- Fetch.ai released version 1.0.2 of its mobile wallet, introducing governance proposals, an auto-lock security feature,
- FET token saw a 9.51% increase, trading at $1.26 with a market cap of over $3 billion.
Fetch.ai has rolled out version 1.0.2 of its mobile wallet, bringing new features aimed at improving user engagement and security. The update was announced on the X platform and now features governance proposals, auto-lock security, and new brand identity of the company after its merger with the ASI Alliance, SingularityNET, and Ocean Protocol.
We are happy to announce a new #update for the https://t.co/kJ9URVpOul Wallet: v1.0.2 🚀
This update introduces governance features, auto-lock, and new branding from our recent merger with @SingularityNET and @oceanprotocol into the @ASI_Alliance 🤝
What you need to know:👇
— Fetch.ai (@Fetch_ai) September 9, 2024
One of the new features included in the new version is the ‘governance proposals,’ where the users of the platform are allowed to make decisions concerning the platform through voting. It also allows users to track the proposal history, which enhances the aspect of accountability and transparency. It is part of the Fetch. ai’s strategy is to increase user engagement in the platform and make sure that the users are informed about the decisions made within the network.
Auto-Lock Feature Enhances Wallet Security
The update also brought some security improvements, including the auto-lock feature. This feature can automatically lock the wallet if there is no activity for a certain amount of time, thus enhancing the security of the users’ digital assets. The addition highlights Fetch. ai’s ongoing commitment to providing a seamless user experience while implementing robust security measures.
The update also brings a new brand image to the Fetch. ai wallet, reflecting its merger with SingularityNET and Ocean Protocol under the ASI Alliance. This rebranding is strategic in that it is a way of integrating and harmonizing the platforms and their services under the ASI umbrella. The alliance combines the strengths of artificial intelligence and decentralized finance to improve the overall system.
FET Token Shows Positive Market Performance
At the time of the update, Fetch.ai’s native token, FET, was trading at $1.26, marking a 9.51% increase. The token boasts a market capitalization of over $3.1 billion, with trading volume surging by 72% in the last 24 hours. This rise in both market cap and trading volume signals growing investor confidence, likely spurred by the platform’s consistent development efforts.
FET has seen a notable rise in significant transactions. Over the past two weeks, transactions involving amounts exceeding $100,000 have totaled over $191 million, indicating a slight upward trend. The distribution of wallets holding FET further supports this optimistic outlook, with 60% of all holders being active for the past 1-12 months.
Besides the wallet update, Fetch. ai has recently launched a $10 million innovation lab for AI startups. The lab aims to provide the tools, guidance, and resources that early-stage AI companies need to advance from ideas to viable products. These are some of the programs that Fetch. ai has been implemented as part of its overall mission to encourage developments in both AI and blockchain.
The autonomous AI agents market is forecast to grow significantly in the coming decade, with projections estimating it to reach $88.1 billion by 2032. Fetch.ai’s funding initiative is aimed at bridging the gap between research and market by supporting projects that deliver concrete advancements in AI agents technology.
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