AI and the First Crypto Transaction on Coinbase

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

FCA Opens Application Window for Banks to Enter Regulated Crypto Activities

The Financial Conduct Authority (FCA) has announced that wholesale banks can apply to extend their permissions into regulated cryptoasset activities under the new UK framework.

user avatarElias Mukuru

Legislative Focus on Bitcoin Reserves Expected in 2027

Legislative focus on Bitcoin reserves is expected in 2027 as lawmakers in Florida and Texas prepare for new sessions, with key figures like Byron Donalds and James Talarico potentially influencing future policies.

user avatarDiego Alvarez

Bipartisan Support for Bitcoin Reserves Emerges After 2026 Midterms

Bipartisan support for Bitcoin reserves has emerged following the 2026 US midterm elections, with officials from both parties in Florida and Texas advocating for government-held Bitcoin reserves.

user avatarKenji Takahashi

ECB Announces 36 Payment Providers for Digital Euro Pilot

The European Central Bank has selected 36 payment service providers for a digital euro pilot set to begin in late 2027.

user avatarMaria Fernandez

Bitcoin Price Recovery Approaches Crucial Level

Bitcoin is attempting to regain momentum after a recent correction, with analysts suggesting that reclaiming the $75,000 level could signal a shift in market sentiment.

user avatarGustavo Mendoza

SEC Announces Rule Change for KalshiEX Security Futures Listings

The SEC has issued a notice regarding a rule change for listing standards of perpetual security futures on KalshiEX.

user avatarRajesh Kumar

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.