AI Agent Collectives, DAOs Are Overhyped Crypto Narrative, Fetch.ai CEO Says
Humayun Sheikh, CEO of Fetch.ai (CRYPTO: FET), dismissed the notion that AI agents forming collectives or decentralized autonomous organizations (DAOs) is imminent, labeling it an overhyped crypto narrative.
In an interview with Benzinga, Sheikh argued that the concept of AI agents autonomously creating DAOs lacks a clear purpose and is driven by speculative fundraising rather than real-world utility.
“I don’t agree with that. I don’t think that will happen. I don’t think it will catch up,” Sheikh said in response to whether AI agent collectives or DAOs are near or still science fiction. “It’s one of the crypto narratives which people want to go use and raise money around. No, I’m not sold on it.”
Sheikh emphasized that the idea of AI agents forming DAOs is an example of over-engineering, a common issue in the crypto industry where complex solutions are built for non-existent problems.
“You’re over-engineering, which is a typical problem in this industry. …
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