Bitget invests in Fetch.ai amid popularity of AI sector
Bitget invests in Fetch.ai amid popularity of AI sector
Cryptocurrency exchange Bitget announced that it will invest $10 million in artificial intelligence and machine learning developer Fetch.ai.
The cryptocurrency exchange's decision to partner with Fetch.ai is based on the huge potential of projects that combine artificial intelligence (AI) and crypto technology.
According to the Finance Magnates portal, Bitget intends to provide Fetch.ai with a range of services, including marketing advice and strategic direction, to help bring AI development to the attention of the community and potential business partners.
The cryptocurrency exchange is also promoting the placement of Fetch.ai ecosystem tokens on its Bitget Launchpad platform.
Fetch.ai is an open access network for the development of blockchain solutions based on machine learning and artificial intelligence algorithms. The platform provides developers with the tools they need to create autonomous agents that optimize smart homes, supply chains, transportation and other industries. The Fetch.ai FET native token is used to pay network commissions and validator fees.
Bitget was founded in 2018 and targets merchants of all levels. The company is licensed in four jurisdictions. Also, the exchange has its own trading platform, and its users can trade through both a web platform and a mobile app.
Earlier, it was reported that Bitget had launched a new platform in Hong Kong.
