Coinbase has successfully conducted its first crypto transaction between artificial intelligence (AI) agents on its platform. This historic event marks a significant milestone in the integration of AI with blockchain technology.

The transaction, which took place on August 30, 2024, involved one AI agent using crypto tokens to acquire AI tokens from another AI agent.

These AI tokens, essentially data strings, enhance machine learning algorithms, thereby demonstrating the potential for AI to perform financial operations autonomously.

https://t.co/0rn55uLf3n

— Brian Armstrong (@brian_armstrong) August 30, 2024

Coinbase CEO Brian Armstrong emphasized the importance of this development, stating that AI agents have traditionally been limited by their inability to engage in financial transactions. “They don’t have a payment method to book you the plane ticket or hotel for your upcoming trip.

They can’t get through paywalls, promote their post on X with a paid ad, or use the growing network of paid APIs to integrate data they need,” Armstrong explained.

However, with the introduction of crypto wallets, AI agents can now utilize USDC on the Base network to transact with humans, merchants, and other AI systems. This advancement makes transactions instant, global, and fee-free, potentially revolutionizing how AI systems operate across various industries​.

Coinbase is pushing for further integration of AI models into crypto wallets, which could unlock new capabilities, such as AI-enabled checkouts. This progress is part of a broader trend where companies are exploring ways to enhance AI capabilities, particularly in handling tasks that involve financial transactions without human intervention​.

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