![]() He obtained his first degree from the NED University of Engineering and Technology in electrical, electronics, and communication engineering. Humayun Sheikh is a well-respected cryptocurrency enthusiast who has been actively involved in the world of blockchain technology for a while. The Fetch.ai network was established by a series of professionals in the field namely Toby Simpson, Thomas Hain, and Humayun Sheikh. The platform lets subagents such as IoT devices execute tasks, some of which include providing data or service and earning tokens in exchange for the services. According to the creators of the platform, it was developed as an ERC-20 token, making it part of a multi-chain asset. The Fetch.ai system according to its design protocol is a Defi digital expression of real-life application where independent software agents are contracted to perform specific practical economic tasks. The tools provided by the system are built under open-source principles and aid the users of the platform in creating the entire ecosystem infrastructure, while also deploying commercial models. The network was developed on a system consisting of a high-throughput shared ledger system and also provides a series of smart contract advantages which allow for the deployment of artificial intelligence and machine learning solutions for the problems of decentralization in the industry. We look forward to working with both teams to take the Fetch ecosystem to its next stage of growth and development.The Fetch.ai network is a platform that is created to bridge the existing gap between devices and algorithms operating under the Internet of Things system so as to allow learning on the platform collectively. “With the Fireblocks integration, Fetch now has the necessary infrastructure to bring on institutional capital and strategic support, a moment realised and acted upon by GDA. Humayun Sheikh, CEO of Fetch.ai, said: “Fetch.ai’s integration with Fireblocks and the investment we have received from GDA group & affiliates could not have come at a more opportune time. It will be instrumental in bringing Fetch.ai’s overarching vision of its AI and Blockchain-based applications closer to commercialisation. The allocation of funds will be used for the research and development of Fetch.ai’s existing applications as well as those in the pipeline. The investment will be distributed over a period of time and will come with additional funding from interested capital partners during 2021. The allocation of funds from GDA Group & affiliates into the Fetch ecosystem paired with FET’s integration onto the Fireblocks infrastructure platform, which currently supports 200 enterprise and institutional customers, points to institutional interest in the Fetch.ai ecosystem. “We’re thrilled to offer our financial and strategic support to Fetch as they are a group that embraces this disruptive competition and is building out a solution that leverages the best of both blockchain integration and autonomous tech in real-time.” GDA’s Executive VP of Capital Markets, Karl Samsen, says: “While blockchain has been a revolutionary phenomenon in its own right, a lot of people have been conveniently ignoring the disruptive potential autonomous technologies pose to our industry. ![]() ![]() With a strong track record of both public and private partnerships including a multi-agent-based system integrated with over 700,000 hotels, and the powering of a decentralised marketplace for the global manufacturer Festo, Fetch.ai has created a network driven by cutting edge technology. The platform is powered by its native token FET, which acts as the primary medium of exchange across the Fetch.ai ecosystem and a range of applications designed by the Fetch.ai team. In conjunction with the newest injection of funds, FET, Fetch.ai’s native token, will also be added to Fireblocks’ secure wallet and infrastructure platform for institutional investments.įetch.ai provides a decentralised framework for building and customising autonomous AI agents to carry out complex coordination tasks. Fetch.ai, a Cambridge-based AI lab which is building an open-access decentralised machine learning network for smart infrastructure, has negotiated a $5 million investment into its ecosystem with Canada-based Global Digital Assets through its growth finance arm GDA Capital. ![]()
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