• Fetch.ai (FET) has become a listed token on Proof of Reserves (PoR) for several exchanges, including Binance, Huobi and Bitfinex.
• FET token has seen significant increases in price and active addresses due to the surge in Artificial Intelligence (AI) token popularity.
• FET transfer volume (USD) has broken out to approach $20 million.
The AI crypto sector has been gaining immense popularity in the past months, and has been reflected in the price and active addresses of Fetch.ai (FET). FET has recently become a listed token on Proof of Reserves (PoR) for several exchanges, including Binance, Huobi and Bitfinex, according to Glassnode data. The token has seen a significant increase in price over the last 24 hours, and an even more substantial increase over the last seven days, with a pump of 80.89%.
The rise in popularity of FET has also been reflected in its transfer volume (USD), which has broken out to approach $20 million. FET is a decentralized digital representation of the world in which autonomous software agents perform useful economic work. This involves delivering data or providing services, which are then rewarded with FET for their efforts.
Binance, Huobi and Bitfinex have all listed FET as a Proof of Reserve asset. This means that these exchanges are now able to confidently guarantee that all the FET tokens they list and trade are backed by real-world assets. This is a major step forward in ensuring the legitimacy of FET, and further increases the popularity of the AI sector.
The rise of AI tokens is indicative of the further adoption of blockchain technology in the real world. AI tokens offer an exciting new way to invest in blockchain technology, and FET is leading the way as one of the first AI tokens to become a listed Proof of Reserve asset. As more exchanges continue to list FET and other AI tokens, investors can look forward to further growth in the AI crypto sector.