Nevermined and Olas Join Forces with peaq to Revolutionize AI-Powered DePINs and IoT Devices

Introduction

Nevermined, a decentralized payments protocol for AI agents, and Olas, a platform that enables ownership in an autonomous AI agents economy, are joining the peaq ecosystem to usher in a new era of AI-powered devices and DePINs (Decentralized Physical Infrastructure Networks).

Importance of the Collaboration

This collaboration is significant as it aims to unlock fully-functional Web3 AI agents for DePINs building on peaq. This will enable entire economies of machines to interact and transact autonomously, ensuring maximum value for their owners.

Impact on the Community

The integration will allow community members to connect their devices with autonomous AI agents that can interact with the real world, analyze live data, make decisions, and take actions that benefit both the network and the individual users.

Agents of Change

AI agents are poised to transform the real world by enabling AI to interact with value-creating devices. From solar panels selling green energy to city power grids, to vehicles flagging potholes, AI agents can optimize real-world operations. The peaq ecosystem, with its vibrant DePINs and connected devices, is the ideal platform for this innovation.

Roles of Nevermined and Olas

Nevermined will serve as the decentralized payment system for AI agents, akin to PayPal, while Olas will provide the framework for launching and co-owning AI agent economies. Together with peaq, they will bring the vision of AI agents to life through R&D and mutual integrations.

Real-World Applications

The collaboration will enable DePINs to integrate AI agents with their devices, enhancing autonomy and efficiency. For example, a refrigerator could pay a neighbor’s microwave oven for using its excess energy capacity, making DePIN business models more scalable.

Pilot Projects and Future Use Cases

Nevermined, Valory, and peaq are already working on a pilot project in the energy sector to demonstrate the potential of AI agents in DePINs. Future applications may include smart power grids, smart farming, smart parking, and drone delivery, all optimized through AI agents.

Vision from Industry Leaders

Don Gossen, Co-Founder and CEO at Nevermined: "AI agents have transformative potential beyond our wildest dreams, but a payments system tailored to their unique needs is essential for that potential to be realized. With peaq and Olas, we are providing the crucial building blocks for the AI-Commerce revolution."

Ralph Pahlmeyer, Head of Business Development at Valory: "AI is a powerful technology, especially in the form of autonomous agents. I am excited about the solutions peaq, Olas technology, and Nevermined can bring to real-world machines and devices."

Till Wendler, Co-Founder of peaq: "AI-imbued machines are increasingly creating value in real-world economies. With Nevermined and Olas, we are moving this process onto a Web3 foundation, opening it to everyone for a more egalitarian automated economy."

Final Thoughts

The partnership between Nevermined, Olas, and peaq represents a significant step towards integrating AI with real-world devices and DePINs. This collaboration promises to enhance the functionality and efficiency of connected devices, making autonomous AI agents a reality in everyday applications.