Peaq Partners with Fetch.ai and Bosch to Transform DePINs with AI Integration

The Fetch.ai Foundation announced that their RWA blockchain platform peaq is now a part of its network, joining Fetch.ai and IoT manufacturer Bosch . With expertise in decentralized physical infrastructure networks (DePINs), Peaq is set to support the foundation’s mission of driving advancements in AI and decentralization within the Economy of Things.

This partnership builds upon the successful collaboration between Fetch.ai, Bosch, and Peaq, which is nearing the launch of its mainnet. Previously, they have worked together on a project that upgraded a Bosch XDK device into an intelligent sensor hub, capable of maximizing incentives through Fetch.ai. AI Agents .

By joining the Foundation, Peaq aspires to lay the groundwork for enhanced automation driven by AI in the Economy of Things. This collaboration aims to facilitate the integration of AI Agents into real-world decentralized applications, sparking innovations in various fields such as smart mobility, energy management, and data crowdsourcing. DePINs \"peaq’s foundational network is designed for IoT applications, boasting high throughput, rapid transactions, and minimal fees necessary to compete with Web2 counterparts. These characteristics complement Fetch.ai’s focus on developing autonomous economic agents that can execute tasks, make decisions, and interact with both digital and physical realms,\" stated Leonard Dorlöchter, co-founder of Peaq, to Cryptocurrencylistings.

Utilizing AI and IoT to Strengthen DePIN

The Fetch.ai Foundation, committed to the promotion of AI and

technologies, views the partnership with Peaq as a key strategy in fostering a decentralized and user-focused environment. Together, both organizations aim to define the future of intelligent automation in the Economy of Things by nurturing innovation and accessibility in decentralized tech. Web3 Last year, Peaq, Fetch.ai, and Bosch worked on a pilot project, converting a Bosch SDK device into a cross-DePIN smart sensor hub powered by a Fetch.ai AI Agent. This initiative establishes a foundation for future collaborations among these three entities.

Builders and enterprises are set to reap the benefits from the integration of AI Agents into their platforms, enabling features like self-regulating power grids and dynamic vehicle charging markets. Furthermore, device owners will have opportunities to utilize AI Agents for optimizing their rewards by connecting across various DePINs.

"Peaq, Fetch.ai, and Bosch's long-term goals within the Fetch.ai Foundation revolve around combining their strengths in blockchain technology, AI, and IoT manufacturing to innovate automation in the Economy of Things,\" expressed Dorlöchter to Cryptocurrencylistings. \"We foresee a decentralized, efficient, and user-oriented digital ecosystem where AI agents, empowered by Fetch.ai’s capabilities, interact seamlessly with Peaq’s robust blockchain framework and Bosch’s sophisticated IoT devices.\"

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