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.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Shutterstock/Leonid studio/Sensvector
The post Ethereum-Based AI Project Soars After Announcing Partnership With Electronics Giant appeared first on The Daily Hodl.
