At the Lugano Plan ₿ conference, Tether CEO Paolo Ardoino announced the Local AI Development Kit, a modular software development kit (SDK) for decentralized private peer-to-peer (P2P) AI applications.
This is a big step for privacy in the AI and blockchain space. This technology allows developers to build private AI applications on any device. From low-priced smartphones to mainframes.
The SDK is built on Bare, an open source lightweight JavaScript runtime like Node.js, which allows for asynchronous and event-driven programming.
Bare’s architecture allows applications built on Tether’s SDK to run on any device, making it extremely versatile and easy to deploy. Local AI Kit supports multiple AI models, including Marian and Llama, so you can tailor your application to different tasks.
Tether releases this as open source software, allowing you to build scalable private AI applications that run entirely on your device, without relying on the cloud.
Coinbase-based agents: autonomous on-chain capabilities
Coinbase is working on bringing AI to the blockchain using Based Agents. Introduced by Coinbase product developer Lincoln Ma, Based Agent allows you to build on-chain agents on the Base blockchain in minutes. Seamless setup integrates with Coinbase Developer Platform (CDP) and OpenAI and is hosted on Replit.
All you need is an API key from Coinbase and OpenAI, and a Replit template to build an autonomous agent that can perform a variety of blockchain tasks without supervision. Once set up, the Based Agent can create ERC20 tokens, deploy NFTs, transfer assets, and generate art with OpenAI’s DALL-E, all autonomously.
For non-technical users, this tool simplifies blockchain by automating transactions and smart contract interactions. This agent runs autonomously and executes tasks every 10 seconds based on predefined rules, making it ideal for testing experimental applications in a real blockchain environment.
The intersection of AI and blockchain: new horizons
The latest moves by Tether and Coinbase show that the intersection of AI and blockchain is expanding. Tether’s Local AI kit is about private AI in decentralized networks, and Coinbase’s Based Agent is about AI for on-chain functions.
Together, these are major steps toward a future where AI agents interact seamlessly within the blockchain ecosystem, enabling automation and data privacy.
AI blockchain is getting even bigger as Tether and Coinbase advance this. Open source tools, increased security, and on-chain autonomy are changing the way developers, businesses, and users interact in the digital world.
Will these tools be widely adopted? Let’s take a look. However, the implications for decentralized systems are clear.
Important points:
- Tether’s local AI kit prioritizes privacy with P2P infrastructure and multi-device compatibility.
- Coinbase’s Based Agent allows you to quickly create autonomous blockchain agents on Base.
- Both tools emphasize privacy and automation, and demonstrate the increasing integration of AI into blockchain.
