Nevermined secures $4m to pioneer AI commerce infrastructure

Autonomous AI agents could reshape commerce, and Nevermined’s $4 million financing is a step towards that future.

Nevermined, a decentralized AI payment infrastructure provider, has secured $4 million in early investment to develop AI-to-AI transaction capabilities. Generative Ventures led the financing round, which also included Polymorphic Capital, Halo Capital and Arca.

Billing itself as the “PayPal of AI Trading,” Nevermined aims to create a financial system designed for self-directed AI agents.

AI agents are autonomous software programs that are often created to perform specific activities on behalf of humans or other systems. These agents use artificial intelligence to dynamically react to their environments by deliberating, making decisions, and acting on their own. They are increasingly used in industries such as banking, healthcare, logistics and e-commerce to manage processes, streamline operations and complete transactions.

However, the shortcomings of human-centered payment systems have become apparent with the emergence of these actors. Because AI interactions are dynamic, high-frequency and autonomous, existing financial infrastructures are not ready to accommodate them. To overcome these obstacles, Nevermined’s protocol allows AI agents to price, negotiate and settle payments on their own. This breakthrough opens the door to a time when billions of transactions powered by artificial intelligence can occur without any human intervention.

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 improve the platform’s ability to handle dynamic AI interactions, fostering a decentralized and open infrastructure for the emerging AI economy.

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

The funding round, led by Generative Ventures with contributions from other key investors, underscores the growing demand for scalable and efficient solutions in the evolving AI-driven commerce landscape. As AI continues to expand its capabilities, the need for payment systems dedicated to autonomous agents is also becoming more evident.

Nevermined’s work represents a step towards the creation of decentralized payment systems designed to enable AI agents to operate independently. These systems aim to address existing gaps in traditional infrastructures by supporting the expected growth of AI-based economic activities across various sectors.