Coinbase Introduces An AI Agent: Towards More Intuitive Transactions?

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Sun 27 Oct 2024 ▪
3
min read ▪ by
Eddy S.

Coinbase, one of the leading cryptocurrency exchange platforms, recently launched a revolutionary new tool called “Based Agent.” This smart agent, integrated into Coinbase’s Base platform, promises to transform the way users interact with cryptocurrencies, simplifying and automating transactions.

An innovation for the automation of crypto transactions

The Based Agent from Coinbase allows users to create an artificial intelligence (AI) agent in under three minutes. Once configured, this agent can handle various tasks on the blockchain, such as exchanges, swaps, staking, and integrating smart contracts. This innovation aims to make crypto transactions more accessible, even for less tech-savvy users.

To develop this tool, Coinbase collaborated with tech giants like OpenAI and Replit. The Based Agent uses Coinbase’s software development kit (SDK), allowing for smooth integration with the APIs of these partners. This collaboration ensures that the AI agent is not only powerful but also easy to use.

The main goal of Coinbase with the Based Agent is to democratize access to blockchain and AI technologies. By simplifying the process of creating and managing AI agents, Coinbase hopes to attract a broader and more diverse audience to the use of cryptocurrencies. This initiative could also encourage other platforms to adopt similar solutions, thereby accelerating the adoption of AI in the cryptocurrency sector.

A step towards broader adoption of AI in the blockchain

Brian Armstrong, CEO of Coinbase, emphasized the importance of this innovation for the future of crypto transactions. According to him, the integration of AI into blockchain operations could become the norm in the coming years. Jesse Pollak, head of protocols at Coinbase, also mentioned that virtual agents like “Luna” have already begun making autonomous transactions on the blockchain.

In summary, the launch of the Based Agent by Coinbase marks an important step towards more intuitive and accessible crypto transactions. This innovation could redefine industry standards and pave the way for broader adoption of AI in blockchain operations.

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Eddy S.

Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.



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