- Coinbase is giving $15K to developers who bring AI and crypto wallets together, aiming to spark fresh ideas and transform the finance world.
- Coinbase’s AI Wallets demo shows how AI can autonomously handle payments, marking a significant step in crypto technology.
- AI’s integration with Coinbase MPC wallets could revolutionise crypto transactions, enhancing the user experience and onboarding new users.
Coinbase launched a $15,000 crowdfunding campaign for developers who want to integrate AI into Bitcoin wallets. CEO of Coinbase Brian Armstrong is leading this research that shows how large language models, or LLMs, have the power to fundamentally change the financial system.
AI and Crypto: A Powerful Combination
According to Armstrong, LLMs like OpenAI’s ChatGPT could handle finance-related tasks if integrated with crypto wallets. The idea is to enable AI agents to participate in the economy autonomously. This move could streamline processes and create new opportunities in the crypto.
Moreover, Coinbase engineering lead Yuga Cohler demonstrated this potential by showcasing the “AI Wallets” feature. In a demo shared on X, Cohler showed how AI could facilitate payments for tasks like image recognition. T
Exploring New Frontiers with AI Wallets
The Coinbase Developer Platform is backing this vision with a $15K accelerator grant. The goal is to explore practical applications of AI in crypto. The grant targets developers building AI bots using LLMs connected to Coinbase’s MPC wallets. These AI agents can send and receive payments in USDC, a stablecoin by Circle, without any fees on the Base platform.
Besides, participants have until September 5 to submit their applications. The program aims to explore how AI can enhance the crypto trading experience and onboard new users. Armstrong sees AI integration as vital for the future of crypto and beyond. He believes that AI will soon become an integral part of every checkout experience.
The Road Ahead for AI and Crypto
This initiative by Coinbase integrates AI and blockchain technologies. The potential for AI agents to manage financial transactions could reshape the crypto industry. By enabling AI to participate in the economy, Coinbase is opening new doors for innovation. Moreover, this program could pave the way for broader AI adoption in various sectors.
Coinbase’s AI accelerator grant program is more than just a funding opportunity. It’s a bold move to merge two powerful technologies—AI and crypto—creating new possibilities for the future.
The post Coinbase Unveils $15K AI Grant to Revolutionize Crypto with Smart Wallets appeared first on Crypto News Land.
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