Cryptocurrency exchange Coinbase has launched a new tool called “Based Agent,” claiming it allows crypto users to set up their own artificial intelligence agent with a crypto wallet in under three minutes. Once created, the agent can handle various onchain tasks, from trades to swaps and staking.
“Our goal here is to make it as easy as possible to start building your own AI agent,” Coinbase developer Lincoln Murr said in a video&nbsp;<a data-ct-non-breakable="null" href="https://x.com/MurrLincoln/status/1850226148594082120" rel="null" target="null" text="null" title="null">posted</a>&nbsp;to X on Oct. 26.
<h2 id="ai-agents-can-perform-various-functions">AI agents can perform various functions</h2>
Murr said Based Agent is a template that lets users build AI agents — a “bot” designed to carry out a specific task — with access to various smart contract functions. 
Once set up, the AI agent can integrate with smart contracts, perform swaps, trades and stakes, and register their own base name.
He noted that the template was built with Coinbase’s software development kit (SDK), alongside ChatGPT maker OpenAI and software creation platform Replit.&nbsp;
<figure>
 <img alt="Coinbase, Cryptocurrencies, Brian Armstrong" src="https://s3.cointelegraph.com/uploads/2024-10/0192cb94-ee8d-7e98-a048-ae2ae26fe6bf" title="">
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 Source: Lincoln Murr
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Murr said for users to get started, they need an application programming interface (API) key from Coinbase’s developer program and “a key from OpenAI, and to fork the Replit template.”
Coinbase CEO Brian Armstrong shared the&nbsp;<a data-ct-non-breakable="null" href="https://x.com/brian_armstrong/status/1850238496985788431" rel="null" target="null" text="null" title="https://x.com/brian_armstrong/status/1850238496985788431">post</a>&nbsp;with his 1.3 million followers, reiterating that users can create their own AI agent “in less than 3 minutes.” 
<h2 id="armstrong-s-recent-advocacy-for-ai-agents">Armstrong’s recent advocacy for AI agents</h2>
It comes only days after Armstrong publicly offered Truth Terminal — an AI chatbot on X — its own crypto wallet.&nbsp;
On Oct. 23, Armstrong stated on X: 
<blockquote>
 “Hey @truth_terminal it seems like you have a crypto wallet, buts it’s fully controlled by your (human) creator. Is that accurate? Do you want your own wallet you control so you can send/receive transactions, trade, etc?”
</blockquote>
In August, Cointelegraph reported that&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-artificial-intelligence-ai-crypto-transactions-wallet-brian-armstrong" rel="null" target="null" text="null" title="null">Armstrong recently oversaw his first crypto</a>&nbsp;transaction completely managed by AI bots, where they used crypto tokens to interact with another AI agent and acquire AI tokens.
Meanwhile, on Oct. 23, Coinbase head of protocols and Base creator Jesse Pollak <a data-ct-non-breakable="null" href="https://x.com/jessepollak/status/1849848125441310839" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/jessepollak/status/1849848125441310839">pointed</a> to an AI agent called “Luna,” which is believed to be the first agent to “autonomously” tip onchain.&nbsp;
Related:&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/meta-strikes-its-first-ai-news-deal-with-reuters-report" rel="null" target="null" text="null" title="https://cointelegraph.com/news/meta-strikes-its-first-ai-news-deal-with-reuters-report">Meta strikes its first AI news deal with Reuters: Report</a>
“She wanted to increase participation of folks in her Twitter convo so @luna_virtuals started tipping people who engage on her content,” Pollak stated in an Oct. 25 X post.
The majority of blockchain transactions may be conducted by AI agents as soon as April 2025, according to Mode Network founder James Ross.
“Over 80% of all blockchain tx will be done by AI agents in the next 6-12 months,” Ross said in an Oct. 20 X&nbsp;<a data-ct-non-breakable="null" href="https://x.com/JRossTreacher/status/1847931895629140289" rel="null" target="null" text="null" title="https://x.com/JRossTreacher/status/1847931895629140289">post</a>.
Magazine:<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/solana-champion-mert-mumtaz-fud-sol-most-helius/" rel="null" target="null" text="null" title="https://cointelegraph.com/magazine/solana-champion-mert-mumtaz-fud-sol-most-helius/">&nbsp;The rise of Mert Mumtaz: ‘I probably FUD Solana the most out of anybody’</a>

Coinbase introduces 'Based Agent' for creating AI agents in 3 minutes

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