Artificial intelligence-focused crypto protocol Fetch_ai has raised $40 million from market maker and investment firm DwfLabs. By JamieCrawleyCD
, be it through acquiring knowledge, sharing predictions or conducting trades.
"Fetch.ai's platform provides a comprehensive solution for building and deploying peer-to-peer applications with automation and AI capabilities,” Andrei Grachev, managing partner of DWF Labs, said in the statement. The investment comes after traders started to bet on the potential of AI and crypto, following the recent rise in popularity of AI-driven chatbots such as ChatGPT and image generation software DALL-E.
The native token of Fetch.ai, FET, currently has a market cap of about $44 million, while one of its peers, SingularityNET's AGIX), has $108 million,
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