The intersection of cryptocurrency and artificial intelligence has become a focal point of debate, particularly with the rise of AI platforms like ChatGPT. Further to this, in his speech today, the co-founder and CEO of coinbase, Brian Armstrong, outlined his view on AI and crypto in the current and forthcoming age. Another noteworthy point made by Armstrong was the ability of large language models (LLMs) to integrate crypto wallets, which he feels could transform how artificial intelligence platforms engage with decentralized finance.
They also refer to LLMs as large language models that are complex machine-learning tools capable of understanding human-generated language text. One of the most well-known and widespread platforms employing LLM is OpenAI’s ChatGPT. Armstrong proposed that using crypto wallets sold in LLMs may define the proper model for AI agents capable of performing operations on behalf of their owners, including purchases and sales of cryptocurrencies and various analyses.
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Coinbase Geared Towards AI Builder Initiative
Armstrong’s timely observations show that the Coinbase Developer Platform recently commenced the AI Grants Program. This release encourages participants to build AI bots with Coinbase’s MPC Wallets and vie for $15,000 in grants. Sourced from Coinbase’s official blog, these AI agents can use MPC Wallets to make and receive USDC payments, a stablecoin from Circle on Base, without incurring fees. Moreover, users can also get yields to their USDC wallet balances under this program.
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This initiative is a significant step taken by Coinbase that seeks to combine artificial intelligence and blockchain. That is why the concept of AI agents is expected to change trading experiences and can even attract millions of new users to the crypto world. This integration gets support from Armstrong’s recent statement, which claims that AI’s chances of going past the cryptocurrency market remain high. He also began to envision a world where every purchase could include the assistance of an AI agent, which would one day become a part of each check-out procedure.
In conclusion, Brian Armstrong’s vision of integrating crypto wallets with AI models marks a significant step towards converging these rapidly evolving technologies. As Coinbase continues exploring this intersection, AI and crypto’s potential to transform various industries becomes increasingly evident.
Also Read: Coinbase Sparks Speculation of New Wrapped Bitcoin Token, cbBTC
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.