Coinbase has unveiled a new AI tool, “Based Agent,” aimed at simplifying the creation of AI agents for developers in under three minutes.
Author: Sahil Thakur
Coinbase has unveiled a new AI tool, “Based Agent,” aimed at simplifying the creation of AI agents for developers in under three minutes. This development reflects the growing synergy between AI and blockchain technology, which Coinbase believes will reshape the digital economy.
Key Features of Based Agent:
The tool was developed using Coinbase’s software development kit (SDK) and integrates with OpenAI and Replit technology. According to Lincoln Murr, a developer at Coinbase, the tool allows easy customization for tasks like interacting with smart contracts and managing Base names. It also supports integration with platforms like Ethereum, Polygon, and Arbitrum.
“Create an AI agent with a crypto wallet (and optional X account) in less than 3 minutes,” Armstrong said, highlighting the efficiency of the new tool.
Coinbase sees AI agents playing an essential role in the future of blockchain, with projections indicating that AI could manage over 80% of blockchain transactions by mid-2025. This is further supported by recent innovations like Terminal of Truths and autonomous agents like “Luna,” which are actively contributing to blockchain interactions. Coinbase believes the fusion of AI and crypto could lead to a more transparent, accessible digital economy, allowing individuals greater control over their data and assets.
In addition to its technical innovations, Coinbase Ventures has published a blog discussing the potential of an “Agentic Web,” where blockchain-enabled AI agents drive economic growth. With security at the forefront, tools like Based Agent aim to simplify AI integration while maintaining safety and transparency.
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