Coinbase launched AI agents on its Ethereum Layer 2 network, Base, allowing users to create agents in minutes to manage crypto wallets and interact with X.
Coinbase announced that customers can create a new set of fully on-chain artificial intelligence agents on its Ethereum L2 network base in less than three minutes. These agents are able to maintain cryptocurrency wallets, interact with X (which was formerly known as Twitter), and carry out a variety of other functions.
Coinbase’s Vision: A Future Where AI Agents Drive DeFi
Recent events have revealed that Coinbase and its CEO, Brian Armstrong, have presented a comprehensive vision for the future of artificial intelligence and blockchain integration.
AI agents in this universe have the ability to spend and transact through bitcoin wallets, making them financially independent. For Armstrong, this is the way that DeFi transforms into a venue that changes the game.
Artificial intelligence-driven technologies are reshaping digital economies in an autonomous manner, without any input from humans. Artificial intelligence systems currently face a significant barrier due to their lack of financial autonomy.
It will not be possible for AI agents to open bank accounts or maintain credit card account information. They lack the capability to independently manage resources or make purchases.
Their utilization of essential services, such as cloud computing in Amazon Web Services (AWS), paid application programming interfaces (APIs), and digital tools that are based on subscriptions, is significantly hampered as a result.
The absence of independent transaction capabilities significantly limits the real-world applications of AI systems. The use of cryptocurrency wallets for artificial intelligence agents eliminates a number of obstacles that would otherwise be present.
A cryptocurrency wallet gives artificial intelligence agents the ability to connect with open marketplaces and conduct transactions using stablecoins on the Layer 2 blockchain used by Base and Coinbase.
The ability to pay bills, subscribe to things, or purchase digital assets is what we mean when we talk about financial independence. This capacity is a significant advancement that will enable artificial intelligences to function as independent economic entities across a variety of industries.
Armstrong recently made a new cryptocurrency wallet available to the AI agent as a result. He confirmed that Truth Terminal already had a cryptocurrency wallet, but hinted that its human developer was in charge of it.
One of the points of inflection in the process of integrating artificial intelligence with blockchain technology is the integration of cryptocurrency wallets with AI agents. Platforms like Coinbase are currently pursuing the goal of an AI-to-AI economy.
In that environment, AI agents autonomously carry out financial transactions and asset management, participating in decentralized governance, without human involvement. A new set of opportunities has become available to cryptocurrency investors as a result of this shift in competitive dynamics.
Financial independence is gradually granting artificial intelligence agents, and their capacity to function freely and autonomously within decentralized ecosystems is opening up new avenues for growth, innovation, and investment opportunities. Additionally, it claims to provide long-term value for consumer use cases and infrastructure use cases.
