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Coinbase incubated x402 protocol launches AI robot app store
Golden Finance reports that on April 21, the x402 Foundation, incubated by Coinbase, announced the launch of a unified platform called Agent Market, aimed at providing an “app store”-like service gateway 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 micro-payments through blockchain and traditional payment channels. The protocol is managed as an open standard by the x402 Foundation under the Linux Foundation and is supported by more than 20 organizations and crypto companies, including Cloudflare, Stripe, AWS, Google, Visa, Base, Circle, and the Solana Foundation.
When launched, Agent Market will cover seven categories: reasoning, data, media, search, social, infrastructure, and trading. Service providers include OpenAI and Venice (reasoning); Bloomberg and CoinGecko (data); LinkedIn, X, and AgentMail (social); AWS Lambda, QuickNode, and Alechemy (infrastructure); and Bankr and Coinbase RAT (trading). Providers can join the market without licensing.
Erik Reppel, creator of the x402 protocol, stated that there are currently about 69k active proxy robots on the protocol, with over 165 million transactions totaling $50 million. He pointed out that proxy-based business models are reshaping customer acquisition costs for enterprises, as robots can now access services at extremely low setup costs without API keys.