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- Coinbase introduces Agentic Wallets for autonomous AI agents’ crypto tasks.
- AI agents can autonomously handle payments, trade tokens, and earn yield.
- Agentic Wallets support EVM chains, Solana, and gasless transactions.
Coinbase has launched its “Agentic Wallets,” an innovative infrastructure explicitly built for autonomous AI agents. Equipped to communicate with the internet, these AI agents can now decide for themselves to manage funds, make payments, trade tokens, and earn yield on blockchain platforms. The security system to prevent misuse of this wallet also includes formidable security features, as Coinbase shared in a recent blog post.
Coinbase Developer Platform programmers Erik Reppel and Joshua Nickerson highlighted in their blog that current AI agents are constrained in handling financial tasks. When Agentic Wallets are rolled, these limitations will be removed. The novel tool enables AI agents to conduct financial transactions with continuous human intervention required. For example, an AI agent can automatically rebalance its portfolio if it discovers a better yield opportunity during the night, provided the user has previously established the required permissions.
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Autonomous Transactions Powered by the x402 Protocol
The Agentic Wallets operate under or through the x402 protocol, a system intended to enable autonomous cryptocurrency payments without human intervention. The protocol has already been used to complete 50 million transactions and is still being refined, and the 2.0 version enables the use of a traditional payment system. The wallet will first support EVM chains and Solana, and allow gasless transactions via Coinbase’s Base Layer 2 solution.
Continuing to build on other Coinbase tools like AgentKit, which enabled adding wallets to AI agents, Agentic Wallets is a plug-and-play product. The facility allows any agent to easily set up a fully functional wallet. Users can manage these wallets via a painfully simple command-line interface and easily check balances, add funds to wallets, and add new skills. The wallets are also equipped with Smart Security Guardrails, which include programmable spending and session limits to keep transactions within secure limits.
The Agentic Wallets also offer the advantage of Coinbase’s “enclase isolation” system, which stores private keys within Coinbase. This security option means that no one can access the private keys promptly or in the language model, thereby maintaining high-level asset protection.
A Step Toward Full Autonomy in AI-Driven Financial Transactions
The recent action by Coinbase is an essential step towards advancing AI-driven autonomy in financial transactions, as AI agents become more autonomous while maintaining the necessary level of security. With the further development of the autonomous AI field, these wallets will pave the way to the future when AI agents will be entrusted with performing complicated financial operations on behalf of their users.
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