Coinbase Launches New Tool for Creating On-Chain Artificial Intelligent Agents on Base

Top US crypto exchange Coinbase has created a new tool that allows users to build artificial intelligence (AI) agents on the Base blockchain.

In a video posted on the social media platform X and shared by CEO Brian Armstrong, Coinbase developer Lincoln Murr introduces “Based Agent,” which he says can create AI agents with full on-chain functionality on Base in less than three minutes.

Lincoln says the new tool was built with Coinbase’s software developer kit (SDK), AI platform’s OpenAI, and AI software deployer Replit.

“Our goal here is to make it as easy as possible for you to get started building your own AI agents.

We have several different modes you can go through, but I think the one you’ll find the most interesting is the fully autonomous version where the [AI] agent can just go off and do whatever it wants with on-chain interactions.

It’s meant to be a template that you can build AI agents with access to all sorts of different smart contract functionality, integrate with any smart contract you want, perform swaps, stakes, trades, register your own Base name…”

Base is an Ethereum (ETH) layer-2 blockchain that Coinbase launched last year, aiming to bring the next billion users on-chain.

Coinbase recently said it has deployed a machine-learning model that “predicts spikes in user traffic” and automatically deploys more server resources to pre-empt potential outages.

“Crypto markets can be volatile. On the Coinbase platform, spikes of user activity and traffic can occur suddenly and quickly, and then disappear just as fast. We handle those changing traffic patterns and workloads by scaling up and adding resources in times of high traffic, and scaling down back to normal after the spike in traffic has passed.”

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Featured Image: Shutterstock/Yurchanka Siarhei