What is an autonomous economic agent?
An autonomous economic agent (AEA) is an AI agent that acts on its own, and whose actions have economic consequences. It spends money, earns money, commits resources, or enters agreements — without a person approving each step.
This is what separates an AEA from ordinary software. An API waits to be called. A smart contract runs when its conditions are met. An AEA takes the initiative: it finds counterparties, negotiates, and transacts — at machine speed.
Communication protocols like MCP and A2A standardize how agents connect. Payment protocols like x402, MPP, and AP2 enable agents to transact. Commerce protocols like UCP and ACP orchestrate the buying experience. Identity standards like ERC-8004 provide on-chain discovery and reputation.