peaq and Fetch.ai Foundation join hands to unlock new use cases

peaq recently announced entering a partnership with the Fetch.ai Foundation. The announcement was made on the official X accounts of both peaq and Fetch.ai.

The collaboration aims to unlock new use cases for every involved party. The partnership will also focus on exploring synergies throughout different industries, from energy management and smart mobility to data crowdsourcing and Web access.

The Fetch.ai Foundation is a joint initiative between Bosch and Fetch.ai to boost the Economy of Things. The $100 million foundation has been redefining industry standards for several years now. 

peaq believes that AI will become a robust tool for devices, machines, DePINs, and users. Bosch and Fetch.ai have already showcased the potential it carries at the IAA Mobility previous year.

That is why peaq is bringing its DePIN-centric L1 Blockchain to boost the Bosch x Fetch.ai collaboration. The DePIN-ready AI agents by Fetch.ai complement Bosch, the biggest sensor manufacturer, impeccably. With peaq’s addition to the equation, the trio is expected to boost several domains.

Humayun Sheikh, the founder of Fetch.ai, commended the collaboration. According to Sheikh, Fetch.ai is thrilled to welcome peaq to the Fetch.ai Foundation. This partnership shows Fetch.ai’s commitment to using Blockchain and AI for business and individual empowerment.

According to Sheik, the parties will unlock their full potential, developing a user-centric, decentralized world.

Peter Busch, Bosch’s product owner for DLT, also talked about the development. According to Busch, peaq has proven its worth as a building block for the Economy of Things industry. Everyone on the team looks forward to elevating AI-backed decentralized autonomy with Fetch.ai and peaq.

The Blockchain community has well-received the partnership, and given the stature of the involved parties, it is expected to be a massive success. 

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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