Key Takeaways
- The new invention, according to the cryptocurrency trading site, can help close the gap between AI and cryptocurrency.
- “Based Agent,” which was developed in collaboration with Replit and OpenAI, will produce autonomous agents in less than three minutes.
- According to Coinbase, AI agents have the potential to surpass humans as the most common consumers of both on-chain and off-chain apps.
Details of Coinbase’s newest tool, which “promisingly bridges” AI and cryptocurrency to create automated agents in less than three minutes, have been made public.
The Nasdaq-listed business announced “Based Agent,” highlighting the developments in developer capabilities that will support the new service, which is being provided in collaboration with OpenAI and Replit, a software startup driven by artificial intelligence.
The project’s principal developer, Lincoln Murr, announced the debut of “Based Agent” on his X account, writing, “The era of autonomous onchain agents is here.”
Brian Armstrong, co-founder of Coinbase and current CEO, repeated the introduction, adding that an X account can be created in tandem with it in the same short time frame.
What is meant by “based agent”?
The idea behind Coinbase’s new Based Agent tool is to apply AI advancements to the cryptocurrency space.
The system, which is based on Base, the platform’s layer-3 network, and is driven by OpenAI technology, enables developers to create agents that are capable of carrying out intricate cryptographic tasks on their own.
In order to make the procedure as easy as possible for users to follow and duplicate, Lincoln presents the theory underlying the construction of the agent framework in the aforementioned tape.
In addition to the totally autonomous option, there are other modes that may be chosen, and the template design lets developers exercise their creativity and take charge.
As previously mentioned, bots can be introduced using the X/Twitter API.
The company’s future partnership was discussed in a recent Coinbase blog post, which hinted that AI agents will proliferate and eventually emerge as the main forces behind economic growth and activity.
According to the paper, bots may eventually overtake human users as the largest application users, “gradually shifting away from human users in the medium-to-long term.”
