#fetchai is an innovative blockchain project that offers an infrastructure for decentralized applications that are free from centralized control. The project provides open-source software tools that developers can use to harness the power of #ai and automation, and its interoperable decentralized network.
Fetch.AI's unique Autonomous Agent technology allows developers to create #P2P applications with automation and AI capabilities, with or without direct access to a blockchain. The ecosystem enables a better autonomous ecosystem, where AI services can be built and deployed at scale, anytime and anywhere.
The Fetch.AI network is built on the Cosmos-SDK and uses a high-performance WebAssembly (WASM)-based smart contract language (CosmWasm), functioning as a #layer1 network for Ethereum and an interchain bridge to the rest of the blockchain world.
The FET token is the native cryptocurrency of the Fetch.AI ecosystem and is used as the primary medium of exchange within the network. FET can be used to pay for services provided by Fetch.AI, and also staked for semi-passive income while contributing to network security.