What is it (FET)? - is the British artificial intelligence laboratory in Cambridge, in an effort to use the capabilities of artificial intelligence, machine learning, the Internet of Things and blockchain technology in 2017, launched its blockchain platform based on artificial intelligence.

Networks - this is the next step towards creating an artificial intelligence-based blockchain that allows businesses and individuals to deploy autonomous economic agents (AEA). seeks to use data in a transparent and decentralized way that does not require trust, passing information to those they like to call agents. The project aims to connect devices in a secure and decentralized way, and to provide an intelligent connection.

They can be used for a very efficient and effective exchange of information, while being secure and decentralized.

On 31.03.2021, the company announced the launch of version 2.0 of its main network with 30 validators, including Outlier Ventures, Forbole, and InfStones.

Who created it

For the creation of Toby Simpson, Humayun Sheikh, and Thomas Hine are standing by. Humayun Sheikh is the CEO of the company 

The chief operating officer of the project today is Toby Simpson, well

Thomas Hein is the Chief Scientific Officer 

What makes unique?

Fetch Agents (AEA) is a smart solution that is great for machine learning and artificial intelligence.

You can set preferences based on your interests, and when you start using the agent in your daily life, it will learn from your habits.

This way, if you come across another agent or device using this technology, the entire experience will be tailored exactly as you like.

Use of agents it is unprecedented. They are called autonomous economic agents, or AEA, and act on their own accord. The agent senses the environment with sensors and can affect the environment with effectors.

For example, AEA can be used to find cheap concert tickets, and it understands how to negotiate and how to search for sellers.

If it encounters another AEA that has been deployed to sell tickets at an auction, the buying AEA can learn from the selling AEA how the auction skills work. It can then act accordingly to get tickets at the best price. 

He acts according to his needs and requirements, but taking into account your habits.

How many tokens (FET) are in circulation?

The FET token is an internal token of the ecosystem, and is currently trading at 0.098341 USD, with a daily volume of 12,183,384 USD. With the maximum supply of 500,000,000 FET tokens, 746,113,681 tokens are currently in circulation.

If a company creates a standalone agent and wants to deploy it on the FET network, they will need to make transactions using FET to do so. 

How the network is protected

Version 2.0 of the main network created using the Cosmos-SDK and offers full compatibility between the native token (FET), other IBC-compliant chains, and the ERC-20 token via a Gravity-based inter-chain bridge. When the main network is launched, a decentralized random beacon (DRB) will be added to the registry. Integration with Tendermint will lead to secure consensus, compact multi-signatures to reduce storage costs, and Proof-of-Stake (SPOs) consensus.) v2. 0 will also offer updates to its agent environment, including the release of a local interface without code for interacting with autonomous economic agents, full integration of IPFS (secure Private Key Management), and the AEA registry. SOEF Updates will provide proof of identity for peer-to-peer trust, while the Collective Learning Framework will improve the processes of joining and learning.


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