peaq has announced a strategic partnership with Olas and Nevermined to unlock the potential of AI agents. This partnership promises to usher in a new era of connected devices running on Web3, leveraging the unique capabilities of each platform to revolutionize AI commerce and machine autonomy.
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peaq, a layer-1 blockchain specialized in DePIN and Machine RWAs (real-world assets), is expanding its ecosystem with the introduction of AI agents from Nevermined and Olas. Nevermined is developing a decentralized payment protocol tailored to AI agents, facilitating AI-Commerce such as booking airline tickets via AI-powered personal assistants.
Meanwhile, Olas provides a framework for launching and co-owning AI agents within entire AI-powered economies. Together with peaq’s layer 1 infrastructure for DePIN, which enables device ownership via blockchain and peer-to-peer value exchange, the collaboration aims to create an economy where machines running AI agents can autonomously transact to maximize value for their owners.
With peaq’s blockchain technology enabling decentralized ownership and value exchange between devices, this trio aims to build a foundation for an economy in which AI agents autonomously manage transactions and maximize value for their owners. This synergy will deliver unprecedented advances in the way devices communicate and transact, pushing the boundaries of AI’s role in the real world.
The potential of AI agents
AI agents represent a significant leap forward in the AI industry, poised to take current models like ChatGPT to new heights of functionality and usability. These agents can autonomously perform complex tasks, interact with the world, and deliver real-world results.
From booking travel arrangements to optimizing energy consumption, AI agents have the potential to transform industries and economies. Combined with value-creating devices – such as solar panels that sell energy to the grid or vehicles that report road conditions – AI agents can improve the efficiency and effectiveness of smart cities and other applications.
“AI agents have transformative potential beyond our wildest dreams, but a payment system tailored to their unique needs is essential to realizing that potential. With peaq, the layer-1 for DePIN, and Olas, the Web3 AI framework, we will provide the critical building blocks for the AI-Commerce revolution, bringing agents into the real world.”
Don Gossen, co-founder and CEO of Nevermined
The collaboration between Nevermined, Valory (on behalf of Olas) and peaq will bring this vision to life through intensive research and development and mutual integrations. peaq will serve as the backbone and enable decentralized ownership and management of connected devices within DePINs. Nevermined will function as a decentralized PayPal for AI agents, enabling transactions without human intervention. Olas will provide the framework for launching and co-owning AI agent economies through Web3.
This integration will result in fully featured Web3 AI agents equipped with a payment system and launch framework for DePINs building on peaq. Devices within these networks will become more autonomous and efficient, significantly scaling DePIN’s business models. For example, imagine that a refrigerator autonomously pays a neighbor’s solar panel for excess energy. Such scenarios become feasible at the intersection of AI, Web3 and IoT.
Pilot projects and future use cases
The three collaboration partners are already working on a pilot project in the energy sector, involving a DePIN currently in stealth mode, to demonstrate the potential of AI agents within DePINs. Additional hypothetical use cases that this collaboration could enable include:
Smart Power DePINs: AI agents on devices adjust consumption based on network workload and user preferences, and sell excess energy back to the grid.
Smart Farming DePINs: AI agents and sensors optimize payments for irrigation and nutrient delivery, maximizing crop yields.
Smart Parking DePINs: AI predicts demand, optimizes the use of parking infrastructure and auctions parking spaces based on demand for autonomous vehicles.
Drone Delivery DePINs: AI optimizes delivery routes and times and uses data from devices for predictive maintenance.
“AI is one of the most powerful technologies in recent memory, especially in the form of autonomous agents,” added Ralph Pahlmeyer, Head of Business Development at Valory. “I’m excited about the solutions that Peaq, Olas technology and Nevermined can bring to machines and other devices in the real world, which can gain enormously in terms of additional functionality through the integration of AI and autonomous agents.”
“AI-infused machines are already driving more and more value creation in real-world economies.”
Until Wendler, co-founder of peaq
“With Nevermined and Olas, we are creating the framework to move this process to a Web3 foundation and make it accessible to everyone – a path to a more egalitarian automated economy that works for everyone, not just the 1%,” added Till to it. Wendler.