Coinbase incubated the x402 protocol and launched the artificial intelligence robot application store Agent.market

According to The Block, the x402 Foundation, incubated by Coinbase, has announced the launch of the unified platform Agent.market, aimed at providing an "app store"-like service entry for AI robots.

The platform is built on the x402 protocol and helps users and robots access hundreds of tools and services. The x402 protocol is named after the unused HTTP 402 "Payment Required" status code, allowing websites, APIs, and AI robots to request and receive instant micropayments through blockchain and traditional payment channels. The protocol is managed as an open standard by the x402 Foundation under the Linux Foundation and has the support of over 20 organizations and crypto companies, including Cloudflare, Stripe, AWS, Google, Visa, Base, Circle, and the Solana Foundation.

When Agent.market goes live, it will cover seven major categories including reasoning, data, media, search, social, infrastructure, and trading, with service providers including OpenAI and Venice (reasoning); Bloomberg and CoinGecko (data); LinkedIn, X, and AgentMail (social); AWS Lambda, QuickNode, and Alechemy (infrastructure); as well as Bankr and Coinbase RAT (trading). Providers can join the marketplace without permission.

Erik Reppel, the creator of the x402 protocol, stated that there are currently about 69,000 active agent robots on the protocol, which have completed over 165 million transactions with a transaction volume of 50 million dollars. He pointed out that agent commerce based on x402 is reshaping the customer acquisition activation costs for businesses, as robots can now access services at a very low setup cost without needing API keys.