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Coinbase Launches Agentic Wallets for Autonomous Blockchain Agents

Coinbase Launches Agentic Wallets for Autonomous Blockchain Agents

Coinbase’s Agentic Wallets enable AI agents to autonomously manage funds with programmable spending limits, while Solana’s support for a rival solution signals rising competition in the on-chain AI sector.

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Summary

Coinbase launched Agentic Wallets to allow AI agents to independently manage funds on the Base network, featuring plug-and-play integration and programmable spending limits. The tool supports gas-free transactions to facilitate an autonomous agent economy, building on the earlier AgentKit framework. Concurrently, Solana has endorsed a competing solution, indicating a growing battle for dominance in the on-chain AI market.

Terms & Concepts
  • Agentic Wallet: A blockchain wallet designed for autonomous agents, allowing them to hold assets, manage identity, and perform transactions automatically.
  • EVM: Ethereum Virtual Machine, the decentralised computing environment that executes smart contracts on Ethereum-compatible blockchains.
  • Base Layer 2: Coinbase’s Layer 2 blockchain built on Ethereum, designed to offer faster and cheaper transactions while maintaining security through Ethereum’s main chain.