As ChatGPT Grows, Bitget Undertakes $10M For The Fetch.ai System

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Bitget

The decision coincides with an increase in demand for AI technologies like ChatGPT.

The cryptocurrency options exchange revealed on 27th April that Bitget has donated $10M for the growth of the Fetch.ai system.

The structure to create autonomous services is provided by Fetch.ai. The AI agent system, a distributed system of independent beings that can carry out a variety of activities like data processing and intricate financial modeling, is its main product. The project provides a smart purse with automation and a ChatGPT API connection as well. Only a few months after launch, the AI bots surpassed a total of 100 million in 2023 January. 

Bitget Wonders About Fetch.ai’s Scope Of Collaboration 

In his response to the vow, Bitget referred to the current AI frenzy created by the site ChatGBPT, which suggests “more prospects of this kind of equipment to enhance worker efficiency and creativity.” Concerning Fetch.ai’s scope of the collaboration, Bitget stated that it will be “giving out pieces of marketing advice” in addition to other activities to aid in the company’s business partnership growth. 

With an average daily expenditure volume of $990M, Bitget ranks as the eighth-largest cryptocurrency spot exchange in the world, according to CoinGecko. The Seychelles-based exchange provides services to more than 8M users across more than a hundred nations and regions. Bitget obtained regulatory permission to offer utility in Lithuania on April 20. The previous month, the business made a $30 million investment in BitKeep, a provider of multichain wallets, and took control of the company.

Bitget recently surfaced the news because of a survey they had conducted which revealed that across major economies, crypto is owned by about 45% of millennials. In addition, the survey revealed that 45% of the youth and 42% of Gen Z now hold cryptocurrency beyond 401(k) retirement plans.