Featured image from MEXC Blog, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
One of the leading AI crypto token projects Fetch AI and German engineering and technology giant Bosch announced a new partnership today, sending the FET price soaring by 12%. The partnership is about a new Web3 foundation, the Fetch.ai Foundation. The goal is to research, develop and harness Web3 technology for real-world use cases that will span the mobility, industrial and consumer sectors, according to a press release. While Bosch and Fetch AI will initially co-chair the foundation’s board of directors, the long-term goal is to make the foundation and its ecosystem independent by adding new participants to the board. In basic principle, the Fetch.ai Foundation is modeled on the Linux Foundation. This means that the foundation will be based on the fundamental principles of transparency, openness, neutrality, and data and technology sovereignty. It will also have a three-tier governance structure to foster decentralized innovation at scale: An important design goal for the foundation is to achieve technology pooling such that it can survive independent of the individual foundation participant’s engagement, […]. The Foundation will optimize the degree of influence […] based on active contribution […] that can be assessed in terms of parameters such as provided liquidity, IP, code, and usage. Related Reading: Crypto Whales Take Fetch.AI Bait Of 135 Million FET Tokens As AI Ecosystem Expands Peter Busch, chairman of the Fetch.ai Foundation for Bosch said that Bosch, as one of the world’s leading providers of industrial technology and mobility solutions, sees a tremendous need for smarter technologies and better governance: In combining disrupting Web3, AI and open source technologies with the proven world class hardware and software capabilities of the classic engineering corporations, this foundation is the perfect endeavor at the right time – this gets even more exciting the more other partners will join! Fetch AI Token Price Soars By 12% The establishment of the new foundation comes at a time when the hype around AI tokens has declined somewhat. Fetch AI (FET) hit its yearly high on February 10 at $0.6078 and has seen a consolidation phase since then. Related Reading: AI Crypto Fetch.ai Shoots Up 250%, Catches More Investors\u2019 Attention The high marked a year-to-date performance of a whopping 540% which made a consolidation phase more than necessary. But the news seems to have brought the Fetch AI bulls back to life. In order to break out of the sideways trend of the past two weeks, the FET price needs to break above the $0.48 level. At the time of writing, FET was trading at $0.4831, just above key resistance. Should the price be able to breach the resistance substantially to the upside, the FET bulls’ next target will be the yearly high around $0.60. Featured image from MEXC Blog, Chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":520444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10151,6664,87565,17203],"class_list":["post-520424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai","tag-crypto","tag-fet","tag-fetch-ai"],"acf":[],"yoast_head":"\n
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Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/ktsl888.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Fetch AI (FET) Soars 12% On Partnership With German Tech Giant","url":"http:\/\/ktsl888.com\/news\/fetch-ai-fet-soars-on-partnership-german-tech-giant\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/fetch-ai-fet-soars-on-partnership-german-tech-giant\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/fetch-ai-mexc-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/fetch-ai-mexc-2.jpeg?fit=1920%2C640"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ai","crypto","fet","fetch.ai"],"dateCreated":"2023-02-21T14:30:24Z","datePublished":"2023-02-21T14:30:24Z","dateModified":"2024-06-11T14:32:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Fetch AI (FET) Soars 12% On Partnership With German Tech Giant\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/fetch-ai-fet-soars-on-partnership-german-tech-giant\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/fetch-ai-fet-soars-on-partnership-german-tech-giant\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/fetch-ai-mexc-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/fetch-ai-mexc-2.jpeg?fit=1920%2C640\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ai\",\"crypto\",\"fet\",\"fetch.ai\"],\"dateCreated\":\"2023-02-21T14:30:24Z\",\"datePublished\":\"2023-02-21T14:30:24Z\",\"dateModified\":\"2024-06-11T14:32:42Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/fetch-ai-mexc-2.jpeg?fit=1920%2C640","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/520424"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=520424"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/520424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/520444"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=520424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=520424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=520424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Fetch](\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/FETUSD_2023-02-21_13-50-56.png?resize=2957%2C1603\")