- Bitget has formed a strategic partnership with Fetch.ai, a blockchain-based AI platform, to offer full-scope services and general support for the Fetch.ai ecosystem.
- Bitget has pledged $10 million in backing to the Fetch.ai ecosystem through its dedicated fund.
- The partnership allows Bitget to expand its service offerings as a top-five crypto derivatives trading platform, benefiting from Fetch.ai’s capabilities in AI and blockchain technology.
Bitget, a prominent cryptocurrency derivative and copy trading platform, has partnered with Fetch.ai, one of the leading blockchain-based artificial intelligence (AI) platforms. Through this partnership, Bitget will provide full-scope services aimed at positioning the Fetch.ai ecosystem correctly in the market to attract community and business partner attention, including consultation on marketing and essential directions.
Bitget will provide general support for the Fetch.ai ecosystem, including listing Fetch.ai ecosystem tokens on the Bitget Launchpad platform. The partnership will see Bitget pledge $10 million to support the Fetch.ai ecosystem.
The crypto industry is seeing a growing trend in integrating AI and blockchain technology, leading to innovative solutions to improve productivity and efficiency.
Recognizing the potential of AI and the leading role of Fetch.ai in the sector, Bitget has pledged its support to this promising startup through its dedicated fund. Gracy Chen, Managing Director of Bitget, emphasized the duty of established firms to give back to startups, saying, “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.”
Fetch.ai is creating smart, autonomous services by providing multiple innovative software solutions enabled by a decentralized machine learning algorithm, an indexer for fast querying, and a CLI tool for contract deployment and testing.
The AI agent network provides a decentralized network of autonomous agents that can perform various tasks, including data analysis and prediction, to complex financial modeling. With its integrative machine learning algorithm, the Fetch.ai ecosystem can serve as an off-chain layer for other layer-1 networks and become an interchain bridge across blockchain networks on the market.
Bitget Taking Advantage of AI
The partnership is a significant step for Bitget in expanding its service offerings as a top-five crypto derivatives trading platform aiming to evolve its spot market with a broader range of tradable assets and the relaunch of Bitget Launchpad. According to Coingecko, Bitget is currently the top 8 biggest spot trading platform, having a daily transaction volume of $990 million.
Humayun Sheikh, Fetch.ai Founder, and CEO, said he is proud of being one of the biggest platforms in the world. The partnership between Bitget and Fetch.ai underscores the potential of integrating AI and blockchain technology to deliver innovative solutions while signaling the start of new creative solutions in the crypto industry.
In the crypto market, Fetch.ai became one of the top-performing altcoins in November after several companies, such as Binance, partnered with it. The popularity of AI skyrocketed after it became mainstream from Chat GPT. Since then, many tech firms like Alphabet and Microsoft have begun creating their AI in a potentially evolving world where its usage would mean becoming the standard for businesses around the globe.