The x402 protocol won’t be owned by a single entity, with the Linux Foundation serving as the agentic AI protocol’s “neutral, non-profit home,” Coinbase said.
Google, Microsoft and Amazon Web Services are among the Big Tech firms named as founding members of the newly launched x402 Foundation, established to govern and standardize the x402 protocol for agentic AI payments on crypto and fiat rails.
The x402 Foundation was launched on Thursday by the open-source software development non-profit Linux Foundation with the help of Coinbase, the creators of the x402 protocol.
Other founding members of the x402 Foundation include American Express, Mastercard, Visa, Cloudflare, Shopify, Stripe, Circle, Base, Polygon Labs, Solana Foundation, Thirdweb and KakaoPay.
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Author: Brayden Lindrea
