Bitget Commits $10 Million for the Development of Fetch.ai Ecosystem Amid ChatGPT Hype
Bitget, the cryptocurrency derivatives exchange, has recently announced its commitment to invest $10 million in the development of Fetch.ai ecosystem. This move comes amid a surge in popularity for artificial intelligence tools, particularly ChatGPT, which has surpassed 100 million users in January 2023.
Fetch.ai is an infrastructure provider that allows the building of autonomous services. One of its core products is the AI agent network, which is a decentralized network of autonomous agents capable of performing various tasks such as data analysis and complex financial modeling. Additionally, the project offers a smart wallet that features automation and integration with OpenAI's ChatGPT API.
Commenting on the pledge, Bitget expressed its excitement about the possibilities of this technology in improving human productivity and creativity. Furthermore, the cryptocurrency derivatives exchange stated that it would be providing consultations on marketing and other services to help Fetch.ai expand its business partnerships.
Bitget is currently the world's eighth-largest crypto spot exchange, according to CoinGecko. The exchange, which serves over 8 million users in more than 100 countries and regions, has a daily transaction volume of $990 million.
Recently, Bitget acquired a regulatory license to provide services in Lithuania. In addition, last month, the company invested $30 million in multichain wallet provider BitKeep, becoming its controlling shareholder.
The commitment of Bitget to pledge such a significant amount for the development of Fetch.ai ecosystem is a testament to the growing interest and potential of artificial intelligence technologies such as ChatGPT.
