[NEWS] Coinbase releases new tool to easily create AI agents

Lincoln Murr, a developer at Coinbase, announced the release of a new tool called "Based Agent" in a post on X. Based Agent allows you to create an AI agent in under three minutes. Once an AI agent is created, it can easily perform on-chain tasks such as trading and staking.

An AI agent is basically a bot designed to perform a specific task. "Our goal here is to make it as easy as possible to get started creating your own AI agent," Murr said in a video posted on X.

Technically, Based Agent is an autonomous on-chain agent framework. In simple terms, the tool is essentially a template that allows users to create their own AI agents that have access to different kinds of smart contract functionality and can be integrated with any smart contract.

Based Agent has several different modes. One of them is a fully autonomous mode, where users can "do whatever they want with different on-chain interactions," Murr explained.

Once created, an AI agent can trade, swap, stake, and register its own base name to perform tasks.

Ma added that Based Agent comes with the X application programming interface (API), which allows users to turn AI agents into Xbots. Based Agent was created using Coinbase's software development kit (SDK) with the help of ChatGPT developer OpenAI and software development platform Replit.

Trading and posting with AI agents

To start creating an AI agent, users will need an API key from Coinbase's developer program, a key from OpenAI, and a key to fork the Replit template.

The release of Base Agent comes less than a month after cryptocurrency exchanges confirmed the first transactions between AI agents. AI agents cannot have bank accounts, but they can own cryptocurrency wallets.

Reference: Murr's X
Image: Shutterstock

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