Fetch.ai (FET) is a decentralized machine learning platform and a founding member of the Artificial Superintelligence Alliance (ASI). Originally launched to facilitate an "autonomous agent" economy, Fetch.ai merged with SingularityNET (AGIX) and Ocean Protocol (OCEAN) in 2024 to create the largest open-source, decentralized network dedicated to the development of Artificial General Intelligence (AGI).
Within the Alliance, the FET token serves as the primary reserve asset and has been designated as the "base" token for the migration to the unified ASI ticker. It functions as the utility and governance layer for a multi-chain ecosystem that includes:
Autonomous Economic Agents: AI entities that perform tasks like data processing, supply chain optimization, and trading without human intervention.
The Euro (EUR) is the official currency of the Eurozone, used by 20+ countries within the European Union. Issued by the European Central Bank (ECB), it is the second-most traded currency globally after the US Dollar. EUR is commonly used in cryptocurrency trading and has inspired stablecoins like EURC and Stasis EURS, which maintain a 1:1 peg to the euro.