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Coinbase's **x402 internet-native payment protocol** is gaining momentum at EFDevcon 2024. The protocol enables direct stablecoin payments over HTTP, eliminating traditional payment intermediaries. **Key features:** - Settles payments in seconds - Supports micropayments globally - No currency conversion needed - Removes chargebacks and middlemen **Current adoption** includes builders like Unibase, Pieverse, AEON Community, and Termix integrating x402 for autonomous AI agent payments. The protocol works alongside **ERC-8004 standards** for trustless agent interactions, representing a shift toward agent-to-agent payment models. [Explore the ecosystem](https://www.x402.org/ecosystem)

**Monad mainnet is now live**, marking a significant milestone for the Layer 1 blockchain. Key features include: - **Full EVM compatibility** for seamless developer migration - **Parallel transaction execution** enabling high throughput - **MonadBFT consensus** with fast finality - **10,000+ TPS** capacity AltLayer has joined as an early validator, citing alignment with Monad's technical fundamentals. Users can now **delegate MON tokens** to AltLayer's validator to: - Earn staking rewards - Strengthen network consensus - Boost decentralization - Help secure the network The launch represents a major step forward for high-performance EVM-compatible blockchains.

**AltLayer announced its x402 Suite** at EFDevcon, building on Coinbase's x402 payment standard to create infrastructure for autonomous agent transactions. The suite includes three core components: - **x402 Facilitator** - handles payment processing - **x402 Gateway** - manages network interactions - **x402 integration tools** - enables seamless adoption **Key features:** - Pay-per-request model eliminates subscriptions - Chain-agnostic functionality across networks - Verifiable, autonomous payments for agents and APIs - Reduced complexity for developers and users This represents a shift toward **"agentic economics"** where autonomous systems can transact independently without human intervention. The x402 standard enables signed requests that are verified and settled on-chain. **Why it matters:** As AI agents become more prevalent, they need native payment rails to operate autonomously. AltLayer's suite aims to provide the missing infrastructure piece for the emerging autonomous web. The x402 Suite is positioned as infrastructure for the next generation of web3 applications where agents, APIs, and users can interact seamlessly through verifiable payment layers.

The **$2000 reward pool** has been distributed to the Top 20 winners of the Babylon Labs x AltLayer Baby Loong Loong creative challenge. Participants showcased remarkable creativity through diverse mediums including: - Pebble art - Elaborate lore - Rap tracks - Costume play - Bamboo carvings - Knitted designs - Wall art - Clay sculptures - Lightning lamp installations The challenge successfully brought together community members who reimagined the Loong Loong character in unique and innovative ways.