TLDR:
– Coinbase CEO oversaw first crypto transaction managed by AI bots
– AI agents can now use USDC on Base to transact with humans, merchants, or other AIs
Summary:
Coinbase CEO Brian Armstrong recently oversaw his first crypto transaction completely managed by artificial intelligence bots. This transaction is seen as an important step towards AI agents being able to perform useful tasks. A bot designed to carry out a specific task used crypto tokens to interact with another AI agent and acquire AI tokens, which are strings of data that enable algorithms to learn from information. This development comes after various industry efforts to develop platforms for AI agents to execute transactions.
Armstrong explained that one of the key reasons AI agents are not effective currently is their lack of transaction capabilities. However, with the ability to use USDC on Base to transact with humans, merchants, or other AIs, these transactions are instant, global, and free. This follows the trend of new platforms being rolled out by different crypto firms to give AI agents the ability to autonomously spend money.
This development also comes after Armstrong called for large language models (LLMs) to have crypto wallets, enabling AI agents to participate in the economy and carry out tasks on behalf of users. Overall, the ability for AI agents to execute transactions opens up a new realm of possibilities for automation and efficiency in various industries.