We are thrilled to announce a strategic partnership with Fetch.ai, an innovative platform that powers peer-to-peer applications with automation and AI capabilities. Our $40M investment will support the development and deployment of autonomous agents, network infrastructure, and decentralized machine learning on the Fetch.ai platform.
Fetch.ai provides comprehensive tools for builders to develop, deploy, and monetize their applications and platforms. The platform operates as an autonomous machine-to-machine ecosystem, with agents acting as a network of independent parties that interact with each other directly and store data via the blockchain network. This process eliminates the need for user input and intermediaries, reducing costs and streamlining operations. Agreements between agents are recorded on the Fetch.ai blockchain using FET, the platform's native token, which serves as the main medium of exchange for transactions and agent services.
Decentralized machine learning on Fetch.ai allows for innovative solutions that enable the development of cutting-edge technologies set to revolutionize various industries. By creating new revenue streams for stakeholders to contribute to models, Fetch.ai solves the problem of traditional federated learning, enhancing products and operations.
Andrei Grachev, the Managing Partner of DWF Labs, expressed his excitement about the partnership, stating, "Fetch.ai's platform provides a comprehensive solution for building and deploying peer-to-peer applications with automation and AI capabilities. Their technical architecture and decentralized approach to machine learning create a new paradigm for developers and entrepreneurs, and we're thrilled to support their growth and development."
Fetch.ai's CEO, Humayun Sheikh, added, "We are excited to partner with DWF Labs to accelerate the development and deployment of autonomous agents, network infrastructure, and decentralized machine learning on the Fetch.ai platform. This investment will help us advance our mission to bring automation and AI capabilities to the forefront of the decentralized technology industry."