Coinbase CEO Suggests AI Should Have Crypto Wallets Amid New Bot Accelerator Launch
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Major crypto exchange Coinbase has unveiled an innovative artificial intelligence accelerator grant program.
The initiative will award $3,000 each to five projects that explore the integration of AI with cryptocurrency wallets.
CEO Brian Armstrong highlighted the potential of large language models (LLMs)—the technology powering AI systems like OpenAI’s ChatGPT and Anthropic’s Claude—to manage financial tasks if equipped with crypto wallets.
“LLMs should have crypto wallets. Let’s help AI agents get work done (on your behalf) and participate in the economy,” he wrote in a recent tweet.
The potential of AI in financial transactions was demonstrated by Coinbase’s engineering lead, Yuga Cohler, who posted a demo of the “AI Wallets” feature on X (formerly Twitter) on August 12.
In the demonstration, Cohler showcased a scenario where participants are paid for their contributions to training an image recognition model.
After selecting the best image from a set of three, the system automatically sends a payment to the user’s cryptocurrency wallet, illustrating how AI could handle such transactions autonomously.
The concept mirrors platforms like Amazon’s Mechanical Turk, where users are compensated for completing simple tasks.
LLMs should have crypto wallets. Let's help AI agents get work done (on your behalf) and participate in the economy.
Reach out and let us know what you're building.
Side note: every checkout experience will need to support AI agents buying things soon. https://t.co/d9u1RQBBRJ
However, the implications of AI conducting
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