Bosch and Fetch.ai launch Fetch.ai Foundation to harness Web3 technology

Bosch and Fetch.ai have just announced the launch of their joint venture, Fetch.AI Foundation, with a mission to research, implement and leverage Web3 technology for use cases in mobility, industrialization, and consumer products. The Fetch.ai Foundation will be built upon transparency, openness, neutrality, and data sovereignty.

Timeline of Fetch

One of the leading AI crypto token projects Fetch AI and German engineering and technology giant Bosch announced a new partnership today, sending the FET price soaring by 12%. The partnership is about a new Web3 foundation, the Fetch.ai Foundation.

One of the leading artificial intelligence crypto projects is soaring due to a new partnership with electronics giant Bosch. The team behind the Ethereum-based altcoin project Fetch.ai (FET) says the two will work together to boost development of industrial applications based on AI and Web3 technologies.

Fetch.ai, a blockchain-based artificial intelligence (AI) and machine learning platform, has partnered with engineering and technology leader Bosch to form a Web3 foundation — Fetch.ai Foundation. The Fetch.ai Foundation will research and develop Web3 technology for real-world use cases in the mobility, industrial, and consumer industries.

A recent report found that the artificial intelligence (AI) market is estimated to grow at a Compound Annual Growth Rate (CAGR) of about 22.26 percent between 2022 and 2027. Reportedly, the size of the AI market is forecasted to increase by approximately $125.3 billion.

One of the largest Polygon (MATIC) and Shiba Inu (SHIB) whales on record is now accumulating a pair of Ethereum-based altcoin projects. The whale in question holds the keys to the 94th-largest Ethereum (ETH) wallet on record, worth about $132,163,000 at time of publishing. The whale's top holdings include $22.9 million of Ethereum (ETH), $21.

A slide in cryptocurrencies also sent many AI & Big Data Tokens toward the bloodbath. The Graph, the largest AI token by market capitalization, sank as much as 13.65 percent in the past 24 hours and was trading at $0.1519.

AI-based tokens have been on the rise since the beginning of 2023. Fetch.ai's price has surged massively along with other tokens like SingularityNET (AGIX), The Graph Token (GRT), and Ocean Protocol (OCEAN), etc, and many more.

Top AI Coins Price Analysis: The term AI(Artificial intelligence) has been buzzing around the world and crypto market since the launch of ChatGPT, which is a chatbot developed by OpenAI. Thus, with a massive surge in popularity, the cryptocurrencies associated with this AI technology recorded significant gains despite the uncertain market sentiment.

Fetch.ai and other AI-linked tokens have been soaring alongside the ChatGPT-driven artificial intelligence narrative. As a result FETUSD rallied more than 1,000% from lows and Google scrambled to launch its competitor called Bard.

Since its advent, the crypto market has witnessed multiple ups and downs and attracted investors to jump on this bandwagon. However, the latest trend that has shaken up the crypto space is the integration of artificial intelligence with the crypto market, leaving many investors questioning its future potential and market dominance.