TON unveils AI agent wallet standard as price hits $1.29

Toncoin (TON) has unveiled a new AI wallet standard aimed at enabling autonomous AI agents to transact on-chain. The system assigns each agent its own blockchain wallet and permissions, using smart contracts with two keys: one tied to the user and one to the AI agent. With this design, agents can execute actions such as token swaps, paying fees, or interacting with DeFi dApps using only their operational key—without direct access to the user’s main wallet. Users keep control by allocating funds to each agent, and they can update, revoke, or withdraw permissions at any time. TON also provides management dashboards to monitor and adjust access per agent. Users can create multiple AI agents in parallel, each with its own wallet balance. TON says the current version is a developer preview and needs extensive security testing before wider release, with official security audits still pending. The move follows TON’s earlier momentum and later setbacks tied to Telegram-driven gaming hype. After Hamster Kombat’s HMSTR token fell more than 76% shortly after launch, similar tap-to-earn projects (Catizen, Tapswap) also saw major engagement drops, and the broader trend lost over 86% of users. TON is now pivoting from short-lived gaming growth toward AI-powered payments and long-term adoption, leveraging Telegram’s scale (reported 1B+ daily users). Market interest has increased as the TON price is cited around $1.29, while analysts point to potential upside for AI agent commerce services (McKinsey projection: $3–$5T by 2030).