NFT EveningNFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
      • Columns
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
      • NFT Launchpad
    • Newsletter
    NFT EveningNFT Evening
    News

    Home » News » Fetch.ai $40M Funding to Accelerate AI & Blockchain Integration

    Fetch.ai $40M Funding to Accelerate AI & Blockchain Integration

    By VineetMarch 30, 2023Updated:April 4, 20232 Mins Read

    British AI startup Fetch.ai secures a $40 million funding round from DWF Labs. The company’s objective is developing a machine-to-machine ecosystem that allows developers to deploy and monetize applications using generative AI to personalize results and simplify processes. Learn more about this cutting edge tech tool below!

    image of a navy chart that says fetch.ai

    The Future Of Artificial Intelligence With Fetch.ai

    Fetch.ai is a startup that focuses on AI and blockchain technology. The startup’s technology has the potential to improve efficiency in multiple sectors. These include energy distribution, transportation, and supply chain management. Fetch.ai’s decentralized solutions offer cost-effective and efficient alternatives to current centralized systems. Additionally, the startup places emphasis on IP and technology development, with patent applications and patents issued in both the US and Europe.

    The funding from DWF Labs, an incubator linked to Digital Wave Finance, is a significant amount within the present market and comes from a single source. Fetch.ai plans to create services that leverage generative AI to convert application results into transactions. For example, instead of just receiving a list of flights and prices when inquiring about flight options through a chatbot, the results will be personalized to individual preferences. Fetch.ai also provides the tools needed to link these personalized results with ticket purchases.

    Fetch.ai’s platform already uses blockchain technology and a FET token. Furthermore, it has introduced features like the “Notyphi” notification feature. With the recent funding from DWF Labs, Fetch.ai aims to create more services, launching commercial offerings soon. According to reports, the market capitalization of Fetch.ai’s native token, FET, is currently nearly $400 million. Moreover, the price of the token is now $0.38, which is a 12.7% increase in 24 hours.

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    AI
    Previous ArticleArt Blocks Launches Creator-Friendly NFT Marketplace
    Next Article Ocean Race, Virtual Regatta & Accenture Launch Metaverse Collaboration
    Vineet
    • Website
    • Twitter

    Vineet is a storyteller based in Mumbai. Having previously worked for various web2 organizations as a journalist, instructional designer, and event manager, he got into blockchain in early 2021. As a musician by passion, he fell in love with the digital megastructures building the future of art and creativity. He believes that web3 unlocks creativity at a higher level, and works towards onboarding music projects to the space.

    More great NFT Evening content:

    What is the Crypto Market Structure Bill and How Does it Affect NFTs?

    June 5, 2023

    Digital art goes A-list: Illuminate.art showcases NFTs of Lady Gaga and Snoop Dogg’s portraits by David Christopher Lee

    June 5, 2023

    The Future of NFTs as According to Gary Vee

    June 5, 2023

    Mobox goes cross-chain with MoDragons: Unleash the power of NFT dragons on the Arbitrum chain!

    June 5, 2023
    Explore, Discover, and Impact Decentraland's Marketplace with the Upgrade

    Revamped and Ready: Decentraland Unveils Upgraded Marketplace Navigation!

    June 5, 2023
    Unleash Your Creative Potential: MakersPlace's Artist Launchpad Program is Here

    Supercharge Your Digital Art with MakersPlace’s Launchpad Program!

    June 5, 2023

    Trip.com Launches Trekki NFT: Your Passport to Extraordinary Travel Experiences!

    June 4, 2023
    FC Barcelona and Plastiks Join Forces to Create Sustainable NFTs

    FC Barcelona’s Eco-Friendly NFTs: Plastic Crisis Meet Soccer Legends

    June 4, 2023

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version