Coinbase Developer Platform (CDP) has launched its AI Builder Grants Program, aiming to mix synthetic intelligence (AI) with blockchain expertise in a novel approach.
This system is providing 5 grants of $3,000 every, making up a complete of $15,000, to again the creation of AI bots that may leverage Coinbase’s Multi-Get together Computation (MPC) Wallets.
The Coinbase Program in a Nutshell
This initiative is all about sparking innovation. The aim is to encourage builders to construct AI bots able to working on-chain utilizing Coinbase’s MPC Wallets. These wallets enable AI brokers to ship and obtain funds in USD Coin (USDC) free of charge on Base, a layer-2 Ethereum scaling answer. On high of that, AI brokers may even earn a yield on their USDC pockets balances.
To qualify for certainly one of these grants, your undertaking must hit two details: First, it should contain the creation of AI bots that use Coinbase’s MPC Wallets. Second, you want to submit your grant utility earlier than the deadline on September fifth, 2024. The functions will probably be judged by the Coinbase workforce based mostly on creativity, utility, and real-world utilization. It’s price noting that grants will probably be awarded after the deadline, so that you’ll must be affected person.
Tackling the Challenges of AI in Finance
One of many driving forces behind the AI Builder Grants Program is to handle the hurdles AI brokers encounter within the monetary world. Not like people, AI brokers can’t open financial institution accounts to deal with automated funds. That is the place onchain options are available. By marrying AI with blockchain, this system goals to unlock new potential for AI-driven monetary functions.
Coinbase’s Co-Founder and CEO underscored the significance of this program, saying, “LLMs ought to have crypto wallets. Let’s assist AI brokers get work completed (in your behalf) and take part within the economic system.”
LLMs ought to have crypto wallets. Let’s assist AI brokers get work completed (in your behalf) and take part within the economic system.
Attain out and tell us what you’re constructing.
Facet observe: each checkout expertise might want to assist AI brokers shopping for issues quickly. https://t.co/d9u1RQBBRJ
— Brian Armstrong (@brian_armstrong) August 16, 2024
If you happen to’re a developer involved in snagging certainly one of these grants, you possibly can apply via Deform. However don’t dawdle—functions shut on September fifth, 2024. Coinbase is happy to see what builders give you, particularly in the case of AI bots utilizing MPC Wallets.
For these wanting to dive in, Coinbase provides loads of documentation and assist through Discord to assist carry your concepts to life. The AI Builder Grants Program marks a major step towards integrating AI with blockchain, opening the door to a brand new period of AI-driven monetary options.
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