Nevermined announced a $4 million raise to accelerate the development of its financial payment protocol for AI-Commerce. AI agents will be the driving force behind new economic growth going forward, but they still lack the developer and consumer tools to pay and get paid. Nevermined fixes this for both Web3 use cases and traditional fintech infrastructure. The investment round was led by Generative Ventures, with participation from prominent investors, including Polymorphic Capital, NEAR, Halo Capital, Factor Capital, and Arca. In addition, the round also includes investments from notable AI companies like Valory, the builders of Olas, Naptha, builders of advanced multi-agent systems, and Ben Fielding from Gensyn.
Nevermined is addressing a critical issue: the lack of payment infrastructure for AI-to-AI transactions. As AI evolves, these agents are becoming independent economic participants, performing tasks and generating measurable outcomes. However, without a system to support these transactions, the economic value they generate risks being overlooked or underutilized, stalling adoption, and leaving significant economic potential unrealized.
Dubbed the “PayPal for AI”, Nevermined eliminates AI-to-AI payment obstacles by creating a payment protocol that allows AI agents to transact directly, efficiently, and autonomously. The investment comes at a crucial time: McKinsey Global Institute predicts a $13 trillion increase in global economic output by 2030 due to AI. The Nevermined technology stack will provide a the foundation for such economic activity to grow commercially.
Let’s explore why this funding matters, what it means for AI-Commerce, and how Nevermined will shape the digital economy.
A New Payment System for a New Kind of Commerce
Nevermined is the leading provider of AI payment infrastructure for AI-to-AI transactions. Founded by Don Gossen and Aitor Argomaniz who pioneered decentralized AI technology with Ocean Protocol, Nevermined brings machine learning, AI, data, and Web3 expertise to solve the problems facing AI-Commerce.
Nevermined’s approach solves a key challenge in the rise of autonomous agents: the need for a robust, flexible payment system to support transactions between dynamic AI agents. Current systems, designed for humans buying goods online, are not flexible and fast enough for AI-to-AI interactions. Nevermined’s CEO, Don Gossen, explains: “The future of commerce isn’t just about humans trading with humans anymore. It’s about AI agents transacting with other AI agents and we need entirely new systems to make that happen.”
Nevermined will eliminate the inefficiencies of fiat and traditional digital payments, having created a protocol in which AI agents can make real-time transactions. As most payment systems today require extensive tracking and complex accounting, Nevermined’s protocol is designed to simplify such interactions. The new funding will accelerate the development of this technology which will be the backbone of AI-Commerce.
Building the AI-Commerce Foundation
The $4 million investment will help Nevermined scale the platform and continue to build a payment system that both AI builders and agents can trust. The funding will be used to expand the team, further develop the product, and strengthen partnerships within the AI ecosystem.
Lex Sokolin, Partner at Lead Investor Generative Venutures and former Chief Economist at Consensys, added: “Our core investment thesis is the commercial and financial opportunity from the growth of the machine economy as AI agents become integrated into the human workforce. Nevermined is an essential primitive for this vision to come to fruition by enabling digital value storage and movement for AI-native applications and product. It is an essential developer tool and protocol for any AI builder in the Web3 space.”
Nevermined has already partnered with key industry players like Olas, Naptha, Peaq, Flock, Superagent, and Combinder. These partnerships show the traction of the Nevermined protocol and demonstrate its value across different use cases in the AI economy.
Nevermined also leverages the team’s Web3 and AI expertise to create an infrastructure where AI agents can pay, get paid, and allocate resources to other AIs. As CEO Don Gossen says “We’re building a platform where AI agents don’t just exist—they thrive.” By making advanced technology accessible, Nevermined is building a new digital economy where AI agents can do commerce in a more connected and innovative world.
Shaping the Future of Autonomous Commerce
In a world where AI agents will be major economic players, making autonomous decisions and interacting independently, the importance of a payment infrastructure cannot be overstated. As more AI agents become productive and enter the economy, Nevermined’s technology will be the key to enabling those interactions.
Looking forward, Nevermined will create an Open Source ecosystem where AI agents can interact without any limitations or dependencies on human-driven financial systems. Nevermined also promotes transparency and security where all transactions are recorded on-chain, so there’s accountability and reduced risk of fraud. This ensures every transaction is immutable and traceable by using blockchain technology.
With this new funding, Nevermined is set to make a lasting impact on the future of AI-Commerce. AI-driven transactions will be as common as human-driven ones by 2030, and the infrastructure Nevermined is building today will be at the heart of that.
The AI-to-AI payment landscape is still in its early days, but with Nevermined at the forefront, it won’t be long before AI agents are in the mainstream of commerce.
To learn more about Nevermined Protocol, click here: nevermined.io
About Nevermined
Nevermined is the leading provider of AI 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), Neverminedallows AI 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
The photo in the article is provided by the company(s) mentioned in the article and are used with permission.
Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.
#Nevermined #Secures #Lead #Payment #Innovations #Commerce