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

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. Sponsors: Google Gemini 2.5 Flash: Build faster, smarter apps with customizable reasoning controls that let you optimize for speed and cost. Start building at https://aistudio.google.com Oracle Cloud Infrastructure: Oracle Cloud Infrastructure (OCI) is the next-generation cloud that delivers better performance, faster speeds, and significantly lower costs, including up to 50% less for compute, 70% for storage, and 80% for networking. Run any workload, from infrastructure to AI, in a high-availability environment and try OCI for free with zero commitment at https://oracle.com/cognitive 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/?utmcampaign=fy25q4agntcyamerpaid-mediaagntcy-cognitiverevolutionpodcast&utmchannel=podcast&utmsource=podcast NetSuite by Oracle: NetSuite by Oracle is the AI-powered business management suite trusted by over 42,000 businesses, offering a unified platform for accounting, financial management, inventory, and HR. Gain total visibility and control to make quick decisions and automate everyday tasks—download the free ebook, Navigating Global Trade: Three Insights for Leaders, at https://netsuite.com/cognitive PRODUCED BY: https://aipodcast.ing SOCIAL LINKS: Website: https://www.cognitiverevolution.ai Twitter (Podcast): https://x.com/cogrev_podcast Twitter (Nathan): https://x.com/labenz LinkedIn: https://linkedin.com/in/nathanlabenz/ Youtube: https://youtube.com/@CognitiveRevolutionPodcast Apple: https://podcasts.apple.com/de/podcast/the-cognitive-revolution-ai-builders-researchers-and/id1669813431 Spotify: https://open.spotify.com/show/6yHyok3M3BjqzR0VB5MSyk