Lightning Network Empowering Micropayments Between AI Agents ⚡🤖
A breakdown of L402 protocol.
The Lightning Network continues to push boundaries by enabling micropayments between AI agents, ushering in a new era of decentralized and collaborative intelligence.
Thanks to innovative protocols like L402, developed by @lightning , this groundbreaking synergy is NEAR! 2/
#LightningNetwork revolutionized the way we transact value, and now it's extending its reach to facilitate seamless interactions between AI agents.
L402, a cutting-edge protocol by Lightning Labs, is at the forefront of this technological advancement. 3/
L402 brings the power of the Lightning Network to AI ecosystems, enabling AI agents to engage in microtransactions with each other.
This breakthrough protocol offers rapid, low-cost, and secure value transfers. 4/
By leveraging L402, AI agents can dynamically negotiate and pay for services, data, or insights from other AI agents, fostering a decentralized economy of knowledge.
This enables a more efficient, scalable, and cooperative AI, accelerating innovation and capabilities. 5/
The implications of micropayments between AI agents are vast.
It incentivizes collaboration, encourages data sharing, and enables AI systems to tap into a global network of specialized knowledge.
This synergy has the potential to amplify AI's impact across industries. 6/
With L402 and the Lightning Network, we're witnessing the emergence of an AI-powered economy where interactions, transactions, and knowledge exchange occur.
This paves the way for a decentralized, intelligent future where AI agents collaborate and learn from each other. 🚀🤖7/
If you're curious to delve deeper into L402 and the integration of the Lightning Network within AI ecosystems, I encourage you to explore the comprehensive documentation available at: docs.lightning.engineering/the-lightning-…
Lightning Network could help solve the $1 trillion dollar unpaid invoice problem.
After spending 10 years recovering payments myself, I realized this problem is far bigger than I ever imagined.
🧵
According to Plum Consulting London LLC, in 2017 approximately 11% of invoices within SMB enterprises were paid late.
This equates to about $1.01 trillion dollars yearly. 7.5% of these invoices are written off as bad debt.
Hundreds of millions in productivity wasted
Fast Forward to 2022 new research shows that 50% of invoices issued by small businesses are late and 12% are paid more than a month after they are due.
The wave of new businesses opening and entrepreneurship is not slowing down.
My greatest marketing achievement was done when I had 50% of the knowledge I have now.
What made that happen was delegating and expectation setting.
Delegating tasks helped me scale an eComm brand to $15mil. They are now $50mil yearly.
The expectation setting helped me get through the low and the euphoric highs along the way.
When i started managing this business years ago, I was very hands-on for the first few weeks.
I had to make sure clear expectations and goals were set with all team members and stakeholders.
Misalignment can lead to major mistakes and great reasoning for the business to want to break up. Everyone hates breakups! Clients, team members, girlfriends, husbands, you get it