According to a survey that was published recently, the market for artificial intelligence (AI) is anticipated to expand at a Compound Annual Growth Rate (CAGR) of approximately 22.26% between the years 2022 and 2027. Additionally, various market reports suggest the total size of the artificial intelligence market to rise by roughly $125.3 billion. Blockchain technology, on the other hand, is anticipated to play a crucial role in adopting and leveraging AI, for its decentralized applications (DApp), as these blockchain-based projects smoothly integrate the technology into their own smart contracts. Among the few noted AI-based crypto projects, Fetch.AI (FET) has shaken up the crypto market with its exponential surge in price recorded over the past few months as a result of the ongoing hype.
AI Token FET’s New Roadmap
The team behind Fetch recently released a roadmap that outlines key milestones which the crypto project aims to cover by the year end. These objectives span a variety of domains, including developments in their ledger, AI, notifications, agents and wallet. According to the official announcement, the team’s initial focus starts with releasing a series of micro-agents — a branch of AI on which Fetch.AI is built — and integrating them into the wallet.
The roadmap also showcases a series of upgrades planned for their crypto wallet. These improvements include support for group messages, voting on governance proposals, support for NFT collections, AI support and the key introduction of in-wallet support for staking. In addition, there is also a planned release of a Mobile-version of the wallet with Web 2 SSO support.
📢 We appreciate the patience, but the wait for the 2023 roadmap is officially over! 🎉
Take a look at our plans to continue innovating the #web3 spaces with real-world solutions and beyond! 🛠️
— Fetch.ai (@Fetch_ai) March 4, 2023
Fetch Raises The Bar For AI
There are also plans to re-introduce a platform for notifications and alerts, which will subsequently be followed by the release of a mobile application. Fetch is additionally planning to launch a marketplace in relation to their micro-agents, but it will be unveiled as an MVP (Minimum Viable Product) in the initial stage.
This has led many in the crypto community to speculate on an additional price boost for the AI crypto token, despite the fact that it has already increased by a factor of 100 in recent times. Fetch in its roadmap, however, has categorically highlighted the fact that since deep tech planning involves “equal parts science and art”, the objectives that have been planned are subject to change and/or pivot.
As things currently stand, the price of Fetch.AI (FET) is trading at $0.44 which represents an increase of 1.78% over the past one hour, in contrast to a gain of 3.89% over the last 24 hours, according to Coingape’s crypto market tracker.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.