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Fetch.AI’s native token, FET, has witnessed a 360% since 2023, with a notable rise from $0.6 to an all-time high of $2.84, which was partly driven by the v0.17 update in early February. As a result, FET briefly entered the list of the top 50 crypto assets market cap before sliding two positions down.
The latest rally was first fueled by the market-wide surge and was later propelled by Fetch.AI securing advanced GPUs following the $100 million infrastructure investment. As a result, FET recorded over 70% in weekly gains. Fetch.AI is a Cosmos-based crypto artificial intelligence project. It recently announced plans to invest $100 million in an infrastructure initiative known as Fetch Compute. It aims to enhance the resources, computational capacity, and training opportunities for developers while also offering GPU credits to users., Fetch Compute will integrate Nvidia H200, H100, and A100 GPUs to establish a platform accessible to developers and users for computational needs.
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