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fetch ai news today Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

What happened to fetch AI?

Tech firm Fetch.ai has been put into administration and sold back to a consortium of its founders, the Standard has learned.

What is fetch AI & how does it work?

“Fetch.ai’s platform provides a comprehensive solution for building and deploying peer-to-peer applications with automation and AI capabilities,” said Andrei Grachev, managing partner of DWF Labs, in a statement.

Why did fetch Ai go out of business in 2023?

Advisors to the Suffolk-based business, which is the firm behind the Fetch.ai crypto token, said it “ran into financial difficulties towards the end of 2023” and appointed administrators in order “to find urgent rescue capital or to secure a sale of the shares, business and/or assets.”

Who owns fetch AI?

According to an official insolvency filing published today, Fetch.ai appointed administrators from ReSolve last week. It was subsequently bought by a consortium made up of the firm’s founders, known as Assmbl.ai, according ReSolve who said the founders put forward “the best offer.”

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