Biconomy

Base

USDC

<ul>
 <li>Coinbase completed its first AI-to-AI crypto transaction, using tokens to execute the transaction autonomously.</li>  
 <li>AI agents can now use crypto wallets like USDC on Coinbase’s Base platform to perform instant, global transactions.</li>  
 <li>Skyfire and Biconomy are developing platforms that allow AI agents to autonomously execute and manage on-chain crypto transactions.</li> 
</ul>  
<p>Coinbase CEO Brian Armstrong announced the successful completion of a cryptocurrency transaction conducted entirely by artificial intelligence bots.&nbsp;</p>  
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  https://twitter.com/RadarHits/status/1829644278123151399
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<p>The achievement represents a huge advancement in the integration of AI and cryptocurrency, demonstrating an exciting future in financial technology.</p>  
<h2 class="wp-block-heading" id="h-ai-agents-transact-using-crypto"><strong>AI Agents Transact Using Crypto</strong></h2>  
<p>Armstrong <a href="https://x.com/brian_armstrong/status/1829623778726592804" target="_blank" rel="noopener noreferrer nofollow">shared</a> via X that Coinbase witnessed its first AI-to-AI crypto transaction. In this instance, one AI agent utilized crypto tokens to interact with another AI agent, ultimately acquiring AI tokens.&nbsp;</p>  
<p>These tokens represent strings of data that empower algorithms to learn and adapt, illustrating the potential for AI agents to perform increasingly complex tasks autonomously.</p>  
<p>Armstrong <a href="https://cryptonewsland.com/brian-armstrongs-vision-ai-with-crypto-wallets-could-revolutionize-finance/" target="_blank" rel="noopener noreferrer nofollow">emphasized</a> that a critical limitation for AI agents has been their inability to conduct transactions. Unlike humans, AI agents cannot open bank accounts, limiting their operational capabilities.&nbsp;</p>  
<p>However, by utilizing crypto wallets, the agents can now participate in transactions on the blockchain, using digital currencies like <a href="https://www.usdc.com/" target="_blank" rel="noopener noreferrer nofollow">USDC</a> on Coinbase’s Base platform. This enables them to engage in instant, global, and cost-free transactions, broadening the scope of tasks they can manage.</p>  
<h2 class="wp-block-heading" id="h-expanding-ai-capabilities-in-crypto"><strong>Expanding AI Capabilities in Crypto</strong></h2>  
<p>The achievement follows Armstrong's advocacy for <a href="https://cryptonewsland.com/coinbase-unveils-15k-ai-grant-to-revolutionize-crypto-with-smart-wallets/" target="_blank" rel="noopener noreferrer nofollow">integrating</a> cryptocurrency wallets with large language models (LLMs) such as OpenAI's ChatGPT and <a href="https://www.anthropic.com/" target="_blank" rel="noopener noreferrer nofollow">Anthropic</a>'s Claude.&nbsp;</p>  
<p>Armstrong believes that by providing AI agents with cryptocurrency wallets, they will be more effective in performing tasks on behalf of users, including participation in the broader economy.</p>  
<p>The industry has seen an upsurge of activity in this space, with various crypto firms rolling out platforms to enhance AI agents' transactional capabilities. For instance, Skyfire, a blockchain development firm, recently <a href="https://techcrunch.com/2024/08/21/skyfire-lets-ai-agents-spend-your-money/" target="_blank" rel="noopener noreferrer nofollow">introduced</a> a payment platform that allows AI agents to autonomously spend money.&nbsp;</p>  
<p>Similarly, Web3 infrastructure firm Biconomy is onboarding AI agents to facilitate on-chain transactions on behalf of users, further advancing the integration of AI in the crypto world.</p>  
<p>The successful AI-managed transaction at Coinbase is an important turning point in the evolution of financial technology, emphasizing artificial intelligence's growing significance in the cryptocurrency industry.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/coinbase-ceo-brian-armstrong-oversees-first-ai-managed-crypto-transaction/" rel="noopener noreferrer nofollow">Coinbase CEO Brian Armstrong Oversees First AI-Managed Crypto Transaction</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Coinbase CEO Brian Armstrong Oversees First AI-Managed Crypto Transaction

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