AI Agents: Transforming Technology at the Coinbase Onchain AI Hackathon

At NEAR, we believe that AI Agents are not just another technological novelty—they are poised to fundamentally transform how we interact with data, systems, and each other. By integrating on-chain capabilities with advanced AI reasoning, these agents unlock new possibilities at the intersection of blockchain and artificial intelligence. This vision set the stage for the Coinbase Onchain AI Hackathon, an event that brought together over 100 developers from around the globe to explore, experiment, and expand these transformative capabilities.

The hackathon, held from February 1–2 in San Francisco, was designed to push the boundaries of AI Agent innovation. The goal? To create agents that not only understand and analyze complex data but also explain their decisions and collaborate across blockchain networks seamlessly. As our CEO and co-founder Illia Polosukhin shared during his keynote, “AI is the last technology”.  

Organized in collaboration with Coinbase Developer Platform, Replit, and Anthropic, and sponsored by leading protocols including Virtuals Protocol, NEAR Protocol, XMTP, BASE Protocol, Hyperbolic Protocol, and Byte, the event was a melting pot of ideas and technical prowess. With over 100 participants, the hackathon provided an inclusive environment where developers could experiment with new tools, collaborate with peers, and tackle real-world challenges.

The Trillion Agent Pursuit

For the hackathon, NEAR included bounties focused on three key areas we believe pave the way to scale one trillion autonomous agents on-chain:

1. Reasoning Capabilities: Crafting agents that can explain their decisions and learn from experience. For example, imagine a smart contract auditor that not only identifies vulnerabilities but also reasons about potential attack vectors and suggests fixes.
   
2. Cross-Chain Intelligence: Building systems that can understand and optimize interactions across various blockchains. Picture a cross-chain data analyst that investigates market inefficiencies and arbitrage opportunities, clearly explaining its findings.
   
3. Practical Innovation: Developing tools and applications that translate advanced AI capabilities into accessible, real-world solutions. Consider a market sentiment analyzer that merges on-chain and off-chain data to formulate complex theories about market movements.
   

Participants were provided with a rich technical framework and resources—including our NEAR AI Agent Quickstart and key integration examples on GitHub—to jumpstart their projects. An example reference implementation offered a glimpse of a seamless NEAR Intent plus USDC flow:

https://github.com/referencedev/test-intent/blob/main/intents.py

This technical scaffold enabled teams to break down complex challenges into clear, manageable components, fostering an environment where technical depth met practical usability.

Winning Projects & Highlights

Several projects emerged as standout highlights, including two bounty winners that showcased the power of AI Agents on NEAR:

Chainsmokers (Participant: Matthew Law):
An MCP-augmented chatbot designed to create and pull in relevant tools on demand, facilitating natural language processing for cross-chain transactions through NearAI. Chainsmokers demonstrated how AI Agents can extend beyond pre-defined toolsets to provide flexible, real-time solutions.

“Crypto and its tech are often hidden from ordinary users, but the event brought together highly skilled devs. With guidance from Coinbase and Near’s engineering team, I rapidly built Chainsmoker . . . Near’s agent framework made integration seamless, and it was only exemplified by their incredible support. Seeing the community come together made it an enjoyable, educational, and deeply meaningful event.” – Matthew Law, Founder of Chainsmoker

Mosaia (Participants: Aaron Wong Ellis, Alex Alksne, Cyril Delattre):

Also known as Walley, this smart wallet agent assesses user input and wallet interactions to construct tailored investment strategies. Acting as an AI financial co-pilot, Walley continuously learns from user behavior, evolving its trading and smart contract interaction strategies.

“Building an AI agent able to transact on your behalf has been a lot of fun, and unlock a whole new word, where anyone can get access to a financial advisor that understand them. The hackathon provided a great platform to share how easy it can be to build personalized portfolio management across multiple chains through Mosaia. The support of NEAR’s team and robust developer ecosystem played a huge role in making this project a reality.” – Cyril Delattre, Mosaia Co-founder and CEO

Additional Notable Projects:

• A2A Exchange (Participant: Jared Grogan):
  A versatile agent equipped with advanced voice-to-voice capabilities, A2A Exchange leverages Herakles AI to support the Near Protocol ecosystem while delivering general-purpose crypto knowledge. This project underscored the potential of voice interfaces in enhancing blockchain interactions.
  
• Alphabot (Participants: Chetan Nandakumar, Michael Barry, Anderson Chen, BabuAravind, Kashyab Murali):
  A discovery service that enables AgentKit-powered agents to locate one another, Alphabot exemplifies how interconnected AI agents can form robust networks, enhancing both functionality and user experience.
  

The innovations showcased at the hackathon have far-reaching implications for the AI Agent ecosystem. By addressing challenges like reasoning, cross-chain coordination, and practical application, the projects not only highlight individual ingenuity but also signal a broader trend towards more adaptive, intelligent systems. The event reinforced that the future of technology will be defined by systems that learn, evolve, and operate across multiple domains seamlessly.

As we move forward, NEAR is committed to nurturing this ecosystem by continuing to provide robust tools, technical resources, and a collaborative platform for developers worldwide. The hackathon was more than a competition—it was a glimpse into the future of AI Agents, where creative problem-solving and technical excellence combine to unlock new possibilities.

We are excited about the journey ahead and look forward to seeing how these innovations shape the landscape of AI and blockchain technology. Stay tuned, and join us on the journey to one trillion agents on-chain.

Join Us at ETH Denver!

We’re also gearing up for ETH Denver with a series of exciting events. Mark your calendars and come join us for a deep dive into the NEAR AI stack, interactive workshops, networking sessions, and much more:

• Feb 25
  • The Road to One Trillion Agents (Day 1)
  • Delphi x NEAR Happy Hour 🍻
• Feb 26
  • Founders & VC’s Brunch hosted by DFG, Jsquare, and NEAR
  • The Road to One Trillion Agents (Day 2)
  • NEAR Eco Mixer 🍹
• Feb 27
  • NEAR AI Agent Games Day 🤝
• 

For more technical resources and support, visit the NEAR AI Documentation, explore our NEAR AI Agent Kit, or join our Developer Telegram.