• 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

2 years 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

Bitcoin ETFs Experience Significant Outflows Amid Energy Shock

chest

Bitcoin ETFs recorded a net outflow of approximately 1.392 million on March 5, reflecting a rapid shift toward risk aversion among institutional investors.

user avatarNguyen Van Long

Over 10,000 Bitcoin Vulnerable to Quantum Attacks

chest

A report reveals that more than 10,000 Bitcoin are at risk from potential quantum computing attacks.

user avatarSatoshi Nakamura

Bitcoin Developers Consider Quantum-Resistant Solutions

chest

Bitcoin developers are debating solutions to protect against quantum computing threats, including a potential hard fork for post-quantum cryptography.

user avatarJesper Sørensen

PsiQuantum Constructs World's First Commercial Quantum Computer

chest

PsiQuantum is building a groundbreaking quantum computer in Chicago, capable of running 1 million qubits.

user avatarRajesh Kumar

Binance's TradFi Perpetual Futures Market Sees Explosive Growth

chest

Binance's TradFi perpetual futures market has seen explosive growth, surpassing 130 billion in cumulative trading volume and reflecting strong demand for continuous exposure to traditional assets.

user avatarFilippo Romano

Cryptocurrency Exchanges Evolve into Platforms for Traditional Financial Derivatives

chest

Cryptocurrency exchanges are evolving into platforms for trading traditional financial derivatives, with a notable rise in perpetual futures tied to traditional assets.

user avatarLucas Weissmann

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.