What is FET? Discover the platform for decentralized AI agents

FET is a cryptocurrency designed to power a blockchain system where autonomous agents operated by artificial intelligence are managed. Fetch.ai, the platform behind this token, enables developers to build, deploy, and profit from intelligent applications without requiring extensive technical knowledge. In a context where AI technology is increasingly concentrated in the hands of a few large companies, FET and Fetch.ai emerge as open alternatives to democratize access to this technology.

What does Fetch.ai enable?

Fetch.ai functions as an open-source machine learning system where autonomous agents can handle complex digital tasks. Instead of relying on centralized servers to run AI models (which can be very costly), Fetch.ai distributes this workload across a network of blockchain nodes. Each node can run one or more agents—small, specialized tools that act as automated assistants.

Users can request these agents to complete specific tasks—from planning travel arrangements to real-time flight tracking. The system can understand the context of requests, break them down into individual steps, and route the work to the most suitable agents. This means FET is not just a token but a means of access to an entire ecosystem of distributed AI services.

How do AI agents operate on FET?

Fetch.ai is built on the Cosmos SDK and uses the WASM programming language, creating a relatively independent Layer-1 blockchain. The platform consists of three main components working together:

First are the agents. These are software tools capable of interacting with each other or with external applications. Developers can create custom agents to handle specific tasks or combine them to build more complex systems.

Second is Agentverse, a cloud-based platform that allows deployment and management of agents. It functions like an “app store” where developers can share their agents with the community. This helps reduce hardware costs for users—rather than each person needing their own server, they can utilize shared resources on Agentverse.

Third is the AI Engine, a large language model that understands input content and determines the necessary actions. It acts as a “brain” to route requests to the most appropriate agents or to coordinate multiple agents if needed.

Practical applications and strategic partners

FET has been used across various fields, from social to healthcare. Resonate.social is a decentralized social network using Fetch.ai technology to automatically filter harmful content. AXIM is an AI-assisted data processing platform that allows users to input their own data and apply machine learning algorithms to discover insights.

In healthcare, Fetch.ai models have been used during the COVID-19 pandemic to detect diseases from chest X-rays with up to 90% accuracy. Additionally, the Fetch.ai Foundation has partnered with the Poznan Supercomputing and Networking Center to develop early cancer detection technology.

Fetch.ai’s strategic partners include major names. Bosch collaborates to explore how AI and Web3 can simplify industrial processes. Deutsche Telekom, Europe’s largest telecom provider, through its subsidiary MMS, has become an validator on the Fetch.ai network. IOTA, a decentralized IoT platform, partners to enable cluster-based data management and reduce reliance on centralized systems.

Benefits and limitations of FET

The main advantage of Fetch.ai is lowering barriers to entry. Anyone can create and deploy AI applications without large infrastructure investments. The platform offers an open, transparent, and decentralized solution to the dominance of big tech companies in AI. Agents can automate complex tasks, and through the Collective Learning (CoLearn) protocol, they can learn from each other, creating a fairer system.

However, Fetch.ai also has limitations. While aiming to simplify AI, the platform still requires some foundational knowledge, especially if users want to create their own agents. Practical use cases are still limited compared to the technology’s potential. Like most crypto projects, Fetch.ai faces ongoing regulatory challenges.

FET tokenomics 2026 – What sets it apart?

FET is the native utility token of Fetch.ai, used to access the AI network and pay transaction fees. The total supply is capped at approximately 2.71 billion tokens. As of February 2026, the figures are:

• Current price: $0.16 USD
• 24h change: -2.18%
• 24h trading volume: $421.98K
• Market cap: $357.72M
• Circulating supply: 2,282,861,719 FET
• Total supply: 2,714,384,547 FET

Initially, 40% of tokens were allocated to the Fetch.ai Foundation and founders. 17.6% were sold through token sales, 22.4% reserved for future releases and mining, and 10% for advisors.

FET operates on a Proof-of-Stake (PoS) model, allowing users to stake tokens to secure the network and earn rewards. Validators can also participate in protocol governance, creating a decentralized management system.

How to get started with FET – Practical guide

As Fetch.ai has gained popularity, FET is now listed on most major exchanges. To buy FET, you should:

1. Create an account on an exchange supporting FET
2. Complete identity verification
3. Deposit funds (usually USDT or USD) into your account
4. Find the FET/USDT or FET/USD trading pair
5. Place a market or limit order according to your strategy
6. Transfer FET to your wallet for management or staking if desired

After acquiring FET, you can keep it on the exchange, transfer it to a personal wallet, or stake it to earn rewards.

Conclusion

Fetch.ai and its FET token represent a broader trend in crypto—democratizing technologies that are currently controlled by a few large entities. As AI continues to develop and become more integral to the global economy, platforms like Fetch.ai offer an alternative pathway for developers and small businesses to access this technology. While challenges remain, FET envisions a future where AI is not necessarily centralized, and individuals have the opportunity to build and benefit from this technology.