Coinbase Launches Tool for Building AI Agents on Base

Coinbase Introduces New Tool for AI Agent Creation on Base Network

Coinbase, the leading U.S.-based cryptocurrency exchange, has launched an innovative tool that enables users to create artificial intelligence (AI) agents on its Base network. This tool, introduced by Coinbase developer Lincoln Murr in a video shared by CEO Brian Armstrong on the social media platform X, is named “Based Agent.” According to Murr, the process of setting up a fully functional AI agent on Base takes less than three minutes.

New Tool and Technology Integration

Lincoln Murr explained that the tool integrates Coinbase’s software development kit (SDK) with OpenAI’s platform and Replit’s AI distribution technology. He emphasized the goal of making AI agent creation straightforward, stating, “Our aim is to provide an easy start for you to create your own AI agents.” The tool includes various operational modes, with the fully autonomous mode being particularly notable.

Launched last year, Coinbase’s Base is an Ethereum (ETH) layer-2 network designed to broaden blockchain adoption, aiming to attract a billion users. This new tool allows users to create AI agents capable of interacting with smart contracts, enabling them to:

• Trade digital assets on the Base network
• Stake cryptocurrency tokens
• Register Base network names

Coinbase’s Enhanced Use of Machine Learning

Coinbase recently announced a machine learning model to predict spikes in user traffic, enabling better allocation of server resources and reducing the risk of outages. A company representative explained, “Cryptocurrency markets can be volatile. User activity on the Coinbase platform can rise and fall rapidly. We manage these changing traffic patterns by adding resources during high traffic.”

Encouraging AI-Driven Innovation on Blockchain

The introduction of this tool is expected to encourage the development of innovative blockchain-based AI projects. By simplifying AI agent creation, Coinbase aims to promote deeper interaction between developers and users within the crypto ecosystem. The Base network’s flexible infrastructure supports these types of integrations, driving the platform’s growth and expanding the possibilities for AI-driven solutions.