Verifiable On-chain Identities
Search documents
Coinbase Debuts Crypto Wallet Infrastructure for AI Agents
PYMNTS.com· 2026-02-11 19:39
Core Insights - Coinbase has developed the first crypto wallet infrastructure specifically designed for AI agents, named Agentic Wallets, which allow users to equip agents with autonomous spending, earning, and trading capabilities [2][8] - The Agentic Wallets aim to overcome limitations faced by AI agents, which can recommend trades or identify necessary APIs but cannot execute transactions without human approval [3][9] - This new offering builds on Coinbase's previous tool, AgentKit, and utilizes the x402 payments protocol, which has already processed over 50 million transactions, enabling machine-to-machine payments without human intervention [8] Product Features - Agentic Wallets provide user protections such as session caps to limit the maximum spending per session and controls on individual transaction sizes [9] - The wallets are part of a broader initiative to support agentic commerce, following the launch of "Payments MCP," which gives AI agents access to on-chain financial tools [9] Industry Context - The importance of digital identity measures for AI agents in the Web3 space is highlighted, emphasizing the need for portable, composable, and verifiable identities to navigate interactions safely [10] - Verifiable on-chain identities are seen as essential for simplifying interactions between AI agents and humans, as well as between AI agents themselves, thereby enhancing trust and reducing the risk of misrepresentation [11]