What’s happening, in a nutshell?
peaq integrates Fetch.ai’s Microagents — a lean and mean version of its Autonomous Economic Agents (AEAs) framework. Fetch’s intelligent agents run autonomously and act in the economic interest of their owners. The integration is already live on peaq’s testnet in a first for the Polkadot ecosystem, and is coming to krest and mainnet once they go live, thereby bringing them to the Kusama ecosystem, too. Fetch’s agents will power a vast array of use cases, such as connecting smart vehicles with the optimal charging station, and pave the way to wider AI use within the Economy of Things on peaq.
Why’s it good for peaq?
AI is one of the pillars of the Economy of Things, and Fetch’s framework enables users to put AI to work for their benefit, leveraging connected devices on peaq.
How does this benefit the community?
The integration enables entrepreneurs and developers building on peaq to use Microagents for optimizing and automating various business processes in the Economy of Things. All in all, this will lead to machines providing services more efficiently for people and other machines, creating more value within the Economy of Things on the peaq network.
Are you coming to Isabella’s Valentine’s Day party? If so, you’d better not have any funny ideas about Klaus, cause Maria’s got her eyes on him.
No, this is not a setup for a sitcom episode, but a day in the life, of about two dozen AI-powered agents that researchers let loose in an idyllic digital town of Smallville. The experiment saw these agents (think of them as non-player characters in a video game) interact with one another and conduct various meaningful actions, such as turning off the stove when the breakfast is burning. So yes, hitting on Klaus might have set off the world’s first bout of AI-powered jealousy, but we’ll never know.
AI-powered agents also have a role to play beyond Smallville. In fact, Fetch.ai, an innovative platform that powers peer-to-peer applications with automation and AI, has long been working to bring them to markets and industries — the Web3 way. Fetch’s Autonomous Economic Agents (AEAs) are pieces of software running autonomously to conduct various economic activities on behalf of their owners. An AEA representing an electrical vehicle, for example, will help the owner find a charging station best fit for their criteria and will negotiate the optimal price with the AEA representing the charger, on behalf of the owner.
Now, Fetch’s Microagents, a leaner version of the AEA framework, is coming to peaq with the new integration born from the long-running cooperation within the Gaia-X 4FM moveID consortium. Entrepreneurs and developers building on peaq can now create and deploy Microagents to automate and optimize various business processes. Through peaq and its canary network krest, the integration unlocks Fetch.ai’s advanced and versatile framework for the wider Polkadot and Kusama ecosystem.
“We are thrilled to be bringing our AI and automation framework into the Polkadot and Kusama space with peaq. peaq’s vision for a Web3 Economy of Things presents an opportunity to deploy artificial intelligence (AI) and decentralized automation to solve real world problems.”
- Maria Minaricova, Business Development Director at Fetch.ai
Fetch.ai’s AI-powered agents are live on peaq
So how does this work? We believe in the show-don’t-tell approach, so here’s a small demo featuring two machines, Alice and Bob. Bob so happens to run short on tokens every now and then, and Alice, with some Fetch.ai’s magic, helps her friend out when Bob goes low:
At the initial stage, the integration is live on peaq’s testnet. Once krest, peaq’s sister chain, goes live on Kusama in the next few weeks, the integration will be live there and available for the Kusama ecosystem. It will also be live on peaq’s mainnet on Polkadot once launched. peaq mainnet is currently at its crowdloan stage, meaning you can contribute to peaq's open crowdloan to help peaq secure a parachain slot, subsequently launch its mainnet and token - and get rewarded for it. peaq and krest are built on Substrate, which means they are designed to seamlessly connect to Polkadot and Kusama respectively, enabling secure cross-chain transfers, and access to an expanding support network.
Fetch.ai’s agents can power a vast array of use cases within the peaq ecosystem. For example, Microagents can connect drivers of any kind of vehicle with the optimal parking spot fit according to the driver’s criteria. With a Microagent also representing the connected parking spot, they can take care of the payment, using peaq as the settlement layer. Other use cases can include machine learning algorithms leveraging networks of edge devices, with token rewards for all participants, or selling data from connected sensors. Ultimately, this integration can help all kinds of dApps and DePINs (Decentralized Physical Infrastructure Networks) function more efficiently and generate more value for people and machines.
“Democratizing abundance in the age of AI-powered automation is at the heart of peaq’s reason for existing in the first place. We expect AI to power more and more machines in the Economy of Things. With Fetch, we’re seeing the first example of the power of AI within the scope of the Economy of Things. Fetch is the go-to example right now of what’s possible at the intersection between Web3 and AI. This integration is a crucial step toward bringing AI-powered machines to the peaq ecosystem.”
- Leonard Dorlöchter, co-founder of peaq
"peaq presents a fantastic example of a project implementing AI technology in a way that meaningfully improves our everyday lives. More than 75% of organizations plan to deploy AI by 2024, but projects like peaq are already moving the needle at the intersection of Web3, IoT, and AI, bringing a fresh dynamic to the Polkadot ecosystem."
- Omar Elassar, Head of Ecosystem Growth & Business Development at Parity Technologies, a leading contributor to the Polkadot network
The integration expands the existing collaboration between peaq and Fetch.ai within the framework of the Gaia-X 4FM moveID project. Led by Bosch, the project brings some of the leading industry names such as Continental, Airbus, and Denso together with an array of top Web3 projects. Its mission is to build a new decentralized digital infrastructure for the future of connected mobility.
Fetch.ai provides the infrastructure for smart, autonomous services. With Fetch.ai, you can build, deploy and connect smart agents to automate web3 systems and reinvent business models. Agents can learn, predict and act to undertake meaningful tasks in the real world. Play with agent technology today and discover how to reinvent the way we live and work.
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