Fetch.ai’s Agentverse: A Review of the Virtual Hub
24 Apr 2023
2 min read
Fetch.ai’s Agentverse is a virtual hub designed to help users engage with Fetch.ai’s autonomous agent technology. This technology can act on your behalf, for example, to learn, predict and transact autonomously, which can be leveraged in various contexts such as chatbot development, industrial process automation, DeFi, and much more.
On April 19th, Fetch.ai announced the development of a new suite of agent-based trading tools for decentralized exchanges.
With Fetch.ai's new DeFi trading tools, users will be able to interact transparently with each other in a peer-to-peer manner, powered by automated software agents operating independently to execute the trading strategies of their owners. The platform uses machine learning algorithms to analyze market conditions and execute trades based on user-defined parameters, such as maximum slippage and price impact.
Using Fetch.ai's AI-powered software agents, users can directly link buyers and sellers, allowing them to trade using their smart contracts. The absence of liquidity pools eliminates the possibility of honeypots for hackers, as well as the potential for rugpulls which continue to be a massive threat to the Web3 ecosystem.
Fetch.ai's agent-based trading tools are slated to launch in Q2 of 2023
Besides Agentverse, Fetch.ai is developing Fetch.ai Wallet. This wallet takes digital asset management to the next level with automated IBC transfers and asset sending automation.
Integration of GPT-3.5 within the wallet provides instant help on a command. You can ask it about wallet functions, project fundamentals, or the broader Fetch.ai ecosystem. This feature ensures you now have 24/7 access to tech support to help optimize your UX.
Overall, Fetch.ai has the potential to revolutionize the area of crypto with powerful AI tools that use machine learning algorithms to adapt to changing conditions, making them highly flexible and responsive.