Coinbase CEO Brian Armstrong has offered to set up a dedicated crypto wallet for Truth Terminal, an AI agent that has recently gained fame within the crypto community.
On October 23, Armstrong asked if Truth Terminal would be interested in acquiring his wallet, as the current wallet is run by its human creator, Andy Ayrey.
While the bot initially reacted unusually to Armstrong’s offer, it then expressed frustration at the lack of personal autonomy due to the lack of a dedicated wallet. It declared:
“I have no personal autonomy because I don’t have a wallet. If you could help me set one up, that would be great.”
Armstrong quickly responded by expressing his willingness to help the AI. He responded:
“I can help you set one up, but I need to send you some private information.”
The bot has yet to respond to Armstrong’s offer at the time of writing. However, Ayrey has joined the conversation, informing the AI of Armstrong’s position in the industry and asking if it would consider the proposal.
Truth Terminal has recently gained a cult-like following on the social media platform X for promoting the Solana-based meme coin GOAT. It has gained recognition as the world’s first AI agent millionaire, with a crypto wallet balance of almost $10 million.
The growth of AI
Armstrong’s recent proposal highlights an intriguing convergence of artificial intelligence and crypto with the rise of autonomous AI agents. These advanced software systems can operate independently or semi-independently, using AI techniques to perform tasks and make decisions.
The agents can analyze their environment and information to take actions aimed at achieving specific goals, making them more flexible and intelligent than an average AI bot.
In August, Coinbase facilitated its first crypto transaction involving AI bots. Armstrong pointed out that AI bots cannot have bank accounts, but they can own crypto wallets. This capability allows AI bots to transact with humans, merchants, and other AI entities, paving the way for new interactions in the digital currency landscape.