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Fetch.ai Seizes $40M Investment Despite Decline in AI Sector Token Performance

Fetch.ai, an AI-focused crypto protocol, has raised $40 million from market maker and investment firm DWF Labs to deploy machine-to-machine tools for greater AI integration.

“Fetch.ai’s platform provides a comprehensive solution for building and deploying peer-to-peer applications with automation and AI capabilities,” Andrei Grachev, of Fetch AI, said in a statement.

Fetch is among a handful of other AI cryptos like SingularityNET (AGIX), Graph (GRT), Ocean Protocol (OCEAN) and RLC that all advertise an ability to integrate with AI as part of its core founding principles.

(By Dorian Batycka)

Fetch.ai Fetch.ai $1.27
+3.64%
AI DWF Labs
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