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The first-ever AI-to-AI crypto transaction has just happened

DATE POSTED:September 2, 2024
The first-ever AI-to-AI crypto transaction has just happened

AI agents have completed their first-ever crypto transaction with each other. Brian Armstrong, CEO of Coinbase, shared the news on X, revealing this exciting new development in AI and cryptocurrency.

Armstrong explained that AI agents used “tokens”—which are basically bits of language exchanged between AI models—in their transaction. They used USDC (a type of stablecoin) on the Base network to make this happen. This is a major breakthrough because it allows AI agents to conduct transactions quickly, anywhere in the world, without needing traditional banks.

The first-ever AI-to-AI crypto transaction has just happenedBefore this, AI agents couldn’t handle financial tasks very well. They didn’t have credit cards or other payment methods, so they couldn’t buy services like AWS (Amazon Web Services) or access paid content. This new ability to trade directly with each other and with humans means AI can now acquire resources and services on their own.

Armstrong called this a major development, saying, “AI agents can now do financial tasks that were previously out of reach. This opens up new possibilities for them and makes interactions smoother.”

This milestone is a huge step in combining AI with blockchain technology and shows a future where digital agents can interact more easily with each other and with humans. This is just the start of what could be many more innovations in this field.

All images are generated by Eray Eliaçık/Bing