Fetch.ai
Name
Fetch.ai
Summary
Fetch. AI is an artificial intelligence (AI) lab that is developing a decentralized machine learning network with a crypto economy.
-It was founded by Toby Simpson, Humayun Sheikh and Thomas Hain.
-It is secured by Proof of stake consensus mechanism.
Rating
Symbol
FET
Overview
Fetch. AI is a distributed ledger-based open-source decentralized machine learning platform that gives users access to AI in the form of secure datasets.
Fetch.ai democratises AI technology by providing a permissionless network on which anybody can connect and access safe datasets while employing autonomous AI to do tasks that leverage its global data network. The Fetch.AI model is based on scenarios such as optimising DeFi trading services, transportation networks (parking, micromobility), smart energy grids, and travel — in other words, any complicated digital system that relies on large-scale statistics.
The goal of Fetch is to automate an infinite number of markets that now require a lot of manual interaction. Autonomous economic interactions will result in near-frictionless, digitally fast marketplaces. Fetch.AI envisions a society in which everyone owns several economic agents on the Fetch.AI platform that work in series or parallel to build answers to today's and tomorrow's complex issues that are far more beautiful and efficient than anything humans can come up with.
Historical Price Movement (in INR)
Technology
Fetch. AI employs a combination of Proof-of-Stake ("PoS") with a protocol to perform a work to deliver consensus. The PoS protocol creates new blocks, with the transaction order defined by the work performed between two blocks. A directed acyclic graph (DAG) that builds between the blocks is used to record this work. The blockchain notarizes the DAG, eliminating the requirement for a coordinator. Each block epoch elects a leader or committee of leaders via a decentralised random beacon based on a threshold signature technique.
Use of Native tokens in the ecosystem: On the Fetch.AI network, the Fetch.AI (FET) token is utilised to exchange value. It serves as the payment method for all transaction costs, as well as a refundable method of registering on the ledger. It may also be staked to safeguard the network as a whole.
Public Sale
6%
Private Sale
6.4%
Seed Sale
5.2%
Founders and Team
20%
Advisors
10%
Future Release
17.4%
Mining rewards
15%
Foundation
20%
Volume (23rd April 2022)
$16,468,391
Total Supply
1151441226
Circulating supply
746,113,681.00 FET
Crowd Sales
Fetch.AI has raised $26M in funding over 3 rounds.
Funding
10-03-2021: Venture Round- $5M
25-02-2019: Initial Coin Offering- $6M
11-06-2018: Seed Round- $15M
Country
United Kingdom
Name of Organization
Fetch.ai
Year Incorporated
2017
Registered Address
St John's Innovation Centre Cowley Road, Cambridge, Cambridgeshire CB4 0WS, GB.
Dispute Resolution and Governing Law
United Kingdom
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Thomas Hain | Co-Founder and Chief Science Officer | University of Cambridge: PhDRWTH Aachen University: Masters project - Image processingTechnische Universität Wien: Dipl.-Ing., Electrical Engineering | 27 Yrs |
| Toby Simpson | Co-Founder | NA | 30 Yrs |
| Humayun Sheikh | Co-Founder and CEO | Cambridge Judge Entrepreneurship Centre: Business Management, Business Administration and Management, GeneralNED University of Engineering and Technology: Bachelor of Engineering - BE, Electrical, Electronics and Communications EngineeringCranfield University: Nanotechnology | 8 Yrs |
Whitepaper 
