One of the leading artificial intelligence crypto projects is soaring due to a new partnership with electronics giant Bosch.
The team behind the Ethereum-based altcoin project Fetch.ai (FET) says the two will work together to boost development of industrial applications based on AI and Web3 technologies.
“Our mission is to drive the advancement of AI and Web3 technologies, with a focus on creating a collaborative ecosystem for industry participants that is poised to unlock new innovations and business opportunities.
As a transparent governing body, initiated by Fetch.ai and Bosch, we bring key industry participants together, advance research and adoption in Web3 technology, cryptography, and artificial intelligence, and advocate for the shared benefits of these technologies.”
News of the partnership sent the price of Fetch.ai’s native token FET soaring. FET is now trading at $0.48, up 13.9% in the last 24 hours.
The altcoin has been on a tear this year, alongside other AI-focused projects in the crypto space.
FET began the year at $0.09 and its current price of $0.48 represents a stunning 433% increase in 2023.
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