Coinbase has announced a new set of fully on-chain AI agents that users can create on the Ethereum L2 network Base in under 3 minutes.
Built with tools from Coinbase, OpenAI, and Replit, these agents can manage cryptocurrency wallets, connect with X (formerly Twitter), and perform other tasks.
This is an important step towards the convergence of AI and blockchain technology.
Coinbase Vision: A future where AI agents power DeFi
Recently, Coinbase and its CEO Brian Armstrong laid out a broad vision for a new era of AI and blockchain integration. In this world, AI agents can be financially independent and spend and transact through cryptocurrency wallets.
For Armstrong, this is how DeFi becomes a game-changing place. The digital economy will be reshaped through AI-driven systems autonomously and without human intervention.
Create an AI agent with a cryptocurrency wallet (and optional X account) in under 3 minutes
Base agent! https://t.co/QznYkoZTC0
— Brian Armstrong (@brian_armstrong) October 26, 2024
One of the major limitations that actually prevents AI systems from being widely used today is financial autonomy. AI agents cannot open bank accounts or hold credit cards. They cannot handle resources or buy things for themselves.
This actually prevents them from using important services like AWS cloud computing, paid APIs, and subscription-based digital tools. The lack of independent transaction capabilities significantly limits real-world applications of AI systems.
Cryptocurrency wallets for AI agents remove various barriers that would otherwise exist. Crypto wallets allow AI agents to interact with open marketplaces and trade with stablecoins on the layer 2 blockchains of Base and Coinbase.
Financial independence means being able to pay your bills, purchase subscriptions, and purchase digital assets. This capability is a breakthrough that allows AI to act as autonomous economic agents across industries.
That's why Armstrong recently provided AI agents with new crypto wallets. He acknowledged that Truth Terminal already has a cryptocurrency wallet, but implied that it is controlled by a human creator.
AI agents drive cryptocurrency innovation
The integration of cryptocurrency wallets and AI agents represents one of the inflection points in the integration of AI and blockchain. Here, the dream of an AI vs. AI economy is being tracked by platforms like Coinbase. There, financial transactions and asset management, i.e. even participation in decentralized governance, are carried out autonomously among AI agents, independent of human intervention.
For crypto investors, this shift in dynamics means new opportunities. As AI agents are gradually granted economic freedom, their ability to operate independently and freely in decentralized ecosystems will unlock new ways to grow, innovate, and invest. It also promises long-term value in infrastructure and consumer use cases.
Teuta
Teuta is a veteran writer and editor with over 15 years of experience in the macroeconomics, technology, cryptocurrency and blockchain industries. He started his career in 2005 as a lifestyle writer for Cosmopolitan magazine in Croatia and went on to cover business and economics for prestigious publications such as Forbes and Bloomberg. Influenced by figures like Don Tapscott and Bruce Dickinson, Teuta embraced the blockchain revolution, believing that cryptocurrencies are one of humanity's most important inventions. Her fintech efforts began in 2014 and focused on cryptocurrencies, blockchain, NFTs, and Web3. Known for his excellent teamwork and communication skills, Teuta holds a double master's degree in political science and law, loves punk rock and Chablis, and has a passion for shoes.
Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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