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.
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) 
$2,301 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.
