NewsletterBreaking: 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
- Breaking: Bitcoin Gains State Adoption as Texas Becomes First U.S. State to Purchase BTC
- Rate Cut Advocate Kevin Hassett Emerges as Trump’s Top Pick For Fed Chair
- Breaking: Crypto Platform Polymarket To Operate As A U.S. Exchange as CFTC Issues Key Order
- SEC Panel to Discuss Regulatory Changes for Tokenized Equities on Dec. 4
- December Fed Rate Cut Odds Surge To 85% Following PPI Release
- Chainlink Price Could Soar to $15 as ETF Listing Nears
- Will Cardano Price Rebound as Hoskinson Hints at a TVL Surge After Midnight Launch?
- Ethereum Price Holds $2,900 Amid Massive ETF Inflows and BlackRock Purchase
- Sui Price Surges 12%: Could This Mark the Start of a Bullish Trend?
- Is Bitcoin Price Set for Major Recovery as December Rate Cut Chances Hit 80.9%?
- Solana Price Jumps as Bitwise ETF Sees Record $39.5M Inflow: Targeting $150 Next?
