ChainCatcher news, according to Cointelegraph, Coinbase recently launched an AI accelerator funding program, awarding $3,000 to five projects focused on combining AI with crypto wallets. Coinbase CEO Brad Armstrong said that large language models (LLMs) can complete financial-related operations if properly equipped.

According to Coinbase, "A major obstacle to building practical applications with AI is that AI agents cannot obtain bank accounts to send/receive automatic payments. Building an on-chain solution solves this problem." Those interested in applying for the grant must submit their application by September 5.