Artificial intelligence and machine learning are changing the face of commerce, computing, and other technologies every day.

In its simplest form, the information that AI collects is really just data that can be used to create interpretations, and blocks are created to store and transmit data. (FET) is a Cambridge artificial intelligence lab that aims to use distributed ledger technology to create a decentralized machine learning platform capable of handling any type of data on a global scale.

Data from Cointelegraph Markets and TradingView shows that the FET price has risen 720% since the start of 2021, and this week it reached a new annual high of $ 0.40.

Partnership announcements and DeFi integration are driving the adoption
A look at the project’s Twitter feed reveals that the hype began to rise in late January when began tweeting about the Mettalex Project (MTLX), a decentralized exchange (DEX) for the ecosystem that specializes in attracting “freelancers and smart sayings”. . DeFi.

Given that DeFi is another fast-growing sector, the inclusion of FET has been followed by a significant increase in trading volume.

As part of the Mettalex launch, FET token holders were given the opportunity to place their tokens on the platform for a period of 3 months and receive 10% income, which would be paid into MTLX tokens.

Project momentum continued to gain momentum in February after several high-profile partnerships, most notably an agreement with Bosch Group to help launch a multi-functional blockchain project platform designed to activate Web 3.0.

Although the blockchain project has been in testing since October 2020, it appears that an upcoming version will be determined in mid-March based on the following tweet from the team:

The subsequent release of the project’s first native application in the app store indicates that the expansion of the ecosystem is only just beginning, and the recording of transactions and trade volumes indicates a growing interest in the AI-driven protocol.

Source: CoinTelegraph