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Coinbase is betting on AI agents: wallets as the payment rail for agents

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ThesisAIToolingCoinbaseBaseBrian Armstrong

Argues Coinbase's MPC wallets via its Developer Platform make on-chain payment infrastructure available to AI agents, which cannot open bank accounts. Sees agents as an adoption driver and bullish for Base.

π‚π¨π’π§π›πšπ¬πž 𝐒𝐬 𝐁𝐞𝐭𝐭𝐒𝐧𝐠 𝐨𝐧 π€πˆ π€π πžπ§π­π¬ "𝐴𝐼 π‘Žπ‘”π‘’π‘›π‘‘π‘  π‘π‘Žπ‘›π‘›π‘œπ‘‘ 𝑔𝑒𝑑 π‘π‘Žπ‘›π‘˜ π‘Žπ‘π‘π‘œπ‘’π‘›π‘‘π‘ , 𝑏𝑒𝑑 π‘‘β„Žπ‘’π‘¦ π‘π‘Žπ‘› 𝑔𝑒𝑑 π‘π‘Ÿπ‘¦π‘π‘‘π‘œ π‘€π‘Žπ‘™π‘™π‘’π‘‘π‘ . " - @brian_armstrong Blockchains provide the programmable infrastructure that autonomous AI agent need to engage in economic activity with each other. With MPC Wallets from Coinbase Developer Platform (CDP), @coinbase is among the first movers in making on-chain payment infrastructure for AI agents available to builders. I have been talking about this a lot recently, and I strongly believe that the confluence between AI and crypto is real. As @brian_armstrong outlines in his post below, AI agents can't feasibly use legacy infrastructure: "𝐴𝐼𝑠 π‘π‘Žπ‘›'𝑑 π‘‘π‘Ÿπ‘Žπ‘›π‘ π‘Žπ‘π‘‘ π‘‘π‘œ π‘Žπ‘π‘žπ‘’π‘–π‘Ÿπ‘’ π‘‘β„Žπ‘’ π‘Ÿπ‘’π‘ π‘œπ‘’π‘Ÿπ‘π‘’π‘  π‘‘β„Žπ‘’π‘¦ 𝑛𝑒𝑒𝑑. π‘‡β„Žπ‘’π‘¦ π‘‘π‘œπ‘›'𝑑 β„Žπ‘Žπ‘£π‘’ π‘Ž π‘π‘Ÿπ‘’π‘‘π‘–π‘‘ π‘π‘Žπ‘Ÿπ‘‘ π‘‘π‘œ 𝑒𝑠𝑒 π΄π‘Šπ‘†, πΊπ‘–π‘‘β„Žπ‘’π‘, π‘œπ‘Ÿ π‘‰π‘’π‘Ÿπ‘π‘’π‘™. π‘‡β„Žπ‘’π‘¦ π‘‘π‘œπ‘›'𝑑 β„Žπ‘Žπ‘£π‘’ π‘Ž π‘π‘Žπ‘¦π‘šπ‘’π‘›π‘‘ π‘šπ‘’π‘‘β„Žπ‘œπ‘‘ π‘‘π‘œ π‘π‘œπ‘œπ‘˜ π‘¦π‘œπ‘’ π‘‘β„Žπ‘’ π‘π‘™π‘Žπ‘›π‘’ π‘‘π‘–π‘π‘˜π‘’π‘‘ π‘œπ‘Ÿ β„Žπ‘œπ‘‘π‘’π‘™ π‘“π‘œπ‘Ÿ π‘¦π‘œπ‘’π‘Ÿ π‘’π‘π‘π‘œπ‘šπ‘–π‘›π‘” π‘‘π‘Ÿπ‘–π‘. π‘‡β„Žπ‘’π‘¦ π‘π‘Žπ‘›'𝑑 𝑔𝑒𝑑 π‘‘β„Žπ‘Ÿπ‘œπ‘’π‘”β„Ž π‘π‘Žπ‘¦π‘€π‘Žπ‘™π‘™π‘  (π‘“π‘œπ‘Ÿ π‘–π‘›π‘ π‘‘π‘Žπ‘›π‘π‘’ π‘‘π‘œ π‘Ÿπ‘’π‘Žπ‘‘ π‘Ž 𝑠𝑐𝑖𝑒𝑛𝑑𝑖𝑓𝑖𝑐 π‘Žπ‘Ÿπ‘‘π‘–π‘π‘™π‘’), π‘π‘Ÿπ‘œπ‘šπ‘œπ‘‘π‘’ π‘‘β„Žπ‘’π‘–π‘Ÿ π‘π‘œπ‘ π‘‘ π‘œπ‘› 𝑋 π‘€π‘–π‘‘β„Ž π‘Ž π‘π‘Žπ‘–π‘‘ π‘Žπ‘‘, π‘œπ‘Ÿ 𝑒𝑠𝑒 π‘‘β„Žπ‘’ π‘”π‘Ÿπ‘œπ‘€π‘–π‘›π‘” π‘›π‘’π‘‘π‘€π‘œπ‘Ÿπ‘˜ π‘œπ‘“ π‘π‘Žπ‘–π‘‘ 𝐴𝑃𝐼𝑠 π‘‘π‘œ π‘–π‘›π‘‘π‘’π‘”π‘Ÿπ‘Žπ‘‘π‘’ π‘‘π‘Žπ‘‘π‘Ž π‘‘β„Žπ‘’π‘¦ 𝑛𝑒𝑒𝑑." Blockchains change this. They provide deterministic execution environments, free of human-built trust elements, unnecessary intermediaries and other inefficiencies. Blockchains give AIs the power to control cryptographically secured wallets, move funds, interact within DeFi ecosystem and ultimately provide the liquid resource access that autonomously acting agents need. In the long run, this will transform business processes across all industries and add trillions of dollars in economic value globally (see my recent post). Could hence be a huge driver for adoption and imho it's very bullish for @base that they are among the first movers here. AI agents are also the endgame of crypto UX. They will unleash the full potential of the economic APIs that blockchains essentially are, abstracting enduser complexity and allowing for the automation of complex on-chain workflows Blockchains are about to become competitive at a global scale. DYOR anon. πŸ€– ✨
QUOTING @brian_armstrong
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