Fetch.ai offers infrastructure in the form of open-source software tools to develop decentralized applications (dApps) that can operate in an interoperable environment across multiple blockchain networks. In addition to interoperability and decentralization, the Fetch.ai offerings let developers harness the power of AI and automation for applications in the digital economy.
The Fetch.AI network interchain protocol is built using the Cosmos SDK and CosmWasm smart contract language. Its design also lets the Fetch Network function as a Layer-1 network for Ethereum while doubling up as an interchain bridge for other blockchain ecosystems.
Its autonomous agent technology lets developers design and launch peer-to-peer, decentralized apps powered by automation and AI, which can be used with or without direct access to an underlying blockchain infrastructure. Fetch.ai’s agents offer modular and reusable code for P2P interactions, while its Decentralized Machine Learning drives a higher level of innovation among the agents.
FET is the native cryptocurrency of the Fetch.AI ecosystem. It functions as the primary medium of exchange within the network, letting users and developers pay for services provided by Fetch.ai. It can also be staked to generate passive income while contributing to securing the Fetch Network.