{"id":288020,"date":"2023-01-12T17:10:30","date_gmt":"2023-01-12T17:10:30","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=288020"},"modified":"2023-01-20T15:57:18","modified_gmt":"2023-01-20T15:57:18","slug":"fet-becomes-reserve-asset-for-binance-as-ai-token-popularity-rises","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/fet-becomes-reserve-asset-for-binance-as-ai-token-popularity-rises\/","title":{"rendered":"FET becomes reserve asset for Binance as AI token popularity rises"},"content":{"rendered":"

Fetch.ai (FET<\/a>)has become a listed token on Proof of Reserves (PoR) for several exchanges, including Binance, Huobi and Bitfinex, according to Glassnode data.<\/p>\n

Artificial Intelligence (AI) token<\/a> popularity surged over the last three months \u2014 leading to significant increases in AI token price and active addresses, according to\u00a0CryptoSlate\u00a0<\/em>data.<\/p>\n

Fetch.ai<\/h2>\n

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.<\/p>\n

FET posted a 1.24% increase in price over the last 24 hours, but real growth can be observed over the last seven days \u2014 where FET price pumped 80.89%.<\/p>\n

\"Fetch.ai:
Fetch.ai: Total Transfer Volume [USD] (Source: Glassnode.com)<\/figcaption><\/figure>FET popularity \u2014 amongst other AI coins \u2014 saw the transfer volume (USD) of FET break out as it approached $20 million.<\/p>\n

Binance FET Proof of Reserves<\/h2>\n
\"Fetch.ai:
Fetch.ai: Proof of Reserves [FET] – Binance (Source: Glassnode.com)<\/figcaption><\/figure>\n

Huobi FET Proof of Reserves<\/h2>\n
\"Fetch.ai:
Fetch.ai: Proof of Reserves [FET] – Huobi (Source: Glassnode.com)<\/figcaption><\/figure>\n

Bitfinex FET Proof of Reserves<\/h2>\n
\"Fetch.ai:
Fetch.ai: Proof of Reserves [FET] – Bitfinex (Source: Glassnode.com)<\/figcaption><\/figure>\n

Ocean Protocol<\/h2>\n

The AI-infused data-sharing blockchain Ocean Protocol<\/a> (OCEAN) saw the number of active addresses spike three times since November 2022, according to Glassnode data.<\/p>\n

\"Ocean
Ocean Protocol: Number of active addresses (Source: Glassnode.com)<\/figcaption><\/figure>\n

OCEAN<\/a> outflows exceeded $2.5 million in withdrawals over a 30-day period \u2014 beginning in mid-November 2022 and ramping up into mid-December 2022 \u2014 according to Glassnode data.<\/p>\n

\"Ocean
Ocean Protocol: Exchange Net Position Change [USD] – All Exchanges (Source: Glassnode.com)<\/figcaption><\/figure>OCEAN price fell 4.67% over the last 24 hours to $0.217 from $0.209 but remains up 23.41% over the last seven days.<\/p>\n

OCEAN saw significant gains in active addresses and price in the month leading up to 2023 but is \u2014 as of press time \u2014 now dethroned as the highest AI token market cap by FET.<\/p>\n

AI revolution<\/h2>\n

The AI cryptocurrency sector posted steady but significant gains through December 2022, setting the foundations for 2023.<\/p>\n

With the introduction of the AI-powered selfie editor Lensa and the prototype chatbot ChatGPT, AI quickly became a viral sensation<\/a> across social media \u2014 tested by over one million users in early December 2022.<\/p>\n

Witnessing faster uptake than Netflix, Meta, and Instagram, ChatGPT began as a fun conversation simulator but quickly evolved.<\/p>\n

Capabilities for coding, debugging, health advice, marketing, assistant task, and more were demonstrated \u2014 stimulating both AI tokens growth and general public interest in the AI sector.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Fetch.ai (FET)has become a listed token on Proof of Reserves (PoR) for several exchanges, including Binance, Huobi and Bitfinex, according to Glassnode data. Artificial Intelligence (AI) token popularity surged over the last three months \u2014 leading to significant increases in AI token price and active addresses, according to\u00a0CryptoSlate\u00a0data. Fetch.ai FET is a decentralized digital representation […]<\/p>\n","protected":false},"author":1398,"featured_media":288429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,78326,120,77968,76736],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nFET becomes reserve asset for Binance as AI token popularity rises<\/title>\n<meta name=\"description\" content=\"AI sector surge in popularity as FET token becomes Proof of Reserve asset for Binance, Huobi and Bitfinex.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/fet-becomes-reserve-asset-for-binance-as-ai-token-popularity-rises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FET becomes 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