What is Fetch AI (FET)? | Fetch AI Crypto Explained in Under 60 Seconds
CDR Crypto
Fetch.ai provides a decentralized machine learning network with the tools and smart infrastructure to enable a secure decentralized digital economy.
The Fetch ai utility token FET is essential for smart contracts & oracles. Also used to access machine-learn based utilities to train autonomous economic agents.
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With Fetch ai crypto, an Autonomous Economic Agent (AEA) can be created to act independently from owners and autonomously execute defined economic goals.
After an agent is created, Fetch.ai FET tokens can be used to transact on OEF (Open Economic Framework) and enable autonomous agents to acquire data from other agents.
Fetch ai has a versatile blockchain architecture based on the Cosmos-SDK, supporting services such as the deployment of agent applications on multiple networks, including Ethereum, Cosmos and Binance Smart Chain.
The versatility of Fetch.ai allows for many use cases, such as trade optimization, connecting energy networks to a smart grid, the reconstruction of the gig economy, and much more.
WEBSITE: https://fetch.ai/
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