By 2025, the revenue generated from the global artificial intelligence (AI) software market is projected to reach $126 billion. Within the AI-crypto space, Fetch.ai is currently the most promising and largest investment, as it combines AI and blockchain technologies. The project's P2P AI-driven protocol serves as an operating system for the internet of things (IoT) with the goal of creating a connected digital world in which agents can interact in real-time, make decisions and execute agreements without human intervention. The native token, FET, provides autonomous economic activity on the network, rewarding agents for completing tasks. The blockchain, built using the Cosmos SDK, enables high performance and throughput required to scale AI-based transactions. Fetch.ai сonsidered unique in combining different technologies like DAG, DLT, smart contracts, AI and ML, and the diversity of AI-enabled use cases that the project supports. It is one of the rare blockchain-based projects that use AI to enhance solutions within the digital economy. The potential use cases for this technology are endless, as it creates a decentralized, democratized economy where users can interact and connect with devices, organizations, and services. The network's differential privacy mechanism protects users while keeping the platform decentralized and transparent. The network is secured through a version of PoS based on Cosmos' Tendermint consensus mechanism in combination with DAG.
My thoughts on the hype surrounding artificial intelligence are that there are only a handful of promising projects in this space, while the majority are being inflated by speculators who will quickly lose interest when prices start to drop. It's crucial to differentiate between trends (always changing) and technology in blockchain. Therefore, I will be skipping projects with an AI prefix.
You can find a more detailed analysis of my thoughts on purchasing this token in the "Buy" category...
Source: fetch.ai; docs.fetch.ai; r/FetchAI_Community; statista.com. Show Less
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