Coinbase and Cloudflare have announced a partnership to establish the x402 Foundation, aiming to establish x402 as a universal standard for AI-driven payments. The foundation will focus on:

1. Governance: Establish x402 as a neutral, open standard to encourage adoption by developers, businesses, and AI platforms.

2. Ecosystem Development: Support developers building on top of x402 by providing grants, tools, and resources.

3. Interoperability: Ensure that x402 can run seamlessly across different platforms, industries, and regions.