Claim $500Breaking: Fetch.ai Partners Bosch For AI And Web3, Price Soars 100% This Month
Fetch.ai, a blockchain-based artificial intelligence (AI) and machine learning platform, has partnered with engineering and technology leader Bosch to form a Web3 foundation — Fetch.ai Foundation.
The Fetch.ai Foundation will research and develop Web3 technology for real-world use cases in the mobility, industrial, and consumer industries. The foundation will have a three-tier governance structure and inspired by the Linux Foundation’s decentralized innovation model.
The design will ensure that decentralized innovation can be achieved at scale while embracing open-source technologies and ecosystems. The design goal is to achieve technology pooling, making it survive without individual foundation participants’ engagement.
Bosch and Fetch.ai will lead the Foundation’s management board and will welcome other key participants from the industry to its board.
Humayun Sheikh, CEO and Founder at Fetch.ai, said:
“Bosch will help us fast track Web3 adoption in the industry and encourage other industry players to join us in this journey. More industry applications will also bring new business opportunities for the existing tech entrepreneurs in the Fetch.ai ecosystem.”
Peter Busch of Bosch will be the Chairperson of the Fetch.ai Foundation. He believes combining disrupting Web3, AI, and open-source technologies with proven hardware and software capabilities will meet the much-needed technology innovation.
Also Read: Here’s How Much Your $100 Investment in Fetch.ai Will Be Worth If FET Reaches $1
Fetch.ai (FET) Price Skyrockets Over 15% With Bosch Partnership
Fetch.ai (FET) price skyrocketed by over 15% in the last few hours after the announcement of the partnership with Bosch reaches the market. AI crypto tokens and application has taken over the market by storm amid the ChatGPT hype.
FET price is currently trading at $0.48, up over 15% in the last 24 hours. It has risen over 100% in February alone. The 24-hour low and high are $0.41 and $0.49, respectively. Furthermore, the trading volume has increased by 200% in the last 24 hours, indicating an increase in interest.
Also Read: Bitcoin Price Retraces From $25000 Ahead Of US FOMC Minutes Release, Big Fall Coming?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- January Fed Rate Cut Odds Fall to New Lows After Strong U.S. Q3 GDP Report
- Breaking: U.S. GDP Rises To 4.3% In Q3, BTC Price Climbs
- Breaking: Bank of Russia Proposes Allowing Investors to Buy Bitcoin and Crypto in Major Regulatory Shift
- Crypto ETF Issuer 21Shares Advances Dogecoin ETF Bid with Amended S-1 Filing
- Bitcoin Crash Risk Mounts As Peter Brandt Points to 80% Declines in Every Major Cycle
- Solana Price Outlook: Will SOL Recover With Strong Institutional Buying?
- Ethereum Price Risks Crash to $2,500 Amid Sustained Wintermute Dumping
- Is It Time to Sell Bitcoin for Gold- Analyst Spots 2023 Pattern That Triggered BTC’s Last Major Rally
- Will Bitcoin Price Hit $100k Before Year-End? Prediction and Analysis
- Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?
- Aster launched Phase 5 Buyback Program Allocating 80% Fees. Will ASTER Price Rally?
