Cambridge-based tech startup Fetch.ai has successfully completed its Catalyst sale using Bitfinex Token Sales Inc. (BTS) technology.
Fetch.ai has built an open access, tokenized, decentralized machine learning network to enable smart infrastructure built around a decentralized digital economy. Its network is based around an open-source technology that any user can run to connect to the network, giving access to the power of AI on a world-scale secure dataset, to carry out complex coordination tasks in the modern economy. One of the company’s key tools is a set of autonomous software agents that provide AI services, connecting suppliers and consumers of raw and processed data.
“Fetch.AI’s decentralized infrastructure utilizes algorithms to enable autonomous software agents,” Fetch.ai said. “Through Fetch.ai’s technology, agents can be built, customized, and trained to securely acquire, analyze, and broker the exchange of digital data between constituents within supply chains, IoT, healthcare, transportation, and commodities industries. FET tokens act as the currency of the network and allow agents to buy and sell data access ledger-based AI/ML algorithms, and participate in the Fetch.AI digital world with a frictionless transaction process.”
The Catalyst sale, which used Bitfinex Token Sales Inc. technology that offers high-quality crypto projects a plug and play token sale technology platform to simplify the token sale process, commenced on August 27 and sold 1.9 million FET tokens in 14 seconds.
“We are overwhelmed by the support from our community and the response to our Catalyst sale,” said Humayun Sheikh, CEO of Fetch.ai. “The success of the Fetch.ai Catalyst Sale indicates a growing interest amongst new and existing users in an interconnected economy, and the intersection of AI and blockchain technologies.”
Paolo Ardoino, CTO of Bitfinex Token Sales Inc., said that they are thrilled to see such a positive response to Catalyst sales.
“The BTS technology seamlessly facilitated the handling of technical and administrative aspects of the Fetch.ai Catalyst sale and this helped Fetch to acquire new users and grow their community,” Ardoino said.
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