Market News

MultiversX Pioneers AI-Driven Commerce by Integrating Google Standards and Coinbase's x402 Payments

MultiversX has achieved a significant milestone by becoming the first blockchain to integrate Google’s Universal Commerce Protocol (UCP).

UCP facilitates AI agents to transact autonomously on MultiversX's network, eliminating the need for human intervention.

Introduced by Google in January, the UCP aims to empower AI assistants in discovering products, negotiating prices, and completing purchases across various online platforms.

This development comes in conjunction with the competition among blockchain networks to serve as the backbone for an emerging AI-enabled commerce ecosystem.

With this integration, AI models such as ChatGPT and Claude can now directly check wallet balances and execute transactions efficiently.

MultiversX addresses the common issue of AI systems misinterpreting blockchain instructions, providing a standardized framework for reliable interactions.

In addition, the integration of Coinbase-incubated x402 payment protocol enhances this capability by facilitating seamless transactions for apps and AI agents.

This protocol allows for automatic payments without the cumbersome process of logins or manual checkouts, streamlining various commerce operations.

The synergy of Google’s UCP and Coinbase’s x402 is set to revolutionize 'agentic commerce,' enabling dynamic AI-driven financial interactions.

Potential applications extend as far as automated trading strategies and research agents paying directly for data access, thus reshaping the landscape of how AI engages in the commercial world.