Coinbase introduces innovative AI tool for cryptocurrencies – discover Based Agent!

Coinbase Introduces New Artificial Intelligence Tool for Cryptocurrencies

Coinbase, one of the leading cryptocurrency exchanges globally, surprises the industry by launching an innovative artificial intelligence tool. The new tool, named “Based Agent,” aims to facilitate the creation of AI agents for developers, offering comprehensive on-chain solutions on the Layer-2 (L2) Base network by Coinbase.

Functionalities of the “Based Agent” Tool

The “Based Agent” tool not only allows for AI agent creation but also integrates cryptocurrency wallets and performs various on-chain tasks such as trading, currency exchange, and staking.

Technological Support and Customization of the Tool

This tool has been developed using Coinbase’s developer toolkit (SDK) and technologies from OpenAI and Replit. Developers can customize AI agents to meet their unique requirements by adding features like interacting with smart contracts, executing transactions, managing staking, and registering Base names.

Collaboration with Various Blockchain Ecosystems

The “Based Agent” tool is not only compatible with the Base network but also with other blockchain ecosystems like Ethereum, Polygon, or Arbitrum, making it a versatile tool for developers from different backgrounds.

Ensured Security

Security is a key element of the tool, confirmed by the use of Multi-Party Computation (MPC) technology to split the private key between Coinbase and the developer, thus enhancing the security of cryptocurrency wallets.

The Vision of Synergy between AI and Cryptocurrencies

Coinbase Ventures has expressed its vision of synergy between artificial intelligence and cryptocurrencies through a blog post, emphasizing the potential transformation of interactions between humans and machines in the digital economy.

Blockchain and the Development of Artificial Intelligence

According to Coinbase, blockchain can support the development of artificial intelligence by increasing accessibility and transparency in the modern technological space. This collaboration could initiate the era of the so-called “Agentic Web,” where blockchain AI agents will stimulate economic growth and activity in the digital economy, opening new opportunities for technological advancement.