Fetch.AI Launches Computing Services and Rewards FET Token Holders

Bittime - Fetch.AI, a platform that combines blockchain and artificial intelligence (AI), has just announced the launch of decentralized computing services and rewards for FET token holders. This step is expected to improve performance and innovation in the Fetch.AI ecosystem.

Rp1.57 Fund for Decentralized Computing 

Fetch.AI claims to have secured funds of $ 100 million or around Rp 1.57 trillion to develop a decentralized computing service called Fetch Compute. The service will enable users and developers to leverage Nvidia's advanced and efficient H200, H100, and A100 graphics processing units (GPUs) to run a variety of AI applications.

Fetch Compute will be part of a Fetch.AI network consisting of autonomous AI agents that can interact and transact autonomously. The network aims to create an open and decentralized AI economy that can provide solutions to various problems such as transportation optimization, energy, and finance.

Humayun Sheikh, CEO of Fetch.AI, said that Fetch Compute is not just an infrastructure investment, but also an investment for the future of AI and an innovative developer ecosystem. He added that Fetch Compute will accelerate the exploration and implementation of complex and sophisticated AI models and solutions.

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Prizes for FET Holders 

In addition to launching Fetch Compute, Fetch.AI also announced rewards for FET token holders. Starting March 7, FET holders will be able to accumulate Fetch Compute Credits, which can be used to pay GPU usage fees on Fetch.AI network. In addition, FETs can also be used as a means of payment for computing services.

The Fetch.AI team stated that the awarding of these rewards is a significant step towards incentivizing the Fetch.AI community, especially for those involved in decentralized AI projects that require large computing resources. Sheikh said that by combining substantial computing resources with a unique computing credit system, Fetch.AI ensure that its community has the necessary support and tools to realize their visionary AI projects.

According to data from CoinMarketCap, FET is the fourth largest AI-related token with a market capitalization of $1.1 billion or around Rp 17.3 trillion. The price of FET has risen more than 240% in the past month, from $ 0.36 or around IDR 5.7001 per token on February 1, 2024 to $ 1.23 or around IDR 19.4001 per token on March 1, 2024. This price increase was driven by market enthusiasm for Fetch.AI's potential as a decentralized AI platform.

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How to Buy Fetch.ai (FET) on Bittime

You can buy and sell Fetch.ai (FET) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

Fetch.ai (FET) is available on Bittime with the market pair FET/IDR. To be able to buy FET IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy Fetch.ai (FETI) on Bittime.

Monitor the price chart movements of Fetch.ai (FET), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.