Author: Karen, Foresight News

Last week, Coinbase launched an AI on-chain interaction agent called Based Agent. Based Agent is an AI-driven autonomous agent that interacts with the Coinbase Developer Platform (CDP), OpenAI's official multi-agent collaboration framework Swarm, and Base L2 to perform on-chain operations such as token creation, NFT deployment, and asset transfer.

Based Agent provides a simple setup in the online programming environment Replit, allowing exploration of autonomous blockchain interactions without manual coding, including autonomous execution, token deployment, NFT deployment, asset transfers, balance checks, ETH faucet requests, and generating artwork through DALL-E (using AI to generate artwork).

So, what is the actual experience of Based Agent like? Today, Foresight News will guide you step by step to experience Based Agent.

Before we begin, please ensure that the following preparations are completed:

1. Create an API key and private key at https://portal.cdp.coinbase.com/, supporting domestic mobile phone numbers;

2. Create an OpenAI API Key at https://platform.openai.com/api-keys;

3. Log in to https://replit.com/.

Next, you can follow the steps below:

1. Use the Based Agent template on Replit (https://replit.com/@KevinLeffew1/Based-Agent?v=1#run.py): Click 'Use Template' in the upper right corner;

2. In the secret area in the upper right corner, add OpenAI API Key, Coinbase CDP API key name, and private key (Note: The Coinbase CDP API key and private key must also be copied exactly as they are);

3. After completing the setup, click 'run' at the top. Each time you click 'run', a different agent wallet address (Base network) will be generated, and it will automatically claim 0.01 ETH from the faucet (Base Sepolia network);

4. After the program runs, you can choose one of three modes: chat (chat), auto (autonomous interaction), and AI-to-agent dialogue mode.

In chat mode, we can communicate in natural language, for example, asking the AI agent to mint an NFT series, exchange tokens, etc. However, since this agent currently only supports the Base Sepolia network, many operations I tried could not be completed by this agent.

Additionally, it seems that direct switching between the two modes is currently not possible. To switch modes, please first click 'stop' to stop the current run, and then click 'run' again to rerun the program, which will generate a new agent wallet. In autonomous mode, the AI agent will autonomously perform a series of operations such as deploying an NFT series, claiming ETH test tokens from the faucet, minting NFTs, creating tokens, and registering domain names.

As for the third mode, which often answers questions unrelated to the topic, the author also finds it confusing, and the official explanation or clarification has yet to be provided.

According to Lincoln, a member of the Coinbase Developer Platform team, this agent can also be set as a Twitter bot.

Although the Coinbase AI agent Based Agent currently exists only as a template on the Replit platform, and its autonomous trading mode seems limited to attempting to execute all possible operations autonomously, one can imagine that if future iterations can deeply integrate autonomous trading functions with clear intent recognition, it would give rise to a smarter, more sensitive AI agent with deep analytical capabilities, which would undoubtedly be a beautiful vision to look forward to.