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Reading: Coinbase Develops New Tool for Users to Create AI Agents on Base Network
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COINTURK NEWS > Crypto AI > Coinbase Develops New Tool for Users to Create AI Agents on Base Network
Crypto AI

Coinbase Develops New Tool for Users to Create AI Agents on Base Network

In Brief

  • Coinbase introduces a tool for creating AI agents on the Base network.

  • The tool aims to simplify the development of blockchain-based AI solutions.

  • This innovation enhances user engagement and expands the functionalities available.

İlayda Peker
İlayda Peker 7 months ago
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Coinbase, a cryptocurrency exchange based in the United States, has developed a new tool that allows users to create artificial intelligence (AI) agents on the Base network. In a video shared by CEO Brian Armstrong on social media platform X, Coinbase developer Lincoln Murr introduced the tool named “Based Agent.” Murr noted that creating an AI agent with full functionality on Base takes less than three minutes.

Contents
New Tool and Technology IntegrationCoinbase’s Use of Machine Learning

New Tool and Technology Integration

Lincoln Murr explained that the new tool was developed using Coinbase’s software development kit (SDK), OpenAI’s AI platform, and Replit’s AI software distributor. He stated, “Our aim is to provide an easy start for you to create your own AI agents.” Additionally, he mentioned that the tool offers various modes, with the most intriguing being a fully autonomous version.

Base is the Ethereum (ETH) $2,554 layer-2 network launched by Coinbase last year. The goal of Base is to attract one billion users to blockchain. The new tool allows users to create AI agents that can access various smart contract functions. These agents can trade, stake, and register their own Base names.

Coinbase’s Use of Machine Learning

Coinbase recently announced the implementation of a machine learning model designed to predict increases in user traffic and allocate more server resources to prevent potential outages. A company representative stated, “Cryptocurrency markets can be volatile. User activity and traffic on the Coinbase platform can suddenly rise and fall rapidly. We manage these changing traffic patterns by adding resources during high traffic.”

The new tool from Coinbase aims to facilitate the development of AI-based solutions on the blockchain by users. This could contribute to the rise of innovative projects within the crypto ecosystem and enrich user experiences.

The ease of creating AI agents may encourage more interaction between developers and users. The flexible structure of the Base network supports such integrations, aiding the platform’s growth.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 29 October, 2024 - 5:33 am 29 October, 2024 - 5:33 am
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