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Introducing Based Agent: Create AI Agents With Full Onchain Functionality on Base in Less Than 3 Minutes

Linda Hamilton

Oct 28, 2024 pm 06:10 PM

coinbase Agent Setup 3 Minutes

The era of Autonomous Onchain Agents is here Built with @CoinbaseDev SDK, @OpenAI, and @Replit oh, and you can make it an @X bot too ?

Introducing Based Agent: Create AI Agents With Full Onchain Functionality on Base in Less Than 3 Minutes

Coinbase Unveils Based Agent: An AI Bot With Onchain Abilities

Coinbase has recently unveiled Based Agent, an artificial intelligence (AI) bot that can be equipped with on-chain capabilities on Base. This new development comes as part of the Base ecosystem's broader goal to create a new on-chain economy.

Powered by Coinbase's Software Development Kit (SDK), ChatGPT maker OpenAI, and AI software developer Replit, Based Agent is essentially an AI agent that can be used to automate various tasks within the Base ecosystem.

According to Coinbase developer Lincoln Murr, Based Agent is an “autonomous onchain agent” that can be set up quickly and easily.

“Introducing Based Agent: Create AI agents with full onchain functionality on @base in less than 3 minutes. The era of Autonomous Onchain Agents is here,” Murr said in a tweet.

Coinbase Developer Showcases Based Agent's Capabilities

To use Based Agent, users will need to obtain an API key from Coinbase, another key from OpenAI, and then fork the Replit template. Once done, they can begin setting up the application and its on-chain functions on Base in about three minutes.

Based Agent is touted as an advanced AI agent that can be used to automate tasks like smart contract integration, swaps, trades, staking, and registering its own base name.

According to Jesse Pollak, head of protocols at Coinbase and Base creator, Based Agent is still in its early stages of development, with much more to come in the future.

“This is just a prototype and it'll get orders of magnitude more powerful in the weeks ahead,” Pollak said in a tweet.

Pollak also shared Base's 2024 mission, strategy, and roadmap toward establishing a new on-chain economy. Its framework is anchored on the following components:

1. A decentralized autonomous organization (DAO) to govern Base

2. A Software Development Kit (SDK) to enable developers to build applications on Base

3. A universal base name service (UNS) to provide decentralized usernames and identities

4. A decentralized exchange (DEX) to facilitate on-chain trading

Based Agent is positioned within Base's strategy to onboard a new generation of users into the Web3 space. The platform's user-friendly interface and accessible tools aim to empower both beginners and experienced users alike to engage in various activities, such as creating their own AI agents, exploring decentralized applications (dApps), and participating in the broader Web3 ecosystem.

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