Recently, Coinbase introduced “Based Agent,” a cutting-edge framework that enables customers to build AI-powered cryptocurrency agents with Base blockchain wallets integrated. This platform enables customers to build up these AI-driven agents in less than three minutes, according to Coinbase product manager Lincoln Murr. The objective is to make it easier to create on-chain agents that are capable of trading, swapping, and staking, among other blockchain functions.
Easy Configuration for AI-Powered Crypto Agents
Murr demonstrated the Based Agent tool’s user-friendly design in a video posted on X on October 26. With the help of the tool’s template, users may quickly create AI-driven bots, which are automated programs that can carry out particular activities. These bots provide users more autonomy and flexibility on the blockchain by managing transactions, executing swaps, interacting with smart contracts, and even registering their own Base domain names.
Development Driven by Replit, OpenAI, and Coinbase SDK
The Based Agent framework facilitates a seamless setup procedure and was developed utilising Coinbase’s developer platform software development kit (SDK), OpenAI’s SDK, and the AI development platform Replit. Users must first obtain an API token from OpenAI and Coinbase before forking the Replit template. They can then modify their AI agents’ capability to enable them to carry out a range of on-chain tasks.
Expert Forecasts on AI’s Role in Blockchain Transactions
Blockchain-based AI-driven agents have a bright future, according to industry experts. On October 20, Mode Network founder James Ross expressed his prediction that over 80% of blockchain transactions might be handled by AI agents within the next six to twelve months. Blockchain technology may enter a new era as a result of this automation trend, which would simplify transactions and lessen the need for human monitoring.
