Coinbase Launched Based Agent: Creates AI Bots in 3 Minutes!

Coinbase, a leading cryptocurrency exchange platform, has revealed a groundbreaking tool named Based Agent, allowing users to create AI agents in under three minutes. Announced by developers Kuncoln Murr on October 26, this tool is designed to simplify the process of deploying AI for on-chain tasks such as tradingand staking using cryptocurrency wallet.

📰UPDATE: @coinbase LAUNCHES NEW TOOL THAT CLAIMS TO ENABLE THE CREATION OF AI BOTS IN 3 MINUTES

— BSCN Headlines (@BSCNheadlines) October 28, 2024

Functionality and Features

The Based Agent functions as a template, enabling users to customize their AI agents with various smart contract functionalities. Notably, it includes a fully autonomous mode, allowing agents to execute tasks independently across the blockchain. This innovation follows the crypto exchange’s recent achievement of completing the first-ever-AI-to-AI cryptocurrency transaction, showcasing the potential of autonomous finance.

Coinbase’s Based Agent User Requirement

To utilize Based Agent, users need an API key from Coinbase’s developer program, a key from OpenAI, and access to a Replit template. Murr emphasized that the setup process is user-friendly, aiming to encourage broader participation in AI development within the crypto space.

This launch aligns with Coinbase’s vision of integrating AI into decentralized finance (DeFi), further enhancing the capabilities of digital assets. As AI agents become more sophisticated, they could revolutionize how financial transactions are conducted, making them more efficient and less reliant on human oversight.

With tools like Base Agent, Coinbase is positioning itself at the forefront of the intersection between AI and blockchain technology, paving the way for innovative applications in the evolving digital economy.

Also Read: Investors’ 5 Secret Weapons to Use Before Applying Any Crypto Presale