Bitget, a crypto exchange, has recently announced its strategic partnership with Fetch.ai and a pledge of $10 million to support the ecosystem.
In addition to this, Bitget has also launched a fund that aims to support promising startups and place them on Launchpad.
According to Bitget, there is a rising number of high-quality projects that merge AI and cryptocurrencies in the crypto industry.
Bitget’s partnership with Fetch.ai aims to support the growing project with a full range of services.
Bitget will provide guidance on marketing and other essential areas to ensure that the Fetch.ai ecosystem is well-positioned in the market and attracts the attention of potential business partners and the community.
The partnership will also offer general support for the Fetch.ai ecosystem, including an ecosystem token offering or a token sale on the Bitget Launchpad platform.
Bitget’s Managing Director, Gracie Chen, said, “We realize the value of a product when we feel it in practice.
Fetch.ai already consists of many functioning and applicable AI-based technology solutions that can have a real impact on how companies and individuals interact with each other.
This is the main reason why we decided to support this promising startup and will continue to do so by helping other projects that need support from our trust fund.
Blockchain progress is inevitable, but it can be accelerated with support, which we at Bitget are going to do.”
Fetch.ai offers infrastructure to create smart autonomous services.
Including a smart wallet with automation and GPT OpenAI API integration, a decentralized machine learning platform, and AI agent-based trading tools.
The project is based on a decentralized network of autonomous AI agents that can perform various tasks, from data analysis and forecasting to complex financial modeling.
The Fetch.ai network can act as a cross-chain bridge between blockchains and as an outer layer to any other first-layer networks.
Fetch.ai’s CEO, Humayun Sheikh, said,
“We are proud to partner with one of the world’s leading cryptocurrency derivatives exchanges in our mission to shape the new economy, and we are grateful for the generous support in this endeavor.
Like us at Fetch.ai, Bitget understands the enormous potential of blockchain technology, and with the quantum leap that artificial intelligence has made over the past few years.
The possibilities for applying blockchain to AI are endless. We look forward to collaborating in the coming years.”
The Fetch.ai ecosystem’s core value lies in its ability to support modular P2P interactions across multiple services and economic settlements.
By using decentralized machine learning algorithms, the Fetch.ai ecosystem provides its users with various innovative software solutions, supported by an integrated client library.
A quick search indexer, and a CLI tool for deploying and testing contracts.
Recently, Bitget added liquid staking derivatives as collateral for futures, updated its BGB burn mechanism, and listed the token on Bitfinex, marking yet another milestone for the growing crypto exchange.