What Is Fetch.ai?

1. What Is Fetch.ai?

Fetch.ai is a decentralized platform that combines artificial intelligence (AI) and blockchain to enable autonomous agents—digital entities that can perform tasks, make decisions, and interact with one another without human intervention. By leveraging a custom Layer-1 blockchain, Fetch.ai empowers real-time optimization across industries such as supply chain, smart cities, transportation, and energy, offering intelligent automation through autonomous machine learning agents.

2. Why Fetch.ai Was Created

Fetch.ai was developed to solve inefficiencies in traditional centralized systems, which struggle with real-time data processing, decision-making, and coordination. These limitations hinder automation and scalability in critical industries. Fetch.ai addresses these challenges by introducing AI-powered agents that autonomously interact, transact, and negotiate—reducing the need for manual processes and enabling smarter, decentralized infrastructure.

3. How Fetch.ai Works

1. Users or businesses deploy Autonomous Economic Agents (AEAs), which act on their behalf to perform tasks or services.
2. Developers build these AEAs using Fetch.ai’s open-source Agent Framework, incorporating AI and communication logic.
3. Agents interact on the Fetch.ai Layer-1 blockchain, which supports smart contracts, messaging, and micro-transactions.
4. The Open Economic Framework (OEF) enables agents to discover each other and dynamically match supply with demand.
5. Collective learning allows agents to train shared machine learning models in a privacy-preserving way.
6. Agents operate in decentralized marketplaces, exchanging data and services with $FET as the medium of value.

4. Key Features of Fetch.ai

• Autonomous agents that act, transact, and learn independently
• Integration of AI and machine learning for real-time optimization
• Custom Layer-1 blockchain with fast, scalable infrastructure
• Open Economic Framework for agent discovery and coordination
• Privacy-preserving collective learning models
• Micro-payments powered by the native $FET token
• Developer-friendly modular Agent Framework

5. Who Can Use Fetch.ai?

• Developers building intelligent agents and decentralized apps
• Enterprises optimizing operations across logistics, energy, and mobility
• Smart city planners integrating autonomous infrastructure
• AI researchers collaborating through collective learning models
• Retail users via agent-powered applications like CoLearn

6. What Is the $FET Token?

$FET is the native utility token of the Fetch.ai ecosystem. It fuels all network activities and agent transactions. Key uses include:

• Transaction Fees: Agents use $FET to pay for executing services and smart contracts
• Staking & Validation: Validators stake $FET to secure the blockchain and earn rewards
• Governance: Token holders can vote on protocol updates and decisions
• Agent Operations: AEAs require $FET to operate and register within the ecosystem
• Incentives: Developers and users earn $FET for contributing data, services, and improvements