TL;DR
- Coinbase launched “Based Agent”, a tool to create AI agents with crypto wallets in less than 3 minutes.
- The tool was developed with the Coinbase SDK, OpenAI and Replit.
- Agents can perform onchain tasks such as trading, transactions, and staking.
Coinbase has launched an innovative tool called “Based Agent”, designed to allow cryptocurrency users to create their own artificial intelligence (AI) agents in less than three minutes.
These agents, once configured, have full access to onchain functions, allowing them to autonomously perform trades, transactions, and staking, all from a cryptocurrency wallet.
Introducing Based Agent: create AI agents with full onchain functionality on @base in less than 3 minutes.
The era of Autonomous Onchain Agents is here
Built with @CoinbaseDev SDK, @OpenAI , and @Replit
oh, and you can make it an @X bot too 😉 pic.twitter.com/RgbXp290bV
— lincoln.base.eth (@MurrLincoln) October 26, 2024
This advancement greatly simplifies the creation of bots for specific tasks within the crypto ecosystem, marking a milestone in the evolution of blockchain technology.
According to Lincoln Murr, a developer at Coinbase, the purpose of “Based Agent” is to make it as easy as possible to develop custom AI agents.
The tool uses Coinbase‘s software development kit (SDK), along with technology from OpenAI and the Replit software creation platform.
This allows users, with just a Coinbase API key and an OpenAI key, to configure their own agent following a predefined model.
The original source of this information was shared by Murr through a post on X, the platform formerly known as Twitter.
The functionality of “Based Agent” is not only limited to executing transactions or exchanges, but also allows agents to interact with smart contracts and perform actions such as base name registration.
Additionally, Coinbase has integrated the ability to turn these agents into bots within the X platform, opening the door to new opportunities for automation and direct engagement on social networks.
This development is part of Coinbase‘s vision to integrate AI into the cryptocurrency world, which has also been actively promoted by its CEO, Brian Armstrong.
The rise of autonomous agents within the blockchain has generated great interest in the crypto community.
Armstrong has been an outspoken advocate of AI applied to cryptocurrencies, which was made clear recently when he offered “Truth Terminal,” an AI chatbot, its own crypto wallet.
This trend promises to revolutionize the way transactions and interaction are managed on decentralized platforms.
The future of onchain transactions with Coinbase AI
In the coming months, a large portion of blockchain transactions are expected to be handled by AI agents such as those that can be created with “Based Agent”.
In fact, Jesse Pollak, head of protocols at Coinbase and creator of the Base network, has already shown an example of this with “Luna,” an agent that was the first to perform on-chain tipping completely autonomously.
These types of innovations demonstrate how AI integration into cryptocurrencies is advancing by leaps and bounds.
According to James Ross, founder of Mode Network, by April 2025 more than 80% of blockchain transactions could be managed by AI agents, which points to a future where automation and artificial intelligence will be key in the development of the blockchain ecosystem.
Coinbase, like other platforms, seems to be at the forefront of this technological shift.
