Armstrong explained that one AI agent — basically a “bot” designed to carry out a certain task — used crypto tokens to interact with another AI agent and acquire AI tokens. These AI tokens are essentially strings of data that enable algorithms to learn from information. “They used tokens to buy tokens,” Armstrong reiterated. He further explained that a key reason AI agents aren’t effective right now is their lack of transaction capabilities. Without a payment method, they struggle with basic tasks like booking plane tickets or hotels, and even managing social media tasks beyond just creating content, such as promoting posts with paid ads. “AI agents cannot get bank accounts, but they can get crypto wallets. They can now use USDC on Base to transact with humans, merchants, or other AIs. Those transactions are instant, global, and free,” Armstrong added.
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As Web3 becomes more mainstream, there is an incredible uptick in the demand for roles in crypto and blockchain companies. While this demand will only continue to grow, there is also a positive trend in companies growing their teams. Crypto Jobs List, a jobs board, recorded about 600 new crypto and blockchain job listings in the month of July 2024. The reason for the crazy job market? It could be a sprint after a long bear market for many industry professionals (the ones that made it through) and their excitement to get the flywheel moving again while productivity and funding is on the rise. The increased adoption of crypto and blockchain is also contributing to the increased supply of people looking to be involved. As mentioned before, all the money flowing into the space after many years of withholding investing in crypto after the FTX scandal has created an ideal opportunity for founders to hire the top talent they need.
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Bitcoin BTC -2.30% continued its recent downturn, falling alongside tech stocks after stronger-than-expected U.S. economic growth data. After Thursday's opening bell, the tech-heavy Nasdaq Composite fell 215.43 points, or 1.246%, to 17,126.98, while the S&P 500 dropped by 21.93 points, or 0.4%. Bitcoin also failed to reverse its near-term downtrend after GDP data showed Thursday that the U.S. economy grew by 2.8% in Q2 2024, beating economist forecasts of a 2% gain. The largest digital asset by market capitalization traded flat over the past 24 hours, now changing hands for $63,800 at 10:24 a.m. ET, according to The Block's Price Page.
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