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AI agents may boost blockchain activity but not token value, Fidelity warns
Fidelity Digital Assets said AI-driven use cases could concentrate economic value in liquidity, distribution, security, and regulatory integration instead of tokens.
CoinDesk reports that Fidelity Digital Assets, the crypto arm of Fidelity Investments, says cheaper AI development could increase crypto activity, but that much of the value may not accrue to public blockchains and their tokens.
In a report released Wednesday, analysts highlighted that the key risk is not how much activity AI generates, but who captures the economic value. Fidelity Digital Assets noted that competitive advantages could shift toward factors such as liquidity, distribution, security, trust, and regulatory integration rather than technology alone.
The article cites a Keyrock report showing that AI agents settled more than $73 million across roughly 176 million blockchain transactions in the year through April. It also points to systems being developed for machine-to-machine payments, including by Coinbase, Stripe, and Visa.
The report also frames the AI-crypto convergence around autonomous software agents that can make decisions, buy data and computing power, and transact without human intervention. While it notes that stablecoins and blockchains can support programmable micropayments, it warns that more app development does not guarantee demand or product-market fit.