Nevermined is the leading provider of AI payment infrastructure for AI to AI transactions in the AI-Commerce Space. Nevermined provides essential payment rails and infrastructure for direct AI transactions. The AI payment infrastructure allows AI agents to discover, negotiate and compensate each other in real-time, powering an economy of trillions of AI agents.
Nevermined was founded by former Co-founder and VP of Engineering at Ocean Protocol, Don Gossen(CEO) and Aitor Argomaniz(CTO). The payment infrastructure platform was set up in 2022 with a goal of changing the world of AI commerce. Nevermined is set to providing a common AI payment standard acting as a dedicated protocol that would unlock the true potential of decentralized AI. Nevermined is the PayPal for AI but better.
The payment infrastructure provides secure, paid access to data and AI models. Payments on Nevermined are seamless and they can be made on different blockchain networks. The presence of Nevermined as an AI decentralized payment infrastructure will revolutionize AI transactions on the blockchain.
NEVERMINED STRUCTURE: UNIQUE FEATURESNevermined visualises AI payments as a protocol and the payment infrastructure platform is building an Open Source software to power an AI future. Nevermined helps users make payments and manage assets on the blockchain. The payment infrastructure enables the sharing and access of digital assets between untrusted parties in the ecosystem.
Nevermined enables data computation by allowing the execution of AI models and algorithms without moving user data. The payment infrastructure also fosters data monetisation and distribution of rewards for users in a digital ecosystem. Nevermined creates a data governance ecosystem where users can share their own data and interact around digital assets.
NEVERMINED: THE BACKBONE POWERING BLOCKCHAIN AI INNOVATIVE ENERGY MANAGEMENT SOLUTIONSNevermined is creating a new era for autonomous data driven energy management systems on the blockchain. The infrastructure has achieved the first real world AI powered energy in tandem with Combinder, PEAQ and Olas. Combinder is a user owned Network that provides incentives for Distributed Energy Resources(DER) owners to connect their devices and share energy data while ensuring data privacy. An autonomous Olas AI agent helps read energy production and consumption data from the Combinder API, while using an AI model to predict future energy use for an HVAC unit(Air conditioner).
Payments for the use of this AI agent are made is $PEAQ, via Nevermined to access the production and consumption data feeds from Combinder and to access the predictive model on the Olas AI agent. Combinder is a useful project that Nevermined allows to monetise energy production and consumption data feeds. The monetisation on Combinder results in the creation of new revenue streams for data providers in the energy sector.This mechanism reduces energy wastage, utilizes data and provides an incentive for DER owners.
Nevermined is a backbone in this setup as its payment rails enable the seamless operation of this AI driven energy management system. In addition, Nevermined enables the integration of AI agents with blockchain technology, creating a secure and efficient ecosystem for data access and transactions. Trailblazers in the AI data energy management system are taking significant steps to ensure accessibility to AI data models. Nevermined is towing that path as it provides secure and paid access to the predictive AI model used by the HVAC unit. In the near future, Nevermined plans to add more features like weather data, more agent enabled devices, and other features to the predictive AI model, as part of its numerous data sources.The data sources are run in a decentralized format, so there is no single point of entry for data breaches and leaks. Nevermined payment system spreads across multiple blockchains: payments can be made in other cryptocurrency tokens apart from $PEAQ. In addition, users who do not want to make payments in cryptocurrency tokens can use a fiat payment system on Stripe. This set up sets Nevermined apart as a payment infrastructure platform compatible with several blockchains and traditional users.
NEVERMINED PAYMENT INFRASTRUCTURE: THE FUTURENevermined is set to transform the world of AI data energy management. The payment infrastructure has displayed the potentials of decentralized user-owned energy networks. In the words of CEO Don Gossen, "AI agents have the potential to transform beyond our wildest dreams, but a payments system tailored to their unique needs is a must for that potential to come to life.”
There are several use cases for Nevermined: not all of these use cases have been explored. In the near future, Nevermined will have useful solutions in different industries across the globe. The AI data management market industry is currently projected to grow from USD 32.1 Billion in 2024 to USD 136.7 Billion by 2032. Nevermined is taking a large chunk of that market share and in a short time.