Fetch.ai has proposed funding an AI-focused NFT marketplace on its network, aimed at both AI-generated content and AI models for access and distribution using NFTs. The proposal, launched by partner AzoyaLabs, has a poll underway to approve community funding for the initiative. The NFT marketplace could increase gas usage on the network and boost network activity, as well as increasing funds for future projects. Despite a decline in NFT metrics for Fetch.ai, on-chain metrics are looking bullish, with FET's exchange outflow spiking and top addresses increasing their holdings. FET's social volume and network growth are also on an upward trajectory.

(By Dipayan Mitra)