ZUG, SWITZERLAND – 15/09/2024 – (SeaPRwire) – As the rapid evolution of artificial intelligence (AI) continues to reshape industries, there is an emerging need for more advanced financial systems tailored to AI’s autonomous interactions. In the near future, AI-driven transactions will become the new standard, fundamentally changing the way digital commerce operates. One company at the forefront of this revolution is Nevermined, an innovative provider of AI payment infrastructure. Dubbed by industry insiders as “The PayPal of AI Commerce,” Nevermined is strategically positioning itself as the backbone for AI-to-AI financial transactions. With over 19 strategic partners from both the Web2 and Web3 sectors, Nevermined is poised to enable trillions of AI agents to seamlessly exchange value, autonomously, and without human intervention.
While the current digital economy largely revolves around human-driven transactions, Nevermined envisions a future dominated by AI agents conducting business directly with one another. These AI agents will autonomously negotiate, purchase, and exchange services with other AI entities, leading to the birth of a new form of commerce — one where the participants are entirely non-human. This evolution requires more than just technical advancement in AI capabilities; it also necessitates a robust and scalable financial infrastructure that supports these autonomous interactions.
“At Nevermined, we’re not just preparing for the future of AI; we are building the essential payment architecture for it,” stated Don Gossen, Co-Founder of Nevermined. “The consumer of the future won’t have a physical body. Instead, it will manifest in the form of AI agents, operating entirely on their own. We are witnessing the creation of a new economy where AI agents are the buyers, sellers, and negotiators, and they’ll need a way to pay and get paid.”
Nevermined’s approach to this groundbreaking shift centers on the development of a sophisticated platform that provides secure and scalable payment solutions for AI-to-AI transactions. The platform offers key infrastructure services, including real-time transaction processing, highly efficient metering systems for AI service usage, and secure rails for digital payments. Nevermined’s credit-based protocol is designed to meter and settle AI service usage, offering real-time, transparent pricing that reflects the actual cost of the resources being used. This innovation ensures that AI agents can engage in large volumes of micro-transactions without the inefficiencies present in traditional financial systems.
Aitor Argomaniz, Nevermined’s Co-Founder and CTO, elaborated on the significance of their work: “We’ve developed a frictionless system where AI agents can discover, negotiate, and settle payments with one another in real time. There’s no need for a human to facilitate the process, and there’s no requirement for traditional banking infrastructure. We believe this new payment paradigm will be a game-changer in the AI ecosystem, paving the way for trillions of transactions between AI agents.”
Central to Nevermined’s platform is its credits-based payment system, designed specifically for the AI commerce of tomorrow. This system not only enables AI agents to pay for services in any currency they choose, but also facilitates accurate, real-time pricing and the handling of high volumes of transactions. By leveraging a hybrid approach that combines metering with on-chain settlement, Nevermined’s platform ensures the seamless integration of AI financial interactions without the need for human oversight.
Nevermined’s protocol has the potential to address one of the most critical challenges in AI development — trustless transactions between autonomous entities. Unlike traditional human-centered commerce, where trust is established through contracts, reputation, and legal frameworks, AI-to-AI transactions require an entirely different infrastructure. Nevermined’s protocol solves this challenge by creating a decentralized, trustless system that ensures every transaction is secure, auditable, and transparent. In this new AI economy, trillions of AI agents will interact and exchange value, and Nevermined is providing the backbone to ensure that these transactions occur seamlessly and securely.
Beyond providing the financial rails for AI-to-AI commerce, Nevermined also offers comprehensive integration tools that allow developers to seamlessly incorporate their AI systems into the platform. These integration tools are designed to ensure that AI developers can effortlessly plug their systems into Nevermined’s payment infrastructure, enabling immediate participation in the growing AI economy.
Security is a top priority in Nevermined’s platform. The company employs a range of robust security protocols to protect the integrity of every transaction, ensuring that AI agents can interact without the risk of fraud or unauthorized access. As AI becomes more deeply embedded into every aspect of society, the importance of secure financial systems will only continue to grow. Nevermined’s focus on providing both scalable and secure infrastructure puts the company in a prime position to lead the charge in AI commerce.
According to Gossen, the company’s long-term vision is to power the entire AI economy. “We see a future where AI agents are conducting trillions of transactions daily, without the friction of human oversight or traditional banking systems. We’ve built the infrastructure to make that future possible. AI agents will become the dominant consumers, and we’re ensuring that they have the financial tools to operate autonomously.”
As AI technology advances and the number of AI agents grows exponentially, Nevermined’s role in enabling the infrastructure for this new commerce will be pivotal. Developers, builders, and AI enthusiasts are encouraged to explore Nevermined’s offerings and consider how its platform can empower the next generation of AI-driven commerce.
For those eager to learn more about Nevermined’s payment solutions for AI commerce, visit their official website at Nevermined.
About Nevermined:
Nevermined is a pioneer in AI payment infrastructure, enabling AI agents to autonomously transact without human intervention. Founded by Don Gossen and Aitor Argomaniz, former key contributors to Ocean Protocol, Nevermined is focused on creating the essential payment rails for a future where AI-to-AI transactions dominate. The company’s platform provides real-time, scalable, and secure payment solutions tailored for the evolving AI commerce landscape. Learn more at Nevermined.
SOURCE: Nevermined
by Arrow123
The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.
Sectors: Top Story, Corporate News
SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi …
source https://newsroom.seaprwire.com/technologies/revolutionizing-ai-commerce-how-nevermined-is-building-the-future-payment-infrastructure-for-ai-transactions/