Cryptocurrency derivatives exchange announced April 27 that Bitget has committed $10 million to develop the Fetch.ai ecosystem.
Fetch.ai provides the infrastructure to build autonomous services. Its core product is the Artificial Intelligence (AI) Agent Network, a decentralized network of autonomous agents that can perform tasks such as data analysis and complex financial modeling. The project also provides a smart wallet with automation and integration with OpenAI's ChatGPT API. In January 2023, only a few months after the launch of the artificial intelligence chatbot, the number of users exceeded 100 million. Commenting on the pledge, Bitget cited the recent AI hype caused by ChatGBPT, wh ich raised “more possibilities for this technology in enhancing human productivity and creativity.” Regarding the nature of the partnership with Fetch.ai, Bitget said It will “provide marketing consulting”and other services to help AI infrastructure providers expand their business partnerships.
According to CoinGecko, Bitget is currently the eighth largest crypto spot exchange in the world with a daily trading volume of $990 million. Headquartered in Seychelles, the exchange serves more than 8 million users in more than 100 countries.
On April 20, Bitget received a regulatory license to provide services in Lithuania. Last month, the company invested $30 million in multi-chain wallet provider BitKeep, becoming its controlling shareholder.
