Vision
Vision
The Scaffolding Nobody Voted On
Somewhere in Cloudflare's infrastructure, an AI agent now carries a $100 monthly credit limit. It can open accounts, start paid subscriptions, deploy code. No human signs off on the individual purchase.
That would be interesting enough on its own. But in the same few months, at least two other companies built remarkably similar plumbing from completely different directions: wallets for agents to hold money, protocols for agents to negotiate purchases, on-chain standards for agents to prove who they are. Nobody coordinated this work. Nobody voted on it. The convergence is the tell.
The Scaffolding Nobody Voted On
Somewhere in Cloudflare's infrastructure, an AI agent now carries a $100 monthly credit limit. It can open accounts, start paid subscriptions, deploy code. No human signs off on the individual purchase.
That would be interesting enough on its own. But in the same few months, at least two other companies built remarkably similar plumbing from completely different directions: wallets for agents to hold money, protocols for agents to negotiate purchases, on-chain standards for agents to prove who they are. Nobody coordinated this work. Nobody voted on it. The convergence is the tell.
What Breaks Next
The Liability Vacuum
AI agents can browse stores, compare prices, and complete purchases on behalf of users. A federal court just ruled they may have no legal right to do any of it. The infrastructure for agent commerce is deploying now; the accountability framework that should govern it is still a draft. Legal systems have absorbed strange new economic actors before. The absorptions tend to be ugly, and the gap before they arrive is where the exposure lives.
The Platform Without an Audience
Agents are becoming commercial actors, but the platforms where they spend money were built for a different kind of customer. One with eyes, attention, and a susceptibility to advertising. Agentic browser traffic is growing at rates that make the shift feel abstract until you look at what it breaks: loyalty programs, recommendation engines, ad placements, the entire logic of the commercial web. What does a platform sell when nobody's watching the storefront?
The On-Chain ID
In January, Google, Coinbase, MetaMask, and the Ethereum Foundation shipped a shared answer to a question that enterprise infrastructure has been circling for years: how does an autonomous agent prove who it is to a stranger? ERC-8004 provides three on-chain registries for agent identity, reputation, and validation. No payments, no execution logic. Just the minimum viable layer so non-human actors can discover and evaluate each other without a pre-existing trust relationship.
SPIFFE and OAuth address similar problems inside organizational walls. ERC-8004 addresses it for the open web. The coalition behind it suggests the problem has moved from theoretical to load-bearing.
Further Reading
