AI: The New Path to Crypto Mass Adoption
TL;DR
AI agents will need to make payments that are fast, publicly verifiable, and dirt cheap (i.e. crypto payments) — opening a new path to crypto mass adoption.
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Boring-ish news: On Wednesday one of the largest AI hardware producers, Nvidia, released its earnings report.
Not-so-boring news: Market analysts were convinced the stock would tank (there was no way in their minds that it could beat earnings expectations).
Definitely-not-boring news: Against all odds — Nvidia beat expectations and saw its stock surge 8% after hours.
Q: That’s cool — but what does this have to do with crypto?
A: Nothing. At least, not directly…
We love discovering new possible paths to crypto mass adoption (gaming and social are two of our past favorites) — and we think we might have a new one for the list:
Automated payments for AI agents.
ICYMI: AI ‘agents’ are AI programs that bundle a bunch of services together to perform a broader task on your behalf.
For example, you might prompt: “Write and launch a new Facebook ad campaign for me.”
…in response the AI agent might use ChatGPT to write the ad, Midjourney to create the ad imagery, and Zapier to load it onto Facebook.
Right now, these AI agents are super clunky/unreliable…but eventually, they’re going to be able to do all of the digital grunt work that we all hate doing.
And part of that will involve paying for things.
Payments that will need to be near instant, publicly/permissionlessly verifiable, and dirt cheap.
Cryptocurrency = the prime candidate.