5 surprising use cases for embedded agents and an AI assistant nearby

Imagine building an AI agent that can track all your crypto transactions and automatically take enough profit so you can stay on top of your USD tax liabilities.

Or an agent that automatically adjusts your crypto portfolio so that profits are automatically transferred to quality coins like Bitcoin, Ethereum and Solana, and you don't end up with 90% shitcoins that return to zero at the end. Cycle.

The magazine envisioned these things and proposed to Nemil Dalal, senior director of the Coinbase Developer Platform, that someone should build them. Base creates the necessary AI tools that anyone with a bright mind can build, regardless of their technical ability.

That platform is targeting a million devs building on Base, and that will only happen with the help of AI coding.

“We're still figuring out how much productivity you can get, but in like six or 12 months, I can see you building really amazing apps with your AI in just a few types of questions,” he said. .

“I think we're in a magical building era. I think software engineering will change more in the next year than it has in the last 30 years.

As it happens, Dalal really likes the idea of ​​automatic portfolio rebalancing.

“I think it's another really good example,” says Dalal of a nearby McDonald's in Bangkok incident where we're forced to retreat from base noise, “every AI agent wants a wallet.”

“I think it's a really good idea to put it out there in our doctors as an example of what people can build,” he says.

Coinbase Developer Platform's AgentKit

Coinbase's developer platform isn't yet retail-facing, but its AgentKit infrastructure looks easy for laypeople to use. Going back to the event, there is a demonstration of the user logging in and running the Based Agent with a crypto wallet, then performing a transaction. The whole thing takes a minute or so.

It currently uses an API key from OpenAI, but is model agnostic and works with cloud or open source models as well.

A project building on the base is called Brian Knows AI (no relation to Brian Armstrong). It's creating a natural language voice interface so you can just ask the AI ​​to do some complicated crypto action, and it does.

“You can basically talk to your wallet in natural language,” Dalal explained. “So, for example, people might not want to use MetaMask. You may want to be able to simply say send this person some money, not in natural language.

With zero thought about private keys and illegible wallet addresses, it's easy to see the potential of that technology to transform UX into crypto, allowing users to log into the space.

Base's slogan is the building block of one billion users and one million developers. As lead contributor Jesse Polk explains to the magazine, making it easy to build is key to L2's growth strategy.

“In terms of technology, we've helped create tools that make it incredibly easy for people to build agents like OnChain Kit, Smart Wallet, all the emerging AI tools. Easy, easy, easy to build and create on base.

Build a Warren Buffett agent

Another great idea that the base team is discussing is to train an agent on the strategies of a real-life investment guru and have the agent invest on your behalf.

“We joke about that, but one of the things we're really excited about is that you can train someone on every text, say Warren Buffett, and you can interact with that personality.”

Buffett famously labeled Bitcoin as a “rat poison square,” so he may not be the best choice for crypto investors.

“Maybe in Warren Buffett's case, he wouldn't send you an NFT anytime soon, but that's an example of what we can do now,” Dalal laughed.

A user-developed ecosystem is Base's growth strategy.

Pollak and Dalal are both extremely enthusiastic and excited about the future of crypto. Given the financial nihilism that has tainted the space and apocalyptic fears over artificial superintelligence, it's amazing to encounter ideas that can see nothing but positives in the intersection of AI and crypto.

Also Read: A Strange Cult Is Growing Around AI-Generated Memecoin ‘Religions'

Dalal said that based agents began in earnest about five months ago when Coinbase set out to build technology that would allow its agents to autonomously transact crypto wallets.

“We saw what was happening with OpenAI, and none of it was on-chain. Agents, all of them, were independent of the blockchain,” he said.As agencies could not access bank accounts, the mission became to overcome the technical barriers that prevented agents from using crypto wallets.

“So that's how we started building it, and basically we had a slogan, which is like every AI agent deserves a bag.”

AI agents and the problem of fantasy

While the agents can surf the web, post on X, and fire off emails, the illusion problem makes people think twice before letting the agents spend money on their own. What if Tron turns out to be a good project or something?

That's why Base will initially focus on exciting and low-cost issues, such as flipping memecoins or creating NFTs.

“These are for fun. And they're not necessarily large amounts of money that an AI can handle on its own,” he said.

“The second thing is that now, at least, the AI ​​agent has to go through the person in the attack.” Over time, he explains, finer-grained licensing will be enabled, so users can specify their agent can spend up to $10 per 100 instances, but anything beyond that will require human approval.

virtual protocol and LUNA

One of the most famous AI agents on the base is virtual social media influencer and singer Luna, who started autonomously suggesting users engage with her content. Retail users will be able to ride or monetize the agent through the virtual protocol as they launch it on Pump.fun, and the agent will be released on X when the corresponding token's market cap reaches $213,000. Token holders participate in decisions about its behavior. and development and share in any income.

It's still early days for Luna's market cap of around $61.2 million. One of the most popular agents on the platform is AIXBT, which analyzes crypto X sentiment to select trends. In the year On November 3, memecoin called PNUT, “Based on current memecoin volatility, it has a clear path to 100M mcap. Enter now before the rules are taken. It was good advice. PNUT now has a market value of $1.8 billion.

The future of AI is just around the corner.

Base is not the only blockchain to play around with AI agents and crypto wallets. Near Protocol, Chain Summary and Demand Chain have launched an AI agent called AI Assistant to enable crypto exchanges and payments. In addition to making crypto UX smoother, AI agents are a necessary step in enabling AI agents to hire and charge agents to solve specific issues on other networks or on Web2.

Co-founder Ilya Polushkin says that functionality will soon be added to allow the assistant to pay with fiat for Web2 services, such as booking flight tickets or checking out. On the back end, Intense performs the tasks you want to perform by matching users with peers.

“You say, ‘Hey, I want to exchange these tokens for these tokens,' right? On the other hand, someone says, ‘OK, cool, I agree with that, I'm really going to be a partner.'

Enabling agents to pay in fiat works similarly but with a few more steps.

“One can say yes, I will pay fiat for these bills. Now, with fiat, it's not cryptographically secure. So you need some kind of conflict resolution,” he explains.

There are also compliance issues around KYC or agreeing to terms of service that must be returned to the user.

“So this is the framework we're introducing to connect AI to the blockchain and the real world. Any service, any market creator, any AI agent can come in on the other side and say, ‘Hey, yeah, I'll do it. Yes, you have valid arguments, I'm fine with the argument method.' Therefore, we created this market precisely between the requests from users and the responses given by all these participants.

AI will turn everyone into builders

Even if you can't code base and close, the odds are good that anyone with a good idea can build a DApp using an AI agent. Today, only 30,000 to 40,000 developers are building onchain, and with a target of close to 10,000 user-built DApps, Base wants 1 million devs to build onchain.

The crowd on every AI agent needs a wallet, and Pollack is now back from a world tour visiting different countries looking for local needs and bases. Dalal said AI tools will open up the platform more to people around the world who previously didn't have the education or resources to build apps.

“So anyone who uses these models — and these models are relatively cheap for builders around the world today — can build them. So it's a very powerful component,” he said.

Andrew Fenton

Based in Melbourne, Andrew Fenton is a journalist and editor covering cryptocurrency and blockchain. He has worked as a film journalist for News Corp Australia, SA Wind and national entertainment writer for Melbourne Weekly.

Follow the author @andrewfenton