An altcoin from the artificial intelligence (AI) digital asset sector has outperformed most crypto markets over the past week as the project prepares new updates.
Fetch.AI (FET) is a blockchain that aims to use AI to help automate certain tasks in various business sectors.
According to crypto insights company Messari,
“Their platform allows users to build, deploy and connect smart agents to automate web3 systems and transform business models. Through their technology, users can create open services using automation and AI across industries such as supply chain, finance, travel and forecasting. Fetch Network aims to reinvent the way we live and work by empowering agents to learn, predict and perform meaningful tasks in the real world.”
At the time of writing, FET is up 69% over the past seven days, and 72% at one point after rising from $0.22 to $0.38.
FET’s price action comes as Fetch.AI gears up Edition the new DeltaV technology, a large language model (LLM) based chatbot for performing tasks.
According to Collect.AI,
“DeltaV is a new search-based AI chat interface powered by Fetch.ai’s innovative AI agent technology. It uses natural language conversations to automatically handle end-to-end tasks for the user, positioning DeltaV at the forefront of the AI economy.
The introduction of DeltaV marks the next phase of our mission to revolutionize commerce. By enabling direct engagement between businesses and customers for tasks like transportation booking, travel arrangements, cleaning agents and more, Fetch.ai promises to transform the current aggregator-dependent landscape and deliver the next generation of seamless AI-powered commerce that consumers expect today .”
FET is currently trading at $0.3709.
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