Fetch.ai ($FET), one of the members of the Artificial Superintelligence Alliance, has announced its upgrade plan that will be held on the 1st of April, 2025, at 13:00 UTC if the Governance Proposal #35 will be approved. The update will include essential security and operational enhancements and is set to occur at the block 21,267,067 and last about an hour of disruption to the network.
A key focus in the upcoming release will be the fix of ASA-2025-004, a reported vulnerability that affects the Inter-Blockchain Communication (IBC) protocol. The patch is meant to strengthen the network’s defenses against possible threats that might exist in connection with IBC functionality.
The fix is in response to vulnerabilities that pose danger in inter-chain communication if not addressed. With this solution, Fetch.ai seeks to maintain the integrity and safety of its blockchain application and platform.
Validator Functionality Expanded
Besides security improvements, the update allows for importing validator keys based on the secp256k1 and ed25519 encryption standards. This new feature is aimed to simplify crucial management operations for validators, and improve adaptability depending on the type of signature system with which they are operating.
All validators are urged to refer to the upgrade guide in advance of the block to prepare for the update during the network maintenance. The development team has also promised to add a follow-up update once the upgrade process is over. The technical community has called on all stakeholders in the Fetch.ai network to be up to par with the transition plan in order not to cause downtime in services during the maintenance period.
AI and Price Momentum Align with ASI Push
Subsequently, Fetch.ai is progressing on its core infrastructure and beyond. Recently, the company unveiled the ASI-1 Mini model in partnership with the Artificial Superintelligence Alliance. The model is designed specifically for the Web3 use cases where AI goes further in integrating with blockchain operations.
ASI-1 Mini is designed to have low system demands, but not at the expense of speed. It achieves comparable performance to other AI systems but at a considerably lower cost. The model also gives the public a role in the development of AI, which disbands domain and brings ownership to the public Web3 community.
This momentum appears to show increased investor interest. According to recent market data, the FET token was priced at $0.4584 and was 4.01% down in the last 24 hours. However, 24-hour volume rose by 7.53% to $92.68 million indicating that more volumes were traded in the period leading to the upgrade and in relation to ASI. The market capitalization at present is $1.09 billion.
On the technical side, analyst Clifton Fx mentioned that $FET is attempting to break a falling wedge pattern on the daily chart. A confirmed breakout could lead the token to $1.00. Traders are waiting for a confirmation for now since the current formation is quite suggestive of a bullish reversal pattern.
