Franklin Templeton Says Agentic AI Is Crypto's 'Killer Use Case'
The x402 Foundation—40 organizations including Visa, Mastercard, and AWS building open payment rails for AI—launched formally on July 14. The protocol revives a forgotten HTTP status code from 1991, originally reserved for web payments that never materialized, and puts it to work letting software pay software directly over the internet.
If each agent buys data, compute, and API access using a blockchain's native token, demand for coins like Solana and Ethereum could follow volume.
Kaul's conclusion is direct: "I believe what will become increasingly clear in coming years is that in order to capture the value of decentralized networks and businesses, investors will need to buy the cryptocurrencies and alt coins being issued by those entities."
Agentic commerce—AI systems transacting autonomously on behalf of humans, from buying cloud compute to booking flights—is projected at $3 trillion to $5 trillion by 2030, according to a report by McKinsey & Company.
This article has been published in decrypt.co via Yahoo News.
Franklin Templeton Says Agentic AI Is Crypto's 'Killer Use Case'
The asset manager argues that AI software capable of paying for things autonomously will need blockchain rails to work—and that most investors aren't positioned for it.
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