Introduction: Coinbase AI Builder Grant Program
Coinbase Developer Platform (CDP) has recently launched the AI Builder grant program, aimed at bridging artificial intelligence (AI) and blockchain technology in innovative ways. This initiative offers five grants of $3,000 each, totaling $15,000, to support the development of AI bots utilizing Coinbase’s multi-party computation (MPC) wallet.
Encouraging Innovation with AI and Blockchain Technology
The primary objective of the AI Builder grant program is to foster creativity and innovation within the developer community. By incentivizing the creation of AI bots that can operate on-chain using Coinbase’s MPC wallet, developers are encouraged to explore new possibilities in the intersection of AI and blockchain technology. These innovative wallets enable AI agents to conduct USD Coin (USDC) transactions for free on Base, an Ethereum layer 2 scaling solution, and even earn from their USDC balances.
Overcoming Challenges in Financial AI
One of the key motivations behind the AI Builder grant program is to address the unique challenges faced by AI agents in the financial sector. Unlike humans, AI agents do not have the capability to open traditional bank accounts for automated transactions. By integrating on-chain solutions, such as the Coinbase MPC wallet, developers can empower AI agents to perform financial tasks and participate in the economy.
According to the co-founder and CEO of Coinbase, “LL.M.s should have a crypto wallet.” This statement underscores the importance of enabling AI agents to engage in economic activities autonomously and efficiently.
For developers eager to explore this opportunity, applications for the AI Builder grant program must be submitted through Deform by the September 5, 2024 deadline. The grants will be awarded post-deadline, highlighting the need for patience in the selection process.
Coinbase offers extensive documentation and support through Discord to assist developers in translating their ideas into tangible projects. The AI Builder grant program represents a significant step towards integrating AI and blockchain technologies, paving the way for innovative financial solutions driven by artificial intelligence.
Don’t miss the chance to participate in this groundbreaking program and contribute to the evolution of AI in the financial sector!
Also Read: US Marshals May Sell Silk Road Bitcoin on Coinbase
