Autonomous AI Agents on Blockchain: Discover Fetch.ai (FET)

Why is Fetch.ai Revolutionary?

In a landscape where artificial intelligence is concentrated in a few giant corporations, Fetch.ai emerges as a solution that democratizes access to AI technology. It is a layer 1 blockchain network that combines two transformative forces: AI-powered autonomous agents and decentralization.

The vision is clear: enable anyone, without needing to be an engineer or have millions in resources, to create, deploy, and monetize artificial intelligence applications. This represents a fundamental shift in how we understand AI within the decentralized ecosystem.

The Technology Behind FET

Fetch.ai operates as a protocol built with the Cosmos SDK and WASM language. Its architecture rests on three fundamental pillars:

Agents: Autonomous entities that perform specific tasks. A developer can create an agent to carry out a particular job, or configure it to interact with other agents and expand its capabilities. They can be public or private depending on needs.

Agentverse: A cloud platform where these agents are deployed and registered. Its importance lies in eliminating the need for expensive hardware to run AI applications, democratizing operational costs.

The AI Engine: A large language model (LLM) that interprets user instructions and executes the corresponding actions. This engine is intelligent: it can route a task to a single agent or coordinate multiple agents if complexity requires.

Origins and Significant Milestone

Fetch.ai was founded in 2017 by Humayun Sheikh, Toby Simpson, and Thomas Hain from Cambridge, United Kingdom. The platform was officially launched in 2019, but a crucial moment arrived in February 2022: the Fetch.ai mainnet went live with FET as its native token.

Before this, after a successful funding round in 2019, FET was born as an ERC-20 token on Ethereum. Over time, the network gained significant traction: in March 2023, it raised $40 millions led by DWF Labs, reaching a valuation of $250 millions.

Practical Applications Transforming Industries

Fetch.ai’s capabilities go beyond theory. Real implementations already exist:

• Resonate.social: A decentralized social network that uses AI to filter and eliminate malicious content, maintaining a cleaner space.
• AXIM: A platform specialized in data processing. Users upload information and apply machine learning algorithms to extract powerful insights.
• Medical Applications: During the COVID-19 pandemic, Fetch.ai models detected diseases through X-rays with 90% accuracy. Additionally, it partnered with the Poznan Supercomputing and Networking Center to develop early detection systems for cancer cells.

Strategic Partnerships

Fetch.ai’s partnerships demonstrate its relevance:

Bosch: The Fetch.ai Foundation collaborated with Bosch to explore AI and Web3 solutions that optimize industrial processes, generating significant savings.

Deutsche Telekom: As Europe’s largest telecommunications provider, its subsidiary MMS actively participates as a network validator.

IOTA: Partnered with this decentralized IoT platform to enable granular data control, reduce dependencies on centralized systems, and monetize anonymous data.

FET Tokenomics: Distribution Details

FET is the utility token that grants access to the entire network. Initially, $7.05 million was raised in September 2018 (private sale) and another $6 millions in March 2019 (IEO).

The maximum supply of FET was set at 1,150 million tokens. According to updated data as of January 2026:

• Current Price: $0.27
• 24h Change: -5.49%
• 24h Volume: $2.56M
• Circulating Market Cap: $628.13M
• Tokens in Circulation: 2,302,538,328
• Total Supply: 2,714,384,547
• Max Supply: 2,719,493,897

The original distribution allocated 40% to the Fetch.ai Foundation and founders, 17.6% through token sales, 22.4% reserved for future launches and mining, and 10% for advisors.

FET has multiple utilities: paying network fees, deploying AI models, and accessing advanced services. As a Proof of Stake (PoS) blockchain, holders can stake their FET to secure the network and earn rewards, as well as participate in governance.

Platform Strengths

• Permissionless access: anyone can start without complicated registration or deep technical knowledge
• True decentralization: counterbalance to power concentration in traditional AI corporations
• Intelligent automation: agents can optimize complex tasks
• Collective learning: the CoLearn protocol allows agents to collaborate and learn from each other, creating fairer ecosystems

Current Challenges

Despite its strengths, Fetch.ai faces limitations:

• While simplifying AI, it still requires some prior knowledge and programming skills to deploy custom agents
• Real use cases, though promising, are still in development compared to established platforms
• As a crypto project, it is subject to regulatory changes that could impact its operation

How to Acquire FET

FET is available on most major exchanges. To buy:

1. Register on a trusted cryptocurrency trading platform
2. Complete identity verification
3. Deposit USDT or another stablecoin, or buy directly through fiat payment methods
4. Search for the FET/USDT trading pair in the spot trading section
5. Place a limit order (set the price) or a market order (at the current price)
6. Once confirmed, FET tokens will arrive in your wallet

Final Reflection

Decentralized artificial intelligence is not just a trend; it is a necessity. With FET and Fetch.ai, tools emerge that allow developers, small businesses, and individual creators to participate in the AI revolution without relying on corporate giants.

As AI integrates into more industries and sectors, the central question is: who controls this technology? Fetch.ai offers a different answer, putting power into the hands of the community through autonomous agents that work together, learn collectively, and transform complex real-world tasks into accessible and transparent solutions.