Fetch (FET)

Fetch.ai is a decentralized Layer 1 network designed to power autonomous AI agents and machine learning applications. It enables the creation of “digital twins” — software agents that can perform tasks, access data, and execute transactions on behalf of users or organizations.

The network combines blockchain infrastructure with AI-driven economic coordination, allowing digital agents to discover services, exchange value, and automate complex workflows in a permissionless environment.

Fetch.ai was founded in the U.K. in 2017 by Humayun Sheikh, Thomas Hain, and Toby Simpson. The FET token launched in 2019.

Digital twins are autonomous software agents that represent users, devices, services, or data within the Fetch.ai ecosystem.

These agents can:

• Search and discover services
• Negotiate and execute transactions
• Access datasets
• Interact with smart contracts

FET is used to create, deploy, and interact with these digital twins, and to access AI-driven utilities across the network.

Staking rewards are paid in FET and are generated through protocol-defined emissions and network participation. Reward rates vary based on total network stake, validator performance, and protocol parameters.

Fetch.ai does not implement token burning or halving mechanisms. Token supply dynamics are governed by protocol design and governance decisions.

Yes. FET is activated instantly and there is a 21 day unbonding (withdrawal) period when unstaking. During unbonding, tokens do not earn rewards and cannot be transferred. 

Yes. FET Protocol enables slashing penalties for validator misbehavior (e.g., downtime or double-signing). Delegating to a professional validator like Figment helps reduce operational risk through robust infrastructure and monitoring systems.