{"id":420537,"date":"2022-03-23T23:05:00","date_gmt":"2022-03-23T20:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fetch-ai-fet-gains-43-after-150m-development-fund-and-cosmos-ibc-announcement\/"},"modified":"2022-03-23T23:05:00","modified_gmt":"2022-03-23T20:05:00","slug":"fetch-ai-fet-gains-43-after-150m-development-fund-and-cosmos-ibc-announcement","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fetch-ai-fet-gains-43-after-150m-development-fund-and-cosmos-ibc-announcement\/","title":{"rendered":"# Fetch.ai (FET) gains 43% after $150M development fund and Cosmos IBC announcement"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40ee7d893ff\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40ee7d893ff\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fetch-ai-fet-gains-43-after-150m-development-fund-and-cosmos-ibc-announcement\/#%E2%80%9D_Fetchai_FET_gains_43_after_150M_development_fund_and_Cosmos_IBC_announcement_%E2%80%9C\" >&#8221; Fetch.ai (FET) gains 43% after $150M development fund and Cosmos IBC announcement &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/fetch-ai-fet-gains-43-after-150m-development-fund-and-cosmos-ibc-announcement\/#Fetchai_launches_a_150_million_development_fund\" >Fetch.ai launches a $150 million development fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/fetch-ai-fet-gains-43-after-150m-development-fund-and-cosmos-ibc-announcement\/#Deeper_integration_with_Cosmos\" >Deeper integration with Cosmos<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/fetch-ai-fet-gains-43-after-150m-development-fund-and-cosmos-ibc-announcement\/#A_renewed_marketing_push\" >A renewed marketing push<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Fetchai_FET_gains_43_after_150M_development_fund_and_Cosmos_IBC_announcement_%E2%80%9C\"><\/span>&#8221; Fetch.ai (FET) gains 43% after $150M development fund and Cosmos IBC announcement &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Development across the cryptocurrency ecosystem continues to move forward despite the day-to-day whipsaw price movements and this progress is furthering the public\u2019s awareness of Web3 and the value of blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.\u00a0<\/p>\n<p>One project that has been climbing the charts amidst a marketing push to develop better brand recognition is Fetch.ai, a protocol focused on building a token-based decentralized machine learning network capable of supporting the smart infrastructure being built around the digital economy.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the price of FET has climbed 43.13% over the past two days, rallying from a low of $0.322 on March 21 to an intraday high at $0.46 on March 23 as its 24-hour trading volume underwent a 5-fold increase. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/ab6ff28d-502d-4286-83f3-4c9b5d530b5a.png\"><figcaption style=\"text-align: center;\"><em>FET\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Three reasons for building interest in Fetch.ai include the launch of a $150 million development fund, plans to further integrate the project into the Cosmos ecosystem and the recent launch of a large-scale marketing campaign. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fetchai_launches_a_150_million_development_fund\"><\/span>Fetch.ai launches a $150 million development fund<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The biggest <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> to come out of the Fetch ecosystem was the March 22 launch of a $150 million ecosystem development fund in conjunction with MEXC Global, Huobi and Bybit that is aimed at attracting developers and established projects to the Fetch.ai ecosystem. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/a38d236f-cb52-4f20-a061-476938455fbd.png\"><\/figure>\n<p>Ecosystem development funds have become a popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">theme<\/a> across the cryptocurrency community as projects have found them to be a useful way to attract new projects and users to their protocols in a field that is becoming increasingly crowded and difficult to gain traction. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Deeper_integration_with_Cosmos\"><\/span>Deeper integration with Cosmos<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second major development bridging increased attention to Fetch.ai has been its ongoing integration with the Cosmos ecosystem and Interblockchain Communication Protocol.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A new governance proposal is live! <\/p>\n<p>This proposal seeks to upgrade the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Fetch_ai?ref_src=twsrc%5Etfw\">@Fetch_ai<\/a> chain to Cosmos SDK v0.45 &amp; IBC v2.2.0. With this, we can be enabled on Osmosis DEX\/allow IBC transfers between us and other chains like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/osmosiszone?ref_src=twsrc%5Etfw\">@osmosiszone<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cosmos?ref_src=twsrc%5Etfw\">@cosmos<\/a><\/p>\n<p>Vote now! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/eWUOE9WQdn\">https:\/\/t.co\/eWUOE9WQdn<\/a><\/p>\n<p>\u2014 Fetch.ai (@Fetch_ai) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Fetch_ai\/status\/1505962450436472833?ref_src=twsrc%5Etfw\">March 21, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Fetch officially joined the list of projects that were launching within the interoperability-focused Cosmos ecosystem in February and it is currently in the process of upgrading the Fetch.ai chain to allow IBC transfers between supported networks. <\/p>\n<p>Cosmos has been one of the most active and growing ecosystems over the past six months despite the weakness in the wider cryptocurrency market which has the potential to benefit Fetch by bringing increased token liquidity and access to a greater pool of investors. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Fetch.ai launches NFT platform for AI-generated art<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_renewed_marketing_push\"><\/span>A renewed marketing push<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The third factor helping to increase awareness of Fetch has been an increased focus on marketing the project to the wider public, including a partnership with Formula 1 driver Alex Albon. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/f201aa79-55e0-4b59-b66b-60ff39a620b5.png\"><\/figure>\n<p>On top of this Formula 1 sponsorship, marketing for Fetch has also begun to appear in highly visible areas, including digital billboards in Times Square, New York, and subway and bus terminal advertisements.<\/p>\n<p>Fetch.ai has also begun to recruit crypto influencers to help increase awareness and it has benefited from being listed on the Voyager app on March 18.<\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for FET on March 21, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/090a1691-487b-4111-868c-715ece9f29b9.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. FET price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for FET hit a high of 80 on March 21, around one hour before the price increased 42.56% over the next two days.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/fetch-ai-fet-gains-43-after-150m-development-fund-and-cosmos-ibc-announcement\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Fetch.ai (FET) gains 43% after $150M development fund and Cosmos IBC announcement &#8220; Development across the cryptocurrency ecosystem continues to move forward despite the day-to-day whipsaw price movements and this progress is furthering the public\u2019s awareness of Web3 and the value of blockchain technology.\u00a0 One project that has been climbing the charts amidst a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":420538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvZWQ5ZmExYTktZmQ4Zi00ODIxLTljZjYtZTU3YTdhZGE2N2ZkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74860,74868,105688,20093,73785],"class_list":["post-420537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-markets-pro","tag-cosmos","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=420537"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/420538"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=420537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=420537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=420537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}