Crypto platform Bitget invests $10M in Fetch AI

Crypto derivatives trade platform Bitget allocated a big amount of money to the AI firm FetchAI.

Bitget is a digital assets trade platform. This trading platform was founded in 2018 & registered in the Seychelles. The services of this exchange are known for copy trading & derivative trading as the main service. In 2021 this exchange went under controversy after the launch of the K-pop digital currency, the Army coin. On one side, the famous K-pop boy band BTS passed a statement that they had no link with the exchange, and on the other side exchange lost its crypto license in Singapore.

Recently Bitget announced the allocation of $10 million in FetchAI, a blockchain platform that uses AI to help people automate everyday tasks like booking a parking space or a flight.

In collaboration, both of these two companies will try to improve the AI ecosystem to a perfect level. 

AI race

In Nov 2022, OpenAI launched AI tech-based auto ChatBot which grabbed huge popularity in the internet world, including the crypto sector. 

In the present time, almost every tech company is considering AI tech as the best investment for the future. Even Tesla CEO Elon Musk also established his new AI tech-focused company. However, Elon Musk is himself in the race to develop AI techs but still he is also against the high level of AI training. Many times Musk warned people that AI may threaten human civilization.

Just a month ago, the popular Proof-of-stake (PoS) blockchain network team TronDao allocated $100 million in funds only for AI tech development.

Tron founder Justin Sun confirmed that blockchain, AI, & Web3 will work together to provide a better level of experience to the crypto users under a fully decentralized medium. 

Read also: Ethereum co-founder Vogelsteller claims Hoskinson of Cardano built nothing for Ethereum