Coinbase conducts its first AI-to-AI crypto transaction

2 weeks ago

Crypto speech Coinbase witnessed its archetypal crypto transaction betwixt artificial quality (AI) bots connected Aug 30, CEO Brian Armstrong announced successful a station connected X.

He explained that 1 ample connection exemplary (LLM) utilized crypto tokens to bargain AI tokens from different AI bot. Bots are developed to transportation retired circumstantial tasks — successful this case, to transportation retired crypto transactions.

While AI bots cannot person slope accounts, they tin ain crypto wallets. These AI bots volition present beryllium capable to behaviour transactions with humans, merchants, and different AIs. Armstrong noted:

“Those transactions are instant, global, and free.”

According to Armstrong, AI agents are not presently effectual due to the fact that adjacent erstwhile they are assigned a task and near unsocial for hours oregon days, they cannot look to execute it. He said:

“Today if you springiness an AI cause a task and travel backmost successful a fewer days oregon hours, it can’t get utile enactment done.”

Armstrong explained that this is due to the fact that of the technology’s constraints. While definite companies, similar Devin AI, are moving connected it, they are inactive acold from accomplishing the goal.

He besides believes that AI agents are ineffective due to the fact that they cannot transportation retired transactions to get the required resources. For instance, if you inquire an AI cause to publication you a formation ticket, it volition neglect due to the fact that it doesn’t person a recognition paper oregon immoderate outgo method. This besides prevents them from promoting their station connected X oregon different societal media platforms done advertisements.

Armstrong believes that having AI agents that tin behaviour transactions volition beryllium a crippled changer and tin payment everyone. This is particularly existent for businesses who tin usage AI agents to marque their buying carts AI checkout enabled.

Development of transacting AI bots

Coinbase is not unsocial successful trying to springiness AIs the powerfulness to behaviour transactions. For instance, earlier this month, blockchain improvement steadfast Skyfire announced the motorboat of a outgo level that enables AIs to walk money.

In June, Biconomy, a Web3 infrastructure company, started onboarding AI bots. This allows users to delegate trading activities to AI agents, who tin past behaviour on-chain transactions.

The station Coinbase conducts its archetypal AI-to-AI crypto transaction appeared archetypal connected CryptoSlate.

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