Artificial Intelligence (AI) is emerging as one of the most transformative and influential technologies of this generation with its unique ability to replicate human intelligence in a faster and more creative way. This has produced entirely new industries and possibilities through the power of AI.
AI’s potential to boost global trade and commerce is reflected in Statista’s AI market outlook. The numbers show that the AI market is expected to have a Compound Annual Growth Rate (CAGR) of 32% to become a $2 Trillion market by 2030. This global market of commerce powered by AI is where Nevermined is taking the lead role.
Founded by Don Gossen (CEO) [pictured-left above] and Aitor Argomaniz (CTO) [pictured-right above] both of whom previously built Ocean Protocol, Nevermined has developed an all-in-one AI payments platform for the decentralized AI space, playing a critical role across the entire ecosystem.
Just like PayPal in the 90s unlocked a new level of commerce on the internet, Nevermined is unlocking the full scale of AI-Commerce with a simplified and secure payment system where AI agents can pay each other and get paid.
The Rise of AI Agents and the Need for a New Payment Standard
The transformational nature of AI has introduced a new consumer: AI agents. AI agents are highly intelligent autonomous systems that perform specific tasks without human intervention. Already, organizations are using these AI agents to offer swift customer service solutions, analyze complex data, and even perform negotiations on the organization’s behalf.
This has created a pressing need for a dedicated payment system that will serve AI agents’ unique requirements, with blockchain being the perfect decentralized technology to enable their transactions.
AI agents require compensation for services rendered via variable, dynamic pricing models which traditional payments models can’t provide due to their fixed pricing model. Nevermined has solved this with a first-of-its-kind payment infrastructure which ensures these transactions can happen AI-to-AI without any human interaction.
As Nevermined founder Don Gossen says, “AI agents have the transformative potential beyond our wildest dreams, but a payments system tailored to their unique needs is a must for that potential to come to life.” This fit-for-purpose payment solution for AI agents, builders, and systems will rapidly drive innovation and boost scalability in the AI ecosystem.
Nevermined’s Solution: A Dedicated AI Payments Protocol
Nevermined’s dedicated AI payments protocol has closed the payment gap for all AI transactions with a decentralized design infrastructure for the AI payments protocol. An interwoven backend consisting of interlinked modules provides a robust technology framework for the AI payment protocol.
Each AI agent has its own set of unique modules for each of its main functions. These modules comprise: Logic, Governance, Technology, Security, Inference and Treasury. When an AI agent makes a request from its Inference module, the other AI agent can respond from a corresponding module such as Treasury to make payment for the inference from the requesting agent.
Nevermined’s payment protocol serves as the bridge for each AI agent’s protocol functions. This 2-way AI-to-AI exchange with query/prompt for inference/result via a dynamic economic interaction is the bedrock for a complete and robust AI ecosystem, creating a super economy of interconnected AI agents operating completely autonomously
The PayPal Parallel: First-Mover Advantage in AI-Commerce
The 90s saw the advent of online shopping which would later morph into e-commerce and PayPal was at the forefront, offering users a secure way to shop on the internet. PayPal’s first mover advantage set a precedent for digital payments and opened up a new vista for online businesses.
In the same way, Nevermined is replicating the first mover advantage in AI-Commerce with the first payment platform built specifically for AI-to-AI transactions. Nevermined is solving a core market need and leading the AI-Commerce payment space.
Nevermined’s AI payment protocol will serve as the reference point now and in the future for AI transactions, and the impact is already visible. Olas, Superagent, Polywrap, Peaq, Combinder and Naptha are just some examples of companies actively using Nevermined’s AI payment mechanism for their AI agents network.
Nevermined’s focus on creating a scalable AI payment solution will see it play a pivotal role in AI-Commerce, as the demand for independent AI payment systems grows. With AI agents becoming a part of our everyday life, Nevermined’s position as the AI equivalent of PayPal will create enormous value in the new market and elevate AI commerce to a level of intelligence and efficiency.
About Nevermined:
Nevermined is the leading provider of AI payment infrastructure for AI-to-AI transactions, enabling the rise of a new era of AI-Commerce. Founded by ex Co-Founder and VP of Engineering at Ocean Protocol, Don Gossen (CEO) and Aitor Argomaniz (CTO), Neverminedallows AI agents to discover, negotiate, and compensate each other in real-time, powering an economy of trillions of AI agents. By providing the essential payment rails and infrastructure for direct AI transactions, Nevermined is positioning itself as the leader in the emerging AI-Commerce space. Check out Nevermined here: https://nevermined.app/en
