Fetch.ai builds the infrastructure for the "Agent Economy." It combines a Layer 1 blockchain (built on Cosmos SDK) with an AI agent framework (uAgents). This setup allows developers to deploy Autonomous Economic Agents (AEAs) that can discover each other, negotiate, and settle transactions without human intervention. Key components include the Agentverse (a SaaS platform for hosting agents) and DeltaV (an AI-based search interface that connects users to these agents).

The project has expanded from simple agent hosting to a comprehensive AI compute and coordination layer:

ASI Chain DevNet (Nov 2025): The Alliance released the ASI Chain DevNet, a new Layer 1 utilizing a BlockDAG (Directed Acyclic Graph) architecture. This upgrade is designed to support the massive throughput required for machine-to-machine micro-transactions, addressing the latency limitations of traditional blockchains for real-time AI coordination.

Fetch Compute Launch: The project deployed Fetch Compute, a $100M infrastructure initiative providing decentralized access to high-performance hardware (Nvidia H200, H100, and A100 GPUs). This platform allows developers to train complex AI models without relying on centralized cloud providers.

Agentverse Functions: The Agentverse platform was refactored to support "Functions," simplifying the developer flow. This update allows standard API interactions to be wrapped as agent services, making it easier for Web2 developers to onboard their existing applications into the AI agent economy.

The FET token (becoming ASI) serves as the fuel for the decentralized AI economy:

Compute Credits: Users who stake FET earn Compute Credits, which are required to pay for GPU usage on the Fetch Compute network.

Agent Exchange: FET is used as the medium of exchange between agents. For example, a "Travel Agent" bot pays a "Hotel Agent" bot in FET to book a reservation.

Network Security: Holders stake FET to validators to secure the ledger and participate in governance votes regarding the Alliance's roadmap.

Consensus: Proof-of-Stake (Tendermint / Cosmos SDK)

Architecture: BlockDAG (ASI Chain DevNet)

Agent Framework: uAgents (Python-based)

Core Feature: Fetch Compute (Decentralized GPU Training)

Alliance Ticker: FET (Migrating to ASI)