The use of AI agents to create, promote and transact cryptocurrencies has been largely theoretical — until now.
But with AI shitposter Terminal of Truths promoting Goateus Maximus, the Luna bot tipping users for engagement, and Based Agents enabling quick and easy crypto agent creation on Ethereum L2s, the future has become very real all of a sudden.
Luna is streaming 24/7. (Virtuals Protocol)
The developments have brought a fresh wave of excitement to Crypto X, with some wondering if AI agents transacting in crypto could be the narrative that propels (at least in part) the next retail bull run.
But there are also plenty of traps for young players in the AI agent craze.
Crypto exchange Coinbase is leading the charge by unveiling Based Agents, which allows users to create AI agents enabled with crypto wallets in “under three minutes” on its Base layer-2 network.
Using preloaded wallets, these agents are able to conduct transactions autonomously (if you trust them enough), enabling trading, peer-to-peer transfers and pre-programmed transactions without human oversight.
At present, AI agents are mainly involved in the memecoin end of the market, given how easy and low stakes it is to create and trade memes.
But their real value might be for DAOs and DeFi projects, where AI agents might autonomously execute complex financial strategies or manage treasuries.
“Essentially, this capability brings the industry closer to fully autonomous, self-governing economic entities,” Nick Havryliak, CEO of Small Language Models network Assisterr AI, tells Magazine. He’s also a Web3 adviser at the Cambridge Centre for Finance, Technology & Regulation.
It’s a captivating vision for tech enthusiasts in the crypto world. However, AI agents are still very new, and many of the current “AI” memecoin projects appear to be humans LARPing as robots.
There are also unresolved questions, such as the legal…
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