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According to last minute information, Fetchai (FET) received an investment of 100 million dollars.
Stating that the investment in question is related to the project called Fetch Compute, the team announced that users who sell FET as of March 7 will also be able to win some rewards.
“Fetch.ai, a leader in artificial intelligence development, announced a major infrastructure investment that secures the expansion of tools and educational capabilities available to its users and developers.
The launch of Fetch Compute is a $100 million project designed to strengthen participants' ability to build advanced applications that will deepen the foundations of the AI economy.
Fetch Compute will use Nvidia H200, H100 and A100 GPUs to create a platform that developers and users can use for computing power.
With the project, the company will provide its community with an innovative reward mechanism. Starting March 7, 2024, users who stake Fetch.ai's native coin $FET will earn Fetch Compute Credits as a reward, which they can then use to pay for GPU usage on the Fetch Compute network.”
After the news, FET price started to rise.
*This is not investment advice.