Ethereum Foundation Ponders Artificial Intelligence Economy through New ERC-8004 Protocol
The Ethereum Foundation is making significant strides in the blockchain industry, announcing plans to create job openings, research partnerships, and funding programmes for decentralized agent infrastructure.
At the heart of this initiative is the dAI team, led by Davide Crapis, which is an extension of the Ethereum Foundation's long-standing principles. The dAI team is developing open standards for AI payments and coordination, aiming to promote agent identity, coordination, and the development of interoperable protocols.
One of the key projects the dAI team is working on is the standard ERC-8004. This protocol is designed to make AI agents discoverable, verifiable, and able to transact seamlessly on Ethereum. The team plans to finalize ERC-8004 by November and unveil it at Devconnect in Buenos Aires.
As for the current market status, Ethereum (ETH) is trading at $4,508, down 0.36% on the day. The price momentum has cooled after its recent rally, trading at $4,508 at press time. The daily chart shows a series of red candles following last week's surge, indicating profit-taking and fading bullish pressure.
Despite the minor dip, the current trading price of Ethereum (ETH) is approximately $4,490 to $4,505 USD, showing stability after a recent decline. Market activity is influenced by upcoming upgrades and ETF approval prospects according to analyses around mid-September 2025.
The Relative Strength Index (RSI) shows that buying strength is neutral rather than overheated, suggesting a balanced market. On the other hand, the On-Balance Volume (OBV) is at 13.08 million, reflecting a slowdown in trading activity compared to the earlier upswing.
With momentum easing and sellers regaining ground, Ethereum appears to be consolidating rather than extending its breakout. However, the long-term outlook for Ethereum remains positive, given the ongoing development and adoption of decentralized technologies.
In conclusion, the Ethereum Foundation's new dAI team and the development of ERC-8004 mark significant steps towards a more decentralized and interoperable future for AI agents on the Ethereum network. As the market stabilizes, investors and developers alike will continue to watch with interest as these developments unfold.
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