Fetch.ai Partners With Bosch
Bosch Electronics and the artificial intelligence-focused crypto protocol Fetch.ai have joined forces to form the Fetch.ai Foundation.
The Fetch.ai Foundation will research and develop Web3, the third generation of the internet powered by the blockchain, technology for real-world use cases in areas such as mobility, industry, and consumers. It will have a three-tier governance structure and will be inspired by the decentralised innovation model of the Linux Foundation.
Bosch and Fetch.ai will lead the foundation’s management board, with other industry participants to be announced later.
Based on active contributions and participation from its members, the foundation aims to encourage participant growth and contributions from new participants while improving currently used technical applications.
Fetch.ai’s token has increased by 12% in the last 24 hours to nearly 5 cents, according to CoinGecko data. Requests for additional comments were not immediately responded to by Fetch.ai.
The establishment of the new foundation coincides with the popularity of artificial intelligence-focused cryptocurrencies among investors and traders.
(With inputs from Shikha Singh)
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