peaq, Nevermined, and Olas Partner to Unlock AI Agents for DePIN

  • June 11, 2024


peaq, Nevermined, and Olas collaborate to unlock AI agents for DePIN (Decentralized Physical Infrastructure Networks)
Nevermined is building a decentralized payments protocol for AI agents, enabling AI-Commerce
Olas is a framework for launching and co-owning AI agents running as part of AI-powered economies
The collaboration aims to create fully-functional Web3 AI agents with a payments system and launch framework for DePINs

peaq, a layer-1 blockchain for DePIN and Machine RWAs (real-world assets), has announced in a PR shared with Blockonomi, a collaboration with Nevermined and Olas to unlock AI agents for DePIN.

This partnership aims to create a new era of connected devices running on Web3, with peaq providing the backbone for decentralized ownership and management of value-creating devices.

Nevermined, a decentralized payments protocol for AI agents, will enable AI-Commerce by allowing AI agents to transact without human involvement.

This means that AI agents can take on complex tasks and processes, interacting with the world autonomously to deliver real-world outcomes. For example, an AI-powered personal assistant could book airline tickets at a user’s request.

Olas, a framework for launching and co-owning AI agents, will help create entire AI-powered economies. By combining peaq’s layer-1 capabilities with Nevermined’s payment system and Olas’ launch framework, DePINs will be able to outfit devices on their networks with AI agents, making them more autonomous and efficient.

The collaboration between peaq, Nevermined, and Olas has the potential to revolutionize various industries.

Imagine a refrigerator paying a solar panel at a neighbor’s house for using its excess energy capacity or smart farming DePINs using AI agents and sensors to optimize payments for irrigation and nutrient delivery to maximize harvest yields.

Other potential use cases include smart parking DePINs using AI to predict demand and optimize the use of parking infrastructure, and drone delivery DePINs using AI to optimize routes and delivery times while tapping into device data for predictive maintenance.

The three parties are already collaborating on a pilot project in the energy space to showcase the potential of AI agents in DePINs. This project involves a DePIN currently in stealth mode, with more details to be revealed soon.

Don Gossen, co-founder and CEO at Nevermined, emphasizes the importance of a tailored payments system for AI agents to reach their full potential.

Ralph Pahlmeyer, Head of Business Development at Valory, highlights the transformative power of AI and autonomous agents, expressing excitement about the solutions peaq, Olas technology, and Nevermined can bring to real-world machines and devices.

Till Wendler, co-founder of peaq, believes that the collaboration will create a framework for moving the process of AI-imbued machines creating value onto a Web3 foundation, making it accessible to everyone and leading to a more egalitarian automated economy.

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