[Coinbase and Cloudflare to Collaborate in Establishing the x402 Foundation, Aiming to Establish x402 as the Universal Standard for AI-Driven Payments] According to the official blog, Coinbase announced a collaboration with Cloudflare to jointly launch the x402 Foundation, aiming to establish x402 as the universal standard for AI-driven payments. Coinbase stated that the x402 protocol is revolutionizing the way internet payments are conducted. By leveraging the HTTP '402 Payment Required' status code, x402 embeds payments directly into web interactions, enabling AI agents, APIs, and applications to exchange value as seamlessly as they exchange data. This innovation eliminates the friction of traditional payment systems, paving the way for a new era of automated and scalable commerce. The x402 Foundation will focus on the following areas: 1. Governance: Establishing x402 as a neutral, open standard to encourage adoption by developers, businesses, and AI platforms. 2. Ecosystem Development: Supporting developers building on the x402 framework through grants, tools, and resources. 3. Interoperability: Ensuring x402 operates seamlessly across different platforms, industries, and regions.