Bitget, top crypto derivatives and copy trading platform, announced that it reached a strategic partnership with Fetch.ai, a leading artificial intelligence (AI) blockchain platform, and it will be pledging $10 million in backing to the Fetch.ai ecosystem. The announcement comes as the exchange launched a massive fund aimed at supporting promising startups with subsequent listing on the native Launchpad.
The recent hype on AI kicked off by ChatGPT allows us to see more possibilities of this technology in improving human productivity and creativity. In the crypto space, there are also a growing number of
high-quality projects that combine AI and crypto. Seeing the potential of AI as well as the leading role of Fetch.ai in the sector, Bitget enters into a partnership with the Fetch.ai ecosystem in hopes of assisting the rising project with a full scope of services. Bitget will be providing consultations on marketing and other important directions to ensure that the Fetch.ai ecosystem can be properly positioned on the market to attract community and potential business partner attention. General support for the Fetch.ai ecosystem will also be provided with the listing of Fetch.ai ecosystem tokens or token sales on the Bitget Launchpad platform.
"We know value when we see it. Fetch.ai already consists of a host of functioning and applicable technological AI solutions that can have a real impact on the way businesses and individuals interact. That is the main reason we have decided to pledge our support to this promising startup and will continue to do so as we identify others in need of assistance from our dedicated fund. Blockchain progress is unstoppable, but it can be accelerated if we lend it a helping hand, which is what we at Bitget intend to do," as Gracy Chen, the Managing Director of Bitget, commented on the partnership announcement.
"We are proud to partner with one of the world's top crypto derivative exchanges in our mission to mould the building blocks for a new economy, and we are thankful for their generous support in this
endeavor. Like us at Fetch.ai, Bitget understands the vast potential of blockchain technology, and with the quantum leap that AI has made in the past few years, the opportunities of applying blockchain to AI are limitless. We look forward to working with them in the years to come," said Humayun Sheikh, Fetch.ai Founder and CEO.
Fetch.ai provides the infrastructure to build smart, autonomous services. At its core is the AI agent network, a decentralized network of autonomous agents that can perform a wide range of tasks, from data analysis and prediction to complex financial modeling. Fetch.ai also offers a smart wallet featuring automation and integration with OpenAI's GPT API, a decentralized machine-learning platform and AI agent-based trading tools.
Such harmonious heterogeneity allows the Fetch.ai network to serve as an off-chain layer for any other layer-1 networks and act as an interchain bridge across blockchain networks on the market.
The main value of the Fetch.ai ecosystem resides in its ability to support modular P2P interactions across multiple services and economic settlements. Using its decentralized machine learning algorithms, the Fetch.ai ecosystem can provide its users with various innovative software solutions, all assisted by an integrated client library, an indexer for fast querying, and a CLI tool for contract deployment and testing.
The partnership with the Fetch.ai ecosystem is an important step for Bitget in expanding its service offerings. Known as a top-five crypto derivatives trading platform, Bitget is actively building its spot market with the support of a wider range of tradable assets and the relaunch of Bitget Launchpad. According to Coingecko, Bitget is currently the 8th largest spot trading platform with a daily transaction volume of $990 million.
Established in 2018, Bitget is the world's leading cryptocurrency exchange with futures trading and
copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.
Fetch.ai provides the infrastructure to build smart, autonomous services. Builders can develop, deploy and monetize applications and platforms using Fetch.ai's AI agents, a network of autonomous independent parties that interact with each other directly via the blockchain network. Any resulting agreements between agents are then recorded on the Fetch.ai blockchain using FET.