FET has had a notable price surge following key updates shared by their team. These updates include improvements to the Fetch.ai wallet and new features stemming from a merger with SingularityNET and Ocean Protocol into the Artificial Superintelligence (ASI) Alliance.
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New Branding and Governance Features Introduced
In a recent tweet, Fetch.ai announced a series of updates to its wallet, including a rebranding effort following its merger with SingularityNET and Ocean Protocol under the ASI Alliance.
The Fetch.ai wallet has integrated a new “Governance Proposal” feature, allowing users to actively vote on governance proposals, including those initiated by the ASI Alliance.
Users can also track the history and current status of these proposals, as well as review detailed historical activity related to governance. These additions aim to enhance user participation in the governance process, providing a more interactive experience within the Fetch.ai ecosystem.
Enhanced Privacy and Transaction Management
Another key improvement highlighted in the update is the introduction of an auto-lock feature to the Fetch.ai wallet. This security feature automatically locks the wallet when minimized or closed, safeguarding user assets in the event of unauthorized access to the device.
Additionally, Fetch.ai addressed previous issues with stability and performance by resolving random crashes on iOS devices and app-hanging problems, enhancing the user experience.
Fetch.ai has also added custom nonce management to assist users managing multiple transactions simultaneously. This feature ensures that transactions are queued efficiently, even during network delays, providing uninterrupted service for users dealing with high transaction volumes.
Dynamic Currency Support and Improved Accessibility
The Fetch.ai wallet now includes dynamic currency support, which enables users to view wallet information in their preferred currency. This addition makes the wallet more accessible to global users by allowing them to track asset values and perform transactions in various currencies.
Furthermore, graph pricing has been integrated to provide real-time data based on the selected currency, offering a more intuitive interface for users across different regions.
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FET Price Reaction to the Updates
Following the rollout of these updates, the market responded positively, with the price of FET witnessing an uptick. Per CoinGecko’s data, FET is trading at $1.30, reflecting a 11% increase in the last 24 hours, with trading volumes reaching over $354 million.
This growth aligns with the broader positive sentiment surrounding the updates, particularly as the ASI Alliance’s integration fuels optimism about Fetch.ai’s future prospects.
These recent developments underscore the Fetch.ai team’s commitment to improving user experience, security, and participation in decentralized governance.
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