Bitget, a leading crypto derivative and copy trading provider, is making a wide push into artificial intelligence (AI) blockchain technology.The firm has announced a $10 million investment into Fetch.ai, a frontrunner in the advanced AI and blockchain arena. Bitget’s investment comes shortly after it allocated a total of $300 million to launch two funds dedicated to digital assets and fuel the growth of related web3 ventures.
Humayun Sheikh, Founder and CEO of Fetch.ai, acknowledged that Bitget displays an impressive understanding of blockchain’s potential and is eager to support the development of interoperable networks and emerging technologies. For their part, Bitget will be lending Fetch.ai support in the form of marketing consultations, strategic direction and listing of Fetch.ai tokens on the Bitget Launchpad platform.
Gracy Chen, Managing Director of Bitget, further noted that Bitget is looking to back projects that have real world applications, such as ChatGPT, which showcases the potential of AI to augment creativity. Other recent efforts by Bitget include the successful registration of their company in Lithuania, allowing them to offer crypto-centric services in accordance with local regulations, as well as the formation of a strategic alliance with Core DAO to create a $200 million ecosystem fund geared towards the progress of decentralized applications (DApps).
With a team of 1,200 employees and plans to expand further, Bitget clearly has the chips and a clear vision for the development of blockchain-fueled technologies. Meanwhile, Fetch.ai is a leading AI platform that enables blockchain bridging across different networks and can act as an off-chain layer for layer-one networks. Executives of both operators have expressed hope that their alliance will boost the partnerships, involvement and prospects of the Fetch.ai ecosystem in 2021.
