Emerge is Joining the Fetch.ai Ecosystem as a Corporate Validator
- Product Development /
Emerge is excited to announce the launch of a corporate validator node on the newly released Fetch.ai mainnet blockchain platform, providing investors with the ability to stake their FET coins and secure the blockchain. Our team is operating and marketing the validator node in collaboration with Datarella, one of Europe’s leading blockchain solutions providers.
Fetch.ai, a Cambridge-based artificial intelligence lab, is building an open access, tokenized, decentralized machine learning network to enable smart infrastructure built around a decentralized digital economy. Fetch.ai’s network is based around open-source technology. Any user can run Fetch.ai to connect to the network, granting them access to the power of AI on a world-scale secure dataset, enabling them to fulfill complex coordination tasks in the modern economy. As a validator, Emerge will now validate transactions (blocks) and add them to the Fetch.ai blockchain.
Our validator node also allows holders of Fetch.ai’s cryptocurrency to stake their FET coins for an ongoing return. For the first two months of operation, investors can stake FET for an annualized APY of 63%, after which the annual rate of return is anticipated to eventually settle closer to 10%.
By joining the Fetch.ai community, we continue our exploration of blockchain technology in a mission to anticipate the future, and to help our clients prepare accordingly. Through our new position as a Fetch.ai corporate validator, Emerge will experiment with the innovative proof-of-stake consensus algorithm and continue its long-term research on the potential of this technology for the future of business.