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An altcoin from the artificial intelligence (AI) sector of digital assets has outperformed most of the crypto markets over the last week as the project readies new updates.

Fetch.AI (FET) is a blockchain that aims to use AI to help automate certain tasks in various business sectors.

According to crypto insights firm Messari,

Their platform allows users to build, deploy, and connect smart agents for automating web3 systems and transforming business models. Through their technology, users can create open services using automation and AI in various sectors such as supply chain, finance, travel, and predictions. Fetch Network aims to reinvent the way we live and work by enabling agents to learn, predict, and undertake meaningful tasks in the real world.

At time of writing, FET is up 69% in the past seven days, and at one point was up 72% after it rallied from $0.22 to $0.38.

FETs price action comes as Fetch.AI gears up to release its new DeltaV technology, a large language model (LLM)-based chatbot for performing tasks.

According to Fetch.AI,

DeltaV is a new search-based AI chat interface powered by Fetch.ais innovative AI agent technology. It leverages natural language conversations to enable it to automatically handle end-to-end tasks for the user positioning DeltaV as a frontrunner in the AI economy.

The introduction of DeltaV marks the next phase of our mission to revolutionize commerce. By enabling a direct engagement between businesses and customers for tasks like booking transportation, travel arrangements, cleaning agents, and more Fetch.ai promises to transform the current aggregator-dependent landscape and deliver the next generation of seamless AI-powered commerce that consumers expect today.

FET is currently trading for $0.3709.

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Artificial Intelligence-Focused Altcoin Rips Over 72% in One Week Amid New Project Updates - The Daily Hodl