Fetch.ai Network Onboards 40,000 New Users to its Machine Learning, AI-Powered Network

Fetch-ai Network has reportedly on-boarded 40,000 unique users and claims that it’s rapidly scaling its network usage.

Fetch-ai Network’s announcement “comes on the heels of its $150 Million Development fund with MEXC Global and ByBit.”

Fetch-ai Network’s unique technology called Autonomous Economic Agents (AEA) which are powered by artificial intelligence can “provide automation within any industry sector and can serve the needs of a single user or millions.”

These agent-based systems “provide greater flexibility, speed, and crypto-economic security than existing layer-1 solutions and represent the future of the digital economy.”

Continuing its efforts to rapidly scale its active ecosystem of Dapps and active user-base, Fetch-ai Network has on boarded 40,000 active and unique users “from Get My Slice with plans to bring millions more users soon.”

As noted in the update, Fetch-ai Network has been “actively pushing for a Web 3 driven digital economy wherein users are in control and have the granular ability to provide/revoke access to data.”

Evidenced by its existing partnerships across the enterprise ecosystem notably Bosch and Festo, Fetch-ai network is now “driven by its vision to help onboard existing Web 2.0 companies to an interconnected ecosystem of Web 3.0 Dapps within Fetch-ai Network focusing on data privacy, and smarter automation technology.”

The key to lowering the barrier of entry for non-crypto users is by “deploying Dapps which will introduce new mainstream audiences to the exciting world of Web 3.0.”

Get My Slice is considered “a pioneer in the consumer-powered data marketplace and with an active user-base of 40,000+ users, they are on the mission to help consumers control and monetize the data they create from their online activity in a secure environment.”

Fetch-ai Network will “help Get My Slice (GMS) transition away from a Web 2.0 based direct cash (FIAT) incentivization system to a free-market economy using Web 3.0 frameworks.”

Under consideration and development is the creation of a dedicated token based on Fetch-ai network tokenomics “with FET token as the underlying token used for financing user transactions and smart contract usage.”

The newly onboarded users and Fetch-ai Network community “would have the opportunity to use a dedicated data marketplace driven by Fetch-ai network tokenomics and advance its overall vision of creating an equitable ecosystem where users are incentivized fairly.”

Playing a crucial role in this onboarding of 40,000 unique users “will be the native Fetch wallet.”

Fetch-ai network is “working on improving its native wallet which it sees in the same vein for Web 3.0 as the browser is for Web 2.0 and as an important tool to attract new entrants in the space.”

Kamal Ved, Chief Product Officer of Fetch-ai Network, said:

“We are constantly looking for use cases that leverage the core tenets of Web 3.0 and give all the participants equitable control with fine grained incentivization avenues. Use cases around data sharing based rewards such as the Get My Slice product offering can benefit using the Fetch-ai Network’s Web 3.0 tech stack of blockchain, agent based automation and AI to democratize data sharing.”

With a detailed roadmap to be released very soon Get My Slice have plans “to create a more equitable platform for Web 3.0 users – this time by overhauling the Web 2.0 based data marketplace model with a more private, transparent, and fairer alternative.”

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