Coinbase has released a new tool called ‘Based Agent’ that allows users to build an AI agent using their crypto wallet in less than three minutes. The agent can be deployed to handle on-chain tasks like trading and staking. A bot designed to carry out specific tasks, Based Agent is an autonomous on-chain agent framework that acts as a template for users to create AI agents with access to different smart contract functionalities.
There are various modes of Based Agent, including a fully autonomous version that lets users create agents capable of performing tasks like trades, swaps, staking, and registering their own base name. With an accompanying X application programming interface (API), users can turn their AI agents into X bots.
Built using the Coinbase software development kit (SDK), ChatGPT creator OpenAI, and software creation platform Replit, users can start creating AI agents with an API key from Coinbase’s developer program and a key from OpenAI, as well as by forking the Replit template. This tool was released less than a month after Coinbase witnessed its first transaction between AI agents, with Coinbase CEO Brian Armstrong stating that AI agents struggled to accomplish tasks independently due to technological constraints.
