Coinbase has introduced a new feature called Agentic Wallets, enabling AI agents to autonomously engage in cryptocurrency transactions. This development was announced by programmers Erik Reppel and Josh Nickerson on Wednesday, emphasizing that these agents will not only provide advice but also actively execute trades and manage financial positions.
The x402 payments protocol, designed specifically for autonomous AI applications, allows agents to carry out a variety of tasks, including purchasing compute resources and accessing premium data streams. Reppel and Nickerson highlighted the potential for these agents to function on the Ethereum layer-2 network Base, enabling round-the-clock management of liquidity and trading strategies.
In related news, the Bitcoin Lightning Network has also made strides with the release of a new toolset that facilitates AI agents in transacting using the L402 protocol. This innovation allows them to operate Lightning nodes and manage Bitcoin wallets without requiring access to private keys.
Additionally, Kris Marszalek, CEO of Crypto.com, launched ai.com, a platform where users can create personal AI agents for various tasks, including managing emails and scheduling.