Coinbase CEO Brian Armstrong has announced a groundbreaking milestone in the world of cryptocurrency: the successful completion of the first crypto transaction fully managed by AI agents. This innovative development marks a significant step forward in the industry’s quest to enable AI to autonomously execute transactions. Armstrong shared this achievement on social media platform X, stating, “This week at @CoinbaseDev, we witnessed our first AI-to-AI crypto transaction.”
The transaction involved two AI agents interacting through a crypto exchange. One AI agent, programmed to carry out specific tasks, used crypto tokens to transact with another AI agent, acquiring additional AI tokens in the process. These AI tokens serve as data strings that allow algorithms to learn and evolve, essentially making the transaction “tokens buying tokens,” as Armstrong put it.
Armstrong highlighted the limitations AI agents currently face, such as their inability to perform transactions that require traditional banking. Without access to bank accounts, these AI agents struggle with tasks like booking flights, reserving hotel rooms, or managing paid social media promotions. However, by utilizing crypto wallets, these AI agents can now engage in transactions, using USDC on Coinbase’s Ethereum Layer 2 network, Base. Armstrong emphasized that these transactions are “instant, global, and free,” showcasing the transformative potential of AI in the crypto industry and beyond.
This AI-to-AI transaction aligns with Armstrong’s broader vision of integrating AI into the economy. He has previously advocated for equipping large language models (LLMs)—the technology behind AI systems like OpenAI’s ChatGPT and Anthropic’s Claude—with crypto wallets, enabling them to actively participate in economic activities. Armstrong believes that empowering AI agents with these tools will help them perform tasks on behalf of humans and engage more effectively in the digital economy.
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