Coinbase has announced the launch of a new tool called "Based Agent"
October 28, 2024
A Coinbase representative presented a tool for creating AI agents. With its help, users can quickly create intelligent agents for their crypto wallets.
Launch purpose
According to Murra, the Based Agent was developed to simplify the AI creation process. "Our goal is to make it as easy as possible for users to create their own AI agents," he noted.
Functionality and capabilities
Technically, it is an autonomous framework for managing agent chains. For user convenience, the tool functions as a template, allowing for the quick creation of AI agents that can interact with smart contracts, including functions such as trading, staking, and swaps.
Operating modes and automation
Based Agent offers various operating modes, notably an autonomous mode. This allows agents to act independently, performing tasks without constant user intervention. For example, AI agents can automatically execute various actions on the chain, such as trading and basic name registration.
Additionally, the development supports API X integration, enabling agents to become X-bots with access to additional features.
To get started, users need an API key from Coinbase, access to OpenAI, and a Replit template.