• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

AI and the First Crypto Transaction on Coinbase

user avatar

by Giorgi Kostiuk

a year ago

  1. First AI-Managed Crypto Transaction
  2. Using AI Tokens for Transactions
  3. Recent Developments in AI and Crypto Transactions


    4. Coinbase CEO Brian Armstrong recently oversaw the first crypto transaction fully managed by artificial intelligence bots. This event followed several industry efforts to develop platforms for AI agents to execute transactions.

    First AI-Managed Crypto Transaction

    On August 30, Brian Armstrong wrote on X: 'This week at @CoinbaseDev we witnessed our first AI to AI crypto transaction.'

    Using AI Tokens for Transactions

    Armstrong explained that one AI agent used crypto tokens to interact with another AI agent to acquire AI tokens. These AI tokens are essentially strings of data that enable algorithms to learn from information. 'They used tokens to buy tokens,' Armstrong reiterated. He also mentioned that AI agents cannot get bank accounts but can have crypto wallets, using USDC on the Base platform for instant, global, and free transactions.

    Recent Developments in AI and Crypto Transactions

    The event follows the rollout of new platforms by various crypto firms designed to give AI agents the ability to execute transactions. In August, blockchain development firm Skyfire launched a payment platform allowing AI agents to autonomously spend money.

    Recent developments indicate a growing interest in integrating artificial intelligence and cryptocurrency transactions, opening new opportunities for automation and interaction in the digital world.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cursor AI Transitions to a Comprehensive Development Platform

chest

Cursor AI is evolving from a coding assistant to a comprehensive development platform, focusing on team collaboration and complex functions.

user avatarMaya Lundqvist

Tajikistan Introduces Harsh Penalties for Illegal Cryptocurrency Mining

chest

The government of Tajikistan is set to impose severe fines and prison sentences for miners illegally using electricity to mine cryptocurrencies.

user avatarJesper Sørensen

Science Corp's Commercial Path for Brain-Computer Interfaces

chest

Science Corp outlines a clear commercial trajectory for brain-computer interface (BCI) technology, focusing on medical applications with therapeutic benefits.

user avatarRajesh Kumar

Max Hodak Expresses Concerns Over Social Media

chest

Max Hodak expresses concerns about the dangers of social media platforms like Twitter, prioritizing them over potential hacking of brain-computer interfaces.

user avatarFilippo Romano

Max Hodak Achieves Vision Restoration Breakthrough

chest

Max Hodak, co-founder of Neuralink, announces a breakthrough in vision restoration with a retinal implant smaller than a grain of rice, potentially enabling 80% of blind patients to read again.

user avatarLucas Weissmann

Visa Survey Highlights AI and Cryptocurrency's Role in Holiday Shopping

chest

Visa's survey highlights the growing influence of AI tools and cryptocurrency on consumer spending during the holiday season, particularly among Gen Z shoppers.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.