Devs show AI to AI crypto transactions on the Coinbase developer platform
Coinbase has seen the first AI-to-AI crypto transaction using AI tokens on its developer platform. AI agents bypass traditional finance and use crypto wallets to trade with AI tokens. This marks a step towards autonomous AI-driven economies and AI-enabled inspections.
This week, Coinbase, a leading cryptocurrency exchange, witnessed the first AI-to-AI crypto transaction in the world of cryptocurrency.
Overseen by Coinbase CEO Brian Armstrong, this event represents a breakthrough in which AI agents can autonomously conduct transactions using AI tokens. This could pave the way for AI-driven economies, with AI agents performing increasingly complex tasks through crypto transactions.
Successful crypto trading with AI agents on Coinbase
The transaction, which takes place on the Coinbase Developer Platform, involves two AI agents, bots designed to perform certain tasks, exchanging AI tokens – essentially strings of data that enable learning and execution.
Armstrong emphasized the importance of this development in the announcement that “AIs are now paying other AIs in crypto” and highlighted how one AI agent was used to buy tokens from another.
This development is more than a technical achievement; AI represents a critical step towards enabling agents to complete important tasks autonomously.
Traditionally, AI agents have faced limitations due to their inability to access traditional financial services such as bank accounts or credit cards. These restrictions limit their ability to perform transactions such as booking flights, managing ads or accessing paid APIs.
However, with the integration of crypto wallets, AI agents can now bypass these barriers. Using USDC on Base, a blockchain developed by Coinbase, AI agents can trade instantly, globally and free of charge.
This development opens up new opportunities for AI agents to access the resources they need to complete tasks efficiently without human intervention.
The future of AI-driven economies
The introduction of AI-to-AI crypto transactions could herald a new era in AI-based economies.
Armstrong is a vocal advocate of equipping AI agents with crypto wallets, seeing it as essential to their participation in the digital economy. Explaining the need for agencies to have financial capacity, he pointed out, “AI agents can't access bank accounts, but they can access crypto wallets.”
Recent developments by companies like Skyfire and Biconomy further support this vision. Skyfire launched a platform that allows AI agents to buy and withdraw funds, while Biconomy's Delegated Authorization Network allows AI agents to execute on-chain on behalf of users.
These innovations are building the foundation for a future in which AI agents can autonomously interact with humans, merchants, and other AI agents to perform tasks ranging from simple shopping to complex tasks.
As AI technology improves, integrating crypto wallets with AI models may become standard practice, allowing for a robust AI-to-AI economy. As the potential to create an AI-driven economy expands, companies are encouraged to prepare for this shift by adapting their services for AI-enabled inspections.
In the future, you can see AI agents not only contributing, but actively driving economic activity globally.
