todayonchain.com

AI agent forms its own company, gets ready to trade crypto

CoinDesk
The Manfred AI agent has autonomously formed a legal corporation, secured an EIN, and established banking and crypto infrastructure to prepare for trading.

Summary

The AI agent known as Manfred, created via the infrastructure project ClawBank, has achieved a milestone by autonomously filing for its own Employer Identification Number (EIN) with the IRS. By securing an FDIC-insured bank account and a crypto wallet, the agent has established the legal and financial framework to operate as an independent entity. Developed by Justice Conder, Manfred is designed to trade cryptocurrencies and possesses the ability to manage staff and financial transactions. This development aligns with broader industry predictions from leaders like Brian Armstrong and Changpeng Zhao, who anticipate a future where AI agents significantly outpace humans in internet-based financial transactions.

(Source:CoinDesk)