Fetch.ai cooperates with Bosch to develop Web3

German giant Bosch and artificial intelligence protocol Fetch.ai have announced a partnership to create the Fetch.ai Foundation.

Fetch.ai cooperates with Bosch to develop Web3 – FET is gaining momentum

Accordingly, the Fetch.ai Foundation will focus on researching and developing Web3, the 3rd generation of blockchain-based internet with many real-life values. At the same time, the project will be organized into three tiers, inspired by the Linux Foundation’s decentralized innovation model.

As part of the agreement, Bosch and Fetch.ai will jointly lead the new platform and expand connections to many of the big names in the industry. Fetch.ai founder Humayun Sheikh said in a statement:

β€œBosch will help us spread Web3 in the industry and encourage other companies to join this journey. Many applications will bring new business opportunities for existing tech professionals in the Fetch.ai ecosystem.”

The collaboration between Fetch.ai and Bosch comes amid a cryptocurrency market that is focusing its attention on artificial intelligence. Thanks to the partnership news, Fetch.ai’s FET token price surged to close to the $0.50 mark before returning to its current price range.

15m chart of the FET/USDT pair on Binance at 09:40 PM on Feb 21, 2023

Song according to statistics from CryptoSlatethe number of searches for the keyword AI token has been on a downward trend in the past 7 days, although before that “AI coin” used to dominate Google Trends, as Kyptos reported.

Synthetic Kyptos

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