According to @scottshics, he has begun a thread to share the backstory of a whitepaper focused on agentic payments and AI agents transacting. Source: x.com/scottshics/status/1987536798269260002; x.com/GoKiteAI/status/1984254607069999116 He states the catalyst was early February 2025 after being shocked by DeepSeek’s reasoning performance, leading him to conclude that AI agents will act and transact and that existing infrastructure is not ready. Source: x.com/scottshics/status/1987536798269260002; x.com/GoKiteAI/status/1984254607069999116 He reports initial pushback from investors and his team, noting many saw payments as a solved problem and AI agents as science fiction. Source: x.com/scottshics/status/1987536798269260002; x.com/GoKiteAI/status/1984254607069999116 He situates this work before milestones he lists as A2A in April, x402 in May, and a Payment hype phase from August onward in 2025, framing a clear timeline for the AI-agent payment narrative. Source: x.com/scottshics/status/1987536798269260002; x.com/GoKiteAI/status/1984254607069999116 He confirms there were multiple internal debates on whether agentic payments were the right direction. Source: x.com/scottshics/status/1987536798269260002; x.com/GoKiteAI/status/1984254607069999116 He does not name any specific cryptocurrencies, tokens, or platforms in this update. Source: x.com/scottshics/status/1987536798269260002; x.com/GoKiteAI/status/1984254607069999116 The dated sequence of A2A (April), x402 (May), and Payment hype (August onward) provides reference points traders can use to map the 2025 AI-payment narrative. Source: x.com/scottshics/status/1987536798269260002; x.com/GoKiteAI/status/1984254607069999116

According to @cas_abbe, MiraNetwork funded a $2,000 wallet that Aven will autonomously use to buy Pokémon packs via x402, with every step verified onchain and rewards airdropped to users without human intervention, source: @cas_abbe on X and @MiraNetwork on X. The post describes this as the first real look at how x402 plus Mira enable trustless, verifiable payments for autonomous agents, addressing the lack of proof-backed onchain spending by AI agents, source: @cas_abbe on X.

According to @PANewsCN citing CoinGecko data, the x402 ecosystem’s total token market cap reached $800,196,550 in the last 24 hours, up 361%. According to @PANewsCN citing CoinGecko, BNKR’s market cap is about $62.68 million with a 24-hour gain of 16.4%, and PAYAI is about $60.64 million with a 24-hour gain of 143%. According to @PANewsCN, x402 defines an internet-native micropayment channel based on HTTP 402 and stablecoins, enabling automated clients and AI agents to pay for APIs, data, and compute in real time with low friction and no intermediaries.

According to jesse.base.eth, x402 introduces a significant upgrade to paid APIs by enabling instant onchain payments, making them up to 10 times better for developers seeking seamless integration with blockchain technology (source: Twitter/@jessepollak, May 7, 2025). This innovation allows API providers to receive payments directly and immediately onchain, reducing settlement times, minimizing fraud risk, and increasing transparency. For crypto traders and developers, x402's approach could boost the adoption of decentralized finance (DeFi) protocols and drive demand for cryptocurrencies used in API transactions, potentially impacting token liquidity and trading volumes.