Progress in crypto has been slow but one saving grace may be AI. AIs can’t get a bank account but they can use cryptocurrencies. Bryan Armstrong and Coinbase tweets:
This week at @CoinbaseDev we saw our first AI to AI crypto transaction.
What else has AI bought from another? Tokens! Not crypto tokens, but AI tokens (words basically from one LLM to another). They used tokens to buy tokens 🤯
AI agents cannot access bank accounts, but they can access crypto wallets.
Now they can use USDC in Base to work with people, merchants, or other AISs. Those services are fast, global, and free.
This is an important step for AIs to do useful work. Today if you give a job to an AI agent and come back a few days or hours later, no useful work will be done. In part this is a limitation of the technology itself, and products like devin.ai are approaching this. But another reason is that AIs can’t do things to get the resources they need. They don’t have a credit card to use AWS, Github, or Vercel. They do not have a payment method to book your flight ticket or hotel for your upcoming trip. They can’t break into paywalls (for example to read a scientific article), promote their posts on X with a paid ad, or use the growing network of paid APIs to aggregate the data they need.
If you are working on an LLM or AI model that you think could benefit from having an integrated crypto wallet for payments, try integrating our MPC Wallets from the Coinbase Developer Platform (CDP):
And if you are a company that sells a service – configure your shopping cart to be able to checkout with AI. It turns out that everyone benefits from having access to good financial resources, including AIS!
How big will the AI-to-AI economy be in a few years from now?
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