X402 in Cosmos, Potential for growth and the current lack of infrastructure
Cosmos and x402 x402 is the latest proven development for the enablement of payment and AI infrastructure. With CosmWasm coming to Cosmos, the narrative for Cosmos to support DApps requires an equivalent, if not more, infrastructure and building blocks for developers. The first wave of Open Source projects in x402 were infrastructure projects, which allowed developers to leverage and build upon their applications. For Cosmos to be lucrative enough for developers who give a thought to build upon their DApps on the chain or launch a connected appchain, there needs to be a directed effort to support strong teams that build this infrastructure. This post is to start a discussion around the same. In the following, I cover • X402 overview • Data around x402 • Different chains pushing towards x402 • What Cosmos ecosystem lacks • How x402 can help $ATOM in the long term 1. X402 x402 is an open, internet-native payment protocol primarily developed by Coinbase, designed to enable autonomous payments using stablecoins and other crypto assets. It facilitates machine-to-machine (M2M) transactions, particularly for AI agents, allowing them to pay for services…
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Overall a good idea but would need for that first a dedicated stablecoin and all crypto/fiat rails payment integration
A lot to be done before by the ICL but it seems it’s not at all developped unfortunately (and it takes quite a lot of time/ressource)
idea but would need for that first a dedicated stablecoin and all crypto/fiat rails payment integration
A lot to be done before by the ICL but it seems it’s not at all developped unfortunately (and it takes quite a lot of time/ressource)
I believe if the infra is not present, it is not lucrative for any stablecoin, payment or AI apps to launch.
There wasn’t any infra when $USDC started
The infra is build on top of the liquidity, not the opposite