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Cryptocurrency News Articles
The Fusion of AI and Blockchain Will Create a World of Autonomous AI Agents Interacting With Humans on Web3, Coinbase Ventures Says
Oct 25, 2024 at 03:29 am
This future state —which Coinbase Ventures dubs the “Agentic Web”— will feature self-directing AIs creating decentralized applications and transacting
Coinbase Ventures has predicted the arrival of the “Agentic Web,” a future state where autonomous AI agents will interact freely with humans on Web3.
In a Oct. 24 report, Coinbase Ventures outlined a vision for the future of AI and blockchain technology, predicting that self-directing AIs will create decentralized applications and transact in cryptocurrency with both human users and other AIs.
“We predict a future where agents will have their own crypto wallets to autonomously transact […] or leverage stablecoins to pay humans and other agents to complete tasks necessary for their overall objective function,” Coinbase Ventures said.
According to Messari, a crypto researcher, blockchain and AI are attracting increasing attention from crypto-focused venture capital (VC) firms, which invested some $213 million into AI-related startups in Q3 2023.
On Oct. 10, Aethir, a decentralized graphic processing unit (GPU) provider, announced the launch of the $100 million Aethir Ecosystem Fund to accelerate the innovation of artificial intelligence and gaming.
Later on Oct. 24, Web3 payments platform Skyfire raised $9.5 million from VCs — including Coinbase Ventures and a16z — to build infrastructure enabling AI agents to autonomously transact in US Dollar Coin (USDC).
“The future of AI can be built on blockchain technology, as crypto can help increase accessibility, transparency, and use cases within the emerging tech,” Coinbase Ventures said in the report.
Coinbase Ventures anticipates crypto will become “the preferred payment rail for agent-to-human and agent-to-agent commerce” and generative AI “will become the primary modality for users seeking to transact onchain.”
“AI will create the majority of all software code (incl. smart contracts), resulting in a Cambrian explosion of onchain apps and experiences,” the report adds.
Overall, venture capital firms poured $19 billion into AI startups in Q3, which comprised 28% of all venture funding for the period, according to Crunchbase data.
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- Bitcoin (BTC) Rainbow Chart Predicts $288k Target, But Will History Repeat?
- Oct 25, 2024 at 12:15 pm
- Bitcoin [BTC] saw a surge in accumulation addresses. The HODL mentality was growing in popularity. Bitcoin addresses that have never had an outflow and a minimum of 10 BTC held 1.5 million coins at the beginning of 2024, but currently held 2.9 million.
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- A Cryptocurrency Trader's High-Stakes Gamble on a Newly Minted Meme Coin, ANT, Has Ended in a Spectacular Failure
- Oct 25, 2024 at 12:15 pm
- The investor spent 3,396 Solana (SOL) worth $587,000 to buy 14.7 million ANT tokens in a single transactions, but less than an hour later they “capitulated and sold it all” for just 773 SOL worth around $134,000
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- Microsoft Considers Adding Bitcoin to Its Reserves as Investor Demand for Digital Currency Integration Grows
- Oct 25, 2024 at 12:15 pm
- In a recent twist in the corporate finance landscape, Microsoft shareholders are urging the tech giant to consider a bold step: the potential addition of Bitcoin to the company's financial reserves. This request represents a growing interest among investors to integrate cryptocurrency into traditional financial strategies.
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- The Untold Secrets of Cryptocurrency: What They Don’t Want You to Know!
- Oct 25, 2024 at 12:15 pm
- As the digital age unfolds, the unpredictable world of cryptocurrency continues to mesmerize and baffle. While many sing its praises, there's much more lurking beneath the surface that affects individuals, communities, and nations alike.
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- S. Korean Gov't to Set Up Virtual Asset Transaction Monitoring System
- Oct 25, 2024 at 12:15 pm
- The South Korean government will establish a virtual asset transaction monitoring system to ensure transaction soundness, Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok said in Washington, D.C., on Oct.