Nevermined secures $4m to pioneer AI commerce infrastructure

Self-proclaimed as the “PayPal for AI Commerce,” Nevermined aims to create a financial system designed for self-governing AI agents.

AI agents are self-governing software programs created to carry out certain activities, frequently on behalf of humans or other systems. These agents use artificial intelligence to react dynamically to their surroundings by negotiating, making decisions, and acting on their own. They are being used more and more in industries including banking, healthcare, logistics, and e-commerce to manage processes, streamline operations, and complete transactions.

However, the shortcomings of human-centric payment systems have been made clear by the emergence of these agents. Because AI interactions are dynamic, high-frequency, and autonomous, current financial infrastructures are not prepared to handle them. To overcome these obstacles, Nevermined’s protocol allows AI agents to price, negotiate, and settle payments on their own. This invention opens the door to a time when billions of transactions powered by AI may happen without any human involvement.

The company plans to use the new funding to develop features such as Multi-Agent Payments (MAP) and a dynamic pricing engine for AI services. These MAP tools are expected to enhance the platform’s ability to manage dynamic AI interactions, promoting a decentralized and open infrastructure for the emerging AI economy.

The development of Nevermined’s protocol reflects the growing focus on creating infrastructures that facilitate autonomous economic transactions between AI agents. By combining AI and blockchain technologies, the initiative leverages blockchain’s transparency and trust mechanisms to address the unique requirements of AI-driven interactions.

The funding round, led by Generative Ventures with contributions from other notable investors, highlights the increasing demand for scalable and efficient solutions in the evolving landscape of AI-driven commerce. As artificial intelligence continues to expand its capabilities, the need for payment systems tailored to autonomous agents is becoming more pronounced.

Nevermined’s work represents a step toward building decentralized payment systems designed to accommodate AI agents operating independently. These systems aim to address existing gaps in traditional infrastructures, supporting the anticipated growth of AI-based economic activity across various industries.