Cambridge-based Fetch.ai, a startup that helps companies build and deploy autonomous smart agents, announced on Thursday a strategic partnership with BitGet, a crypto derivatives and copy trading platform.
As part of this partnership, BitGet has pledged $10M (approximately €9.1M) in backing to the Fetch.ai ecosystem and will provide consultations on marketing and other important directions to help position the ecosystem in the market.
This partnership is a significant step for BitGet as it expands its service offerings.
The announcement comes a few weeks after Fetch.ai raised €36.69M in funding from Singapore’s DWF Labs, a technology incubator.
As a top-five crypto derivatives trading platform, BitGet is actively building its spot market with the support of a wider range of tradable assets and the relaunch of BitGet Launchpad.
With Fetch.ai’s infrastructure to build smart and autonomous services, BitGet is now in a strong position to offer its users even more innovative software solutions.
Humayun Sheikh, Fetch.ai Founder and CEO, says, “We are proud to partner with one of the world’s top crypto derivative exchanges in our mission to mould the building blocks for a new economy, and we are thankful for their generous support in this endeavor. Like us at Fetch.ai, BitGet understands the vast potential of blockchain technology, and with the quantum leap that AI has made in the past few years, the opportunities for applying blockchain to AI are limitless. We look forward to working with them in the years to come.”
Fetch.ai: What you need to know
Fetch.ai‘s AI agent network is at the core of its ecosystem, providing a decentralised network of autonomous agents that can perform a wide range of tasks.Â
The network also offers a smart wallet featuring automation and integration with OpenAI’s GPT API, a decentralised machine-learning platform, and AI agent-based trading tools.
Fetch.ai’s ability to support modular P2P interactions across multiple services and economic settlements is what makes it so valuable.
Using its decentralised machine learning algorithms, Fetch.ai provides its users with various innovative software solutions, all assisted by an integrated client library, an indexer for fast querying, and a CLI tool for contract deployment and testing.
BitGet: What you need to know
Founded in 2018, BitGet is a cryptocurrency exchange with futures trading and copy trading services as its key features.Â
Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution.
According to Coingecko, BitGet is currently a top 5 futures trading platform and a top 10 spot trading platform.
Gracy Chen, Managing Director of BitGet, says, “We know value when we see it. Fetch.ai already consists of a host of functioning and applicable technological AI solutions that can have a real impact on the way businesses and individuals interact. That is the main reason we have decided to pledge our support to this promising startup and will continue to do so as we identify others in need of assistance from our dedicated fund. Blockchain progress is unstoppable, but it can be accelerated if we lend it a helping hand, which is what we at BitGet intend to do.”
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