Fetch.ai Foundation has recently announced a strategic partnership with peaq, the blockchain platform for real-world applications, and Bosch, a leading global IoT manufacturer. This collaboration aims to integrate Layer 1 blockchain technology to advance artificial intelligence and decentralization in the economy of things.

By joining forces with the Foundation, peaq will play a crucial role in enhancing AI-driven automation in the Economy of Things. This new economic paradigm envisions connected devices autonomously creating value, leveraging Fetch.ai’s AI Agents.

Fetch Compute: Empowering Developers

Fetch.ai Foundation has allocated $100 million to launch Fetch Compute, an infrastructure program that will provide developers with enhanced tools, computing power, training opportunities, and GPU credits. This initiative underscores Fetch.ai’s commitment to fostering innovation and growth within its ecosystem.

Recent collaborations have further strengthened Fetch.ai’s position in the market. A partnership with Deutsche Telekom highlights the project’s dedication to advancing AI-based technologies in the web3 industry.

Token Performance and Market Growth

Fetch.ai, known for its AI-powered blockchain infrastructure, has seen significant growth in its native token (FET) value. CoinMarketCap data shows a 22% surge in the token price, reaching $2.23. Over the past month, FET has experienced a remarkable 326% price increase, reflecting the project’s ongoing initiatives and market traction.

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