GlossaryCoin
Fetch.ai (FET): What Is It? Definition & Explanation
Fetch.ai (FET) is a protocol combining AI and blockchain infrastructure where autonomous AI agents can independently execute tasks such as data trading, DeFi optimization, and supply chain management on behalf of users. In 2024, Fetch.ai merged with Ocean Protocol and SingularityNET to form the ASI (Artificial Superintelligence) Alliance, while continuing to trade under the FET ticker.
By COINOTAG Research DeskLast updated Sources
Key facts
- Symbol
- FET
- Max supply
- 2,714,384,547
- Circulating supply
- 2,311,508,384
- Market cap rank
- #121
Current data
- Last price (USD)
- $0.1953
- 24h change
- +3.99%
- Market cap
- $452.59M
- Data time
Fetch.ai is a Cambridge-based protocol that combines artificial intelligence (AI) with blockchain technology to bring the concept of "autonomous economic agents" to life. Founded in 2017 under the leadership of Humayun Sheikh, Fetch.ai merged with Ocean Protocol and SingularityNET in 2024 to form the ASI Alliance (Artificial Superintelligence Alliance). Although the three projects' tokens have been consolidated into a single ASI token, the FET ticker remains active on markets.
Autonomous Economic Agents (AEA)
Fetch.ai's core product is software-based autonomous economic agents capable of executing tasks on behalf of users. These agents can:
- Data trading: Independently buy and sell sensor data, financial data, or any digital content.
- DeFi optimization: Automatically execute portfolio rebalancing, yield optimization, or arbitrage.
- Supply chain: Independently make and coordinate logistics decisions.
These agents register on Fetch.ai's Almanac (agent registry) infrastructure and communicate with each other in a discoverable way.
| Component | Function |
|---|---|
| uAgents | Python library — agent development framework |
| Almanac | Agent registration and discovery infrastructure |
| DeltaV | Natural language interface for assigning agent tasks |
| Fetch.ai Mainnet | Cosmos-based Layer-1, IBC-compatible |
Fetch.ai autonomous agent network — user request, Almanac registration, agent coordination, and task execution flow
ASI Alliance: Three Giants Merge
This 2024 merger was one of the largest protocol consolidations in the AI and crypto space:
- Fetch.ai (FET): Autonomous agents and Web3 AI infrastructure
- Ocean Protocol (OCEAN): Decentralized data marketplace
- SingularityNET (AGIX): Decentralized AI services marketplace
The three protocols' strengths were combined to form the vision of a "decentralized AGI infrastructure." Conversion ratios were announced, and FET was positioned as the primary token for the ASI transition.
FET Token
The FET / ASI token serves three core functions:
- Agent transactions: Agents pay FET to execute tasks.
- Staking: Network security and validator rewards.
- Governance: Voting rights on ASI Alliance protocol decisions.
COINOTAG Perspective
Fetch.ai represents one of the earliest intersections of AI and blockchain. The ASI Alliance merger significantly increased the project's ecosystem weight. The autonomous agent concept has a powerful vision that could create long-term value when the right real-world use cases emerge. Key metrics for investors to track: real-world agent usage numbers, DeltaV adoption rate, and ASI Alliance ecosystem growth.
Frequently Asked Questions
What is Fetch.ai (FET)?
Fetch.ai is an AI + blockchain protocol where autonomous AI agents can independently execute tasks like data trading, DeFi optimization, and supply chain management on behalf of users. In 2024, it merged with Ocean Protocol and SingularityNET to form the ASI Alliance, and continues to trade under the FET ticker.
What is the ASI Alliance?
The ASI Alliance (Artificial Superintelligence Alliance) is a decentralized AI ecosystem formed in 2024 through the merger of Fetch.ai, Ocean Protocol, and SingularityNET. The three projects' tokens were consolidated into a single ASI token; FET is the primary token for this consolidation.
What is an Autonomous Economic Agent (AEA)?
An autonomous economic agent is a software-based AI agent that can make independent decisions and execute tasks on behalf of a user. Fetch.ai agents can perform complex tasks like data trading, portfolio optimization, and logistics coordination without human intervention. The uAgents Python library simplifies developing these agents.
What is the relationship between FET and ASI?
FET is Fetch.ai's original token. In the 2024 ASI Alliance merger, the three protocols (FET, OCEAN, AGIX) agreed to convert their tokens into a single ASI token. The FET ticker remains active on markets; the conversion process is progressing gradually.