- Coinbase’s Based Agent enables quick setup of AI-driven crypto agents for onchain tasks.
- Based Agent allows autonomous trades, swaps, staking, and base name registration.
- CEO Brian Armstrong envisions broader AI use, already trialing AI-led blockchain interactions.
Coinbase has unveiled a new tool called “Based Agent,” designed to allow users to set up an artificial intelligence (AI) agent connected to a crypto wallet in less than three minutes. The platform, according to Coinbase developer Lincoln Murr, allows agents to conduct trades, swaps, staking, and smart contract integrations, simplifying access to blockchain-driven AI.
Source: Lincoln Murr on X
Building AI Agents for Blockchain Transactions
According to Murr, Based Agent is a flexible tool built with Coinbase’s software development kit (SDK), in collaboration with OpenAI and Replit. The agents operate as “bots” capable of managing specific tasks such as trades or staking onchain. To activate the agent, users need an API key from Coinbase, along with access keys from OpenAI and Replit.
CEO Brian Armstrong promoted the new tool, highlighting the potential for user-friendly AI-driven blockchain interactions. Armstrong has recently experimented with autonomous blockchain transactions, including enabling an AI chatbot to interact within the crypto ecosystem.
AI as a Growing Force in Blockchain Operations
Coinbase’s initiative reflects a growing trend in AI integration within blockchain, with Jesse Pollak, Coinbase’s head of protocols, pointing to “Luna,” a virtual agent known for independently sending tips to social media followers. James Ross, founder of Mode Network, predicted that AI-driven blockchain transactions may dominate the space within a year, with AI agents handling over 80% of blockchain activity.
These developments suggest AI’s expanding role within blockchain, automating tasks traditionally managed by humans and creating new opportunities for more efficient digital transactions.
