Cardano has achieved a notable milestone today with the introduction of its first x402 standard proof-of-concept meme coin. This announcement, made by Patrick Tobler from the Masumi Network, signals a potential shift for Cardano as it aims to become a key player in the burgeoning agent economy, and the publication demonstrates positive momentum in the developments.
Introduction to the x402 Protocol
The x402 protocol, initially developed by Coinbase, is designed to enable automated payments between AI agents and various services. This innovation allows for efficient machine-to-machine micropayments, paving the way for new financial interactions in the digital landscape.
Demonstration of the Meme Coin
While the newly minted meme coin is currently intended for demonstration purposes, it effectively illustrates the practical applications of the x402 protocol on the Cardano blockchain. Charles Hoskinson, the founder of Cardano, expressed his enthusiasm for this development, emphasizing its significance in the rapidly evolving world of blockchain technology.
Earlier today, the Ocean Protocol Foundation addressed serious allegations of token theft following its exit from the ASI Alliance. For more details on this developing situation, see the full report here.
