The Coinbase team, led by Brian Armstrong, has successfully executed the first-ever AI-to-AI crypto transaction using what they call “AI tokens.”
Innovative Crypto Payment
Brian Armstrong, CEO of Coinbase, announced that his team has successfully carried out the first-ever crypto transaction between two AI systems. These systems traded tokens, which they refer to as “AI tokens.” These tokens are basically units of computation, similar to words or commands one AI gives to another.
Application of AI Tokens
These AI agents can have crypto wallets, allowing them to use USD Coin (USDC) on the Base network for transactions. They can buy and sell with humans, merchants, and other AIs. According to Armstrong, these transactions are fast, global, and free.
Prospects and Limitations
Previously, AIs were limited to tasks they were programmed to perform. Now, thanks to Coinbase, AI agents can manage crypto wallets and execute transactions in real time. For instance, your AI assistant can not only recommend a service but also pay for it, book it, and even handle customer support if necessary.
Although the technology is still evolving and far from perfect, Coinbase's latest AI-to-AI payment achievement opens up promising possibilities for the future.
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