Fetch AI (FET) Soars 12% On Partnership With German Tech Giant

Name	Symbol	Market	Market Cap ($)	Algorithm
Fetch	FETUSD	Crypto	2,420,833,708	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Fetch

FETUSD

Crypto

2,420,833,708

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.130	-5.31%	2.32	2.32	2.32

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.130

-5.31%

2.32

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2.64	2.29	2.47	2.45	0.161000 - 3.55

High Price

Low Price

Open Price

Prev. Close

52 Week Range

2.64

2.29

2.47

2.45

0.161000 - 3.55

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:37:55	21.20	2.32	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:37:55

21.20

2.32

USD

Price x Volume	Volume	Base Symbol	Related Pairs
42,598,899.37	17,214,759.91	FET	FETEUR	FETGBP	FETBTC

Price x Volume

Volume

Base Symbol

Related Pairs

42,598,899.37

17,214,759.91

Fetch AI (FET) Soars 12% On Partnership With German Tech Giant

21/02/2023 2:30pm

NEWSBTC

One of the leading AI crypto token projects Fetch AI and German engineering and technology giant Bosch announced a new partnership today, sending the FET price soaring by 12%. The partnership is about a new Web3 foundation, the Fetch.ai Foundation. The goal is to research, develop and harness Web3 technology for real-world use cases that will span the mobility, industrial and consumer sectors, according to a press release. While Bosch and Fetch AI will initially co-chair the foundation’s board of directors, the long-term goal is to make the foundation and its ecosystem independent by adding new participants to the board. In basic principle, the Fetch.ai Foundation is modeled on the Linux Foundation. This means that the foundation will be based on the fundamental principles of transparency, openness, neutrality, and data and technology sovereignty. It will also have a three-tier governance structure to foster decentralized innovation at scale: An important design goal for the foundation is to achieve technology pooling such that it can survive independent of the individual foundation participant’s engagement, […]. The Foundation will optimize the degree of influence […] based on active contribution […] that can be assessed in terms of parameters such as provided liquidity, IP, code, and usage. Related Reading: Crypto Whales Take Fetch.AI Bait Of 135 Million FET Tokens As AI Ecosystem Expands Peter Busch, chairman of the Fetch.ai Foundation for Bosch said that Bosch, as one of the world’s leading providers of industrial technology and mobility solutions, sees a tremendous need for smarter technologies and better governance: In combining disrupting Web3, AI and open source technologies with the proven world class hardware and software capabilities of the classic engineering corporations, this foundation is the perfect endeavor at the right time – this gets even more exciting the more other partners will join! Fetch AI Token Price Soars By 12% The establishment of the new foundation comes at a time when the hype around AI tokens has declined somewhat. Fetch AI (FET) hit its yearly high on February 10 at $0.6078 and has seen a consolidation phase since then. Related Reading: AI Crypto Fetch.ai Shoots Up 250%, Catches More Investors’ Attention The high marked a year-to-date performance of a whopping 540% which made a consolidation phase more than necessary. But the news seems to have brought the Fetch AI bulls back to life. In order to break out of the sideways trend of the past two weeks, the FET price needs to break above the $0.48 level. At the time of writing, FET was trading at $0.4831, just above key resistance. Should the price be able to breach the resistance substantially to the upside, the FET bulls’ next target will be the yearly high around $0.60. Featured image from MEXC Blog, Chart from TradingView.com

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