> NEW YORK – MCP Dev Summit North America – April 2, 2026 – The Linux Foundation, the nonprofit organization enabling mass innovation through open source, today announced it is launching the x402 Foundation with the contribution of the x402 protocol from Coinbase. The new Foundation will serve as the neutral home for x402, a universal standard for payments that embeds payments directly into web interactions, enabling AI agents, APIs, and apps to transact value as seamlessly as they exchange data.<p>Apparently I missed this initiative. It seems like it is a technology that is intended to be open an universal while also being supported and developed primarily by US companies (Linux Foundation, Coinbase, CloudFlare.)
WHATWG, who sets the HTML standard:<p>> The central organizational membership and control of WHATWG – its "Steering Group" – consists of Apple, Mozilla, Google, and Microsoft.