Fetch.AI CEO: Will Buy Back $50 Million Worth of FET from the Open Market

BlockBeats News, on June 19, Fetch.AI CEO Humayun Sheikh posted on social media: "With the increasing adoption of the ASI1 and Fetch.AI's agent-based platform, the team has observed a steady rise in the utility of FET. I believe FET is undervalued, and I am pleased to announce that, with the support of Fetch.AI's market makers, the Fetch Foundation will be repurchasing $50 million worth of FET tokens from the markets across multiple trading platforms."