocol is evolving, not faltering! 🚀🏙️
🚀 **Fetch.ai: Redefining the Future of AI in Web3!**
