"The Cognitive Revolution" | AI Builders, Researchers, and Live Player Analysis

402 Payment Required: a New Way for AI Agents to Pay, with Nemil Dalal, Dev Platform Lead @ Coinbase


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Nemil Dalal from Coinbase discusses the x402 protocol, a new open standard that enables AI agents to make cryptocurrency payments for online resources using the long-dormant HTTP 402 "Payment Required" status code. The conversation covers stablecoin fundamentals, including how they work and who maintains their stability, before exploring how crypto wallets with multi-signature capabilities could protect AI agents from adversarial attacks while keeping humans in control. They examine forward-looking questions about whether this technology could finally create a viable alternative to advertising models, what happens when millions of AI agents have wallets, and the need for reputation systems in an agent economy. The discussion highlights how cryptocurrency, originally designed to be beyond nation-state control, might become the perfect enabling technology for AI economic participation.

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The AGNTCY: The AGNTCY is an open-source collective dedicated to building the Internet of Agents, enabling AI agents to communicate and collaborate seamlessly across frameworks. Join a community of engineers focused on high-quality multi-agent software and support the initiative at ⁠https://agntcy.org

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"The Cognitive Revolution" | AI Builders, Researchers, and Live Player AnalysisBy Erik Torenberg, Nathan Labenz

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