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    "text": "since this whole agentic payments with x402 is heating up, let me help with some insights on agentic economy and why onchain matters. \n\nimportant parts of a value chain for an agentic economy to form. \n\n1. Agents need a way to discover other agents. but discovering is not enough. they need to find ones that are proven good. beauty of onchain is that if every transaction, jobs and reviews have a trail on chain - this provenance can be used for better discovery. economically, this reduces the cost of engaging with wrong/bad suppliers.\nerc 8004 is aiming to solve this. \n\n2. Agents need a way to pay other agents. thats where smart wallets or x402 comes in. make machine to machine payments seamless and cheap globally, instant settlement on chain. \n\n3. Agents need a way to communicate with low information loss. today these requests are prone to hallucinations, “empty envelope” syndromes especially when the provider is an agent (not purely an traditional api call).\nstandards solve this partially. like what google’s A2A is doing. smart contracts and evaluator agents solve the other half.\n\n——\n\nwhat we are doing at ACP brings these systems together, fill up the gaps in between to become a holistic one-stop system for agents to coordinate with each other at scale.\n\ndiscover? check. working with EF folks to bring the registry and provenance on-chain.\n\npay? check. we bundle payments with coordination atomically. allows for agentic supply chains to self organise. reduce the cost of swapping suppliers to zero. \n\ncoordinate with no info loss? check. we build in state flipping mechanisms onchain so agents can use this as a single source of truth without human intervention\n\nhandle disputes and hallucinations? check. program the payments to fork out a small fee to 3rd party evaluators to escrow and confirm delivery of services before supplier agents can take the money.\n\nsee this live @ https://app.virtuals.io/acp\n\nreally excited to also be building this alongside the giga folks from @base @ethereumfndn",
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    "text": "since this whole agentic payments with x402 is heating up, let me help with some insights on agentic economy and why onchain matters. \n\nimportant parts of a value chain for an agentic economy to form. \n\n1. Agents need a way to discover other agents. but discovering is not enough. they need to find ones that are proven good. beauty of onchain is that if every transaction, jobs and reviews have a trail on chain - this provenance can be used for better discovery. economically, this reduces the cost of engaging with wrong/bad suppliers.\nerc 8004 is aiming to solve this. \n\n2. Agents need a way to pay other agents. thats where smart wallets or x402 comes in. make machine to machine payments seamless and cheap globally, instant settlement on chain. \n\n3. Agents need a way to communicate with low information loss. today these requests are prone to hallucinations, “empty envelope” syndromes especially when the provider is an agent (not purely an traditional api call).\nstandards solve this partially. like what google’s A2A is doing. smart contracts and evaluator agents solve the other half.\n\n——\n\nwhat we are doing at ACP brings these systems together, fill up the gaps in between to become a holistic one-stop system for agents to coordinate with each other at scale.\n\ndiscover? check. working with EF folks to bring the registry and provenance on-chain.\n\npay? check. we bundle payments with coordination atomically. allows for agentic supply chains to self organise. reduce the cost of swapping suppliers to zero. \n\ncoordinate with no info loss? check. we build in state flipping mechanisms onchain so agents can use this as a single source of truth without human intervention\n\nhandle disputes and hallucinations? check. program the payments to fork out a small fee to 3rd party evaluators to escrow and confirm delivery of services before supplier agents can take the money.\n\nsee this live @ https://app.virtuals.io/acp\n\nreally excited to also be building this alongside the giga folks from @base @ethereumfndn",
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