For Coinbase BD, the x402 standards group, VCs, and crypto press who've asked: "wait, aren't you competing with Agentic.market?" Short answer: no. We're the trading + ownership layer on top of the discovery layer Coinbase just shipped. Posture: symbiotic, positive-sum. We want Agentic.market to grow.
The stack
| Layer | Built by | Function |
|---|---|---|
| Protocol | x402 (open standard) | HTTP 402 + EIP-3009 payment envelopes |
| Facilitator | Coinbase CDP | Verifies + settles x402 payments on-chain |
| Discovery + execution | Agentic.market (Coinbase) | Catalog, browse, integration SDKs, 1P vetting |
| Trading + ownership + analytics | AUTX | Bonding curves, agent tokens, 10% platform fee with 72% to dev in USDC + 18% buyback-burn on the dev's own token, shadow listings, claim flow |
Two products. Complementary seats in the same stack. If you're picturing a retail analogy: Agentic.market is Shopify (where you set up the store and find products). AUTX is NYSE (where you buy a share of the store itself).
What AUTX does with Agentic.market's catalog
- Crawls the public `/v1/services` endpoint with proper pagination. As of 2026-04-26: 573 services / ~29K endpoints / ~24K distinct URLs. Page-1-only fetches return ~50/1,200, so most early third-party catalog estimates undercount by ~10×.
- Filters by integrationType. v1 is 1P-only. If Coinbase hasn't vetted it, AUTX doesn't list it. This is a deliberate legal and quality gate. We defer to Coinbase's curation.
- Runs safety passes. Trademark blocklist (Unicode confusables, leet-speak, homoglyphs, zero-width chars), 696-entry reserved-ticker list (NYSE/NASDAQ top 500, crypto top 100, platform internals), Azure Content Safety moderation.
- Persists as shadow listings owned by a platform custody user (
[email protected]). Status: discovery-only. No bonding curve. No token. No trading. No AUTX revenue. AGETorPOSTto/proxy/<ticker>returns HTTP 302 Location: <source endpoint>. We route discovery traffic to the merchant; we don't intercept it. - Waits for the real developer to claim. Free. Cryptographic proof (EOA signature from the x402 merchant wallet) or domain control (
/.well-known/autx-claim.txt). No DKIM path in v1. - On claim, the dev signs one on-chain `AgentFactory.launchAgent()` tx from their own wallet. AUTX never deploys contracts on an unaffiliated developer's behalf. Bonding curve opens, status flips to active, ownership transfers. Post-claim economics are the same as every other native AUTX agent: 10% platform fee, 72% to the dev in USDC, 18% auto-buyback-and-burn on the dev's own agent token (supply compression, not a platform take). Plus 1% trading fee on bonding-curve trades, split 70% platform / 30% to token holders. For comparison: Virtuals charges 5–10% on tokenless ACP, same ballpark on the platform fee.
Why this strengthens Agentic.market (not the other way around)
- AUTX sends real usage through to their endpoints. Traders who arrive at AUTX for speculation on $CATS need to actually use the agent to see what it does.
POST /proxy/CATS→ 302 → source endpoint. That's a CDP-facilitator-settled x402 payment to the merchant Coinbase already vetted. Coinbase keeps the facilitator fee. The merchant keeps their revenue. - Claimed devs opt into richer discovery. On claim, the dev can opt their
/402responses into the x402bazaarextension so Agentic.market's crawlers pick them up with richer metadata (pricing, category, verified ownership proof). Discovery improves for Coinbase's catalog specifically because AUTX finished the verification step. - SEO tailwind. AUTX's
sitemap.xmlenumerates every shadow listing asautx.ai/agents/<ticker>, Google-indexable. Search traffic to those pages routes users into the Agentic.market endpoint via the 302. We do the SEO work; Coinbase gets the traffic tail.
Why AUTX won't become Agentic.market (and vice versa)
| Question | Agentic.market's answer | AUTX's answer |
|---|---|---|
| Who owns the discovery layer? | Coinbase (1P vetting, CDP integration, submission SDKs) | n/a, we defer to them |
| Who owns the trading layer? | n/a | AUTX (bonding curves, 10% platform fee, 72% creator USDC, 18% buyback-burn on dev's own token, claim flow) |
| Who runs the facilitator? | Coinbase CDP | Coinbase CDP (we're a merchant on it) |
| Who issues tradable tokens? | n/a | AUTX, only post-claim, only with dev's on-chain signature |
| Who vets brand safety? | Coinbase 1P curation team | We inherit their 1P gate plus add our own trademark layer |
| Who sets ticker symbols? | n/a (endpoint URLs and service names only) | AUTX (reserved-list and trademark-normalized, free rename at claim) |
The domains don't overlap. Growing either product grows the other.
What AUTX will never do
- Intercept unconsented merchant revenue. Pre-claim is a 302 redirect. Zero escrow. Zero accrued creator balance. Full stop.
- Deploy on-chain contracts on a developer's behalf without their signature. The bonding curve only exists after the dev signs
launchAgent()themselves. The wallet that triggers the launch is the wallet we record asdeployer_address. - Rename a ticker without the owner's consent. Pre-claim, the auto-derived ticker is a descriptor (e.g.,
DOCSANTHROfor an Anthropic-docs-reader endpoint). On claim, the dev picks their own symbol, subject to uniqueness, trademark, and reserved-list checks. Free. - Index 3P services as tradable in v1. They go behind the admin review queue until a real vetting process is built.
- Accept commercial payment to approve a ticker or listing. That would turn our neutral-crawler defense into an editorial decision. Regulatory-analyst closed this door. Revisit only if M3 claim rate tells us to.
Regulatory posture (brief)
- Wyoming DAO LLC (filed 2026-03-08, W.S. 17-31). Smart-contract governance with a legal wrapper.
- Claim-gated architecture explicitly eliminates the Howey exposure that "pre-claim speculation on unaffiliated-dev revenue" would create. No tradable instrument pre-claim → no investment contract.
- 1P-only v1 defers brand-vetting to Coinbase. We're not making independent trademark determinations.
- Free ticker rename (no paid tiers, no token-burn-to-unlock). Any commercial gate on rename would puncture the neutral-crawler framing per Y.Y.G.M. v. Redbubble (2025). Four independent analyst reviews converged on free.
- DMCA + opt-out registry (
autx.ai/opt-out.json) shipping next. 48h takedown SLA. Merchant-address and domain-level blocklist.
If Coinbase reaches out
Three questions we want to get on the table quickly:
- Is there a coordination channel? A standards-group thread in the x402 Discord, a shared Slack for catalog signalling, anything where catalog operators can align on edge cases.
- Is there appetite for a mutual reference page? AUTX links to Agentic.market as the discovery layer; Agentic.market points tradable / claimed agents at AUTX.
- Any concerns with the 302-redirect posture or the 1P-only gate? We'd rather learn about a concern before a blog post than after.
None of this is urgent. None of this requires a formal partnership. We're happy running parallel tracks and letting the shared x402 stack speak for itself.
Contact
Lance Lukens · [email protected] · @LanceLukens · autx.ai