Coinbase
$1.95B
In a blog post released on February 11, Coinbase engineers Erik Reppel and Josh Nickerson explained that today’s AI tools can answer questions, summarize files, and assist with basic tasks.
They cannot place trades or carry out financial actions for users. The new Agentic Wallets feature is meant to fill that gap.
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Reppel and Nickerson said, “The next generation of agents won’t just advise, they’ll act”. They added that agents will be able to check DeFi positions, adjust portfolios, pay for computing needs, access APIs, and join creator platforms.
Reppel and Nickerson noted that Agentic Wallets extend the earlier AgentKit framework released in November 2024. AgentKit gave developers a way to add wallets to agent systems. The updated version builds on that foundation and allows agents to operate with greater independence.
All transactions run through Coinbase’s x402 protocol. It is designed for AI-driven payments and has already processed about 50 million transactions.
Reppel and Nickerson explained, “Agents acquire API keys, purchase compute, access premium data streams, and pay for storage, all autonomously, creating truly self-sustaining machine economies”.
The engineers also stated that agents will be able to operate on Base, Coinbase’s Ethereum
Recently, Coinbase’s Base App announced plans to end its Creator Rewards program and its social feed that relied on Farcaster. What did Jesse Pollak say? Read the full story.
