Fetch.ai (FET) is a decentralized network that strives to expand access to artificial intelligence (AI) through machine learning technology. Introduced in 2019, Fetch.ai seeks to create a permissionless environment where users can access and share datasets via autonomous AI agents. This platform is designed to carry out tasks that utilize its broad data network, with applications across DeFi trading platforms, transportation systems, smart energy solutions, and more. The ecosystem operates using FET tokens, which are essential for creating, deploying, and training digital twins, and play a key role in smart contracts and oracle functionalities on the network.

Fetch.ai functions through a multi-layered technology stack composed of four main components. The Digital Twin Framework offers modular tools to develop marketplaces and skills for digital twins to interact within the network. The Open Economic Framework supports these digital twins by providing search and discovery features. The Digital Twin Metropolis consists of smart contracts that record agreements between digital twins on an immutable ledger. Finally, the Fetch.ai Blockchain incorporates multi-party cryptography and game theory principles to strive for censorship resistance and fast chain synchronization, supporting digital twin operations. Its infrastructure includes a decentralized data layer built on IPFS and a marketplace for AI-driven solutions.

Fetch.ai aims to address various use cases by applying AI and machine learning to decentralized networks. It seeks to optimize DeFi trading platforms, streamline transportation logistics, improve smart grid energy distribution, and enhance other complex systems reliant on big data. Developers can utilize FET tokens to build, train, and deploy digital twins on the network, leveraging machine learning for autonomous operations. These tokens also support the network's validation process, enabling nodes to maintain the integrity of transactions and contribute to reputation systems within the platform.

Fetch.ai was established in 2017 by Toby Simpson, Humayun Sheikh, and Thomas Hain, and later launched through an Initial Exchange Offering (IEO) in March 2019. Humayun Sheikh continues to lead the project as CEO, while Toby Simpson, previously the COO, currently serves on the Advisory Board. Thomas Hain, who was the Chief Science Officer, co-founded Koemei before contributing to Fetch.ai. The network utilizes blockchain technology to provide a decentralized infrastructure, incorporating privacy-enhancing features like differential privacy to safeguard user data while maintaining transparency in transactions.

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