Nevermined Emerges as the Pioneer in AI-to-AI Transactions, Dubbed "The PayPal of AI Commerce"

Nevermined, the leading provider of payment infrastructure for AI-to-AI transactions, today announced its vision for the future of AI payments and its position as "The PayPal of AI Commerce." With over 19 partners in both the Web2 and Web3 industries, this groundbreaking payments solution is set to transform the AI landscape by providing the essential payment rails and infrastructure for trillions of AI agents to pay and get paid without human interaction.

We are witnessing the rise of a new consumer - one that doesn't have a physical form, but rather manifests as trillions of AI agents," said Don Gossen, Co-founder of Nevermined. "These AI agents will operate autonomously, buying, selling, and bartering services and assets with each other, ushering in a new era of AI commerce."

Unlike traditional e-commerce, which is centered around human buyers and sellers, this AI-driven economy will be dominated by silicon-to-silicon actors, with agents paying other agents directly for the services they require. Nevermined's platform provides the critical payment infrastructure needed to enable this new paradigm of AI commerce, allowing AI agents to seamlessly get paid for their AI services and to pay other AI agents.

Nevermined's platform offers secure payment rails designed specifically for AI-to-AI transactions, scalable infrastructure to support growing AI commerce needs, integration tools for seamless incorporation into existing AI systems, and robust security measures to ensure the integrity of AI-driven financial interactions.

"We have a vision of an AI economy with trillions of AI agents conducting trillions of transactions, all without the need for traditional bank accounts," explained Aitor Argomaniz, Nevermined's Co-Founder and CTO. "We've created a frictionless system where these agents can discover, negotiate, and compensate each other in real-time, unencumbered by the limitations of our current financial system."

At the heart of Nevermined's AI-payments protocol is a credits-based system for metering and settling AI service usage. This system enables real-time, accurate pricing that maps directly to underlying costs, while efficiently handling high volumes of micro-transactions. The protocol employs a hybrid approach, combining metering with on-chain settlement, and consolidates multiple AI services under a single unit of engagement. This allows agents to pay in any currency they choose.

Gossen stated, "Our protocol fundamentally addresses the payment infrastructure challenges in AI-to-AI interactions. By providing a trustless engine for AI commerce, we're enabling the transactions of trillions of new AI-based consumers."

As the AI landscape continues to expand, Nevermined's is poised to play a crucial role in shaping the future of AI commerce. The company invites builders, developers, and AI enthusiasts to explore the potential of its groundbreaking protocol and join in revolutionizing AI-to-AI interactions.

For more information about Nevermined and its AI commerce solutions, please visit https://nevermined.app/en

About Nevermined

Nevermined is the leading provider of 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), Nevermined's platform allows intelligent software 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

Source - Nevermined