Moonhill Capital invests in Ritual
The AI Coprocessor for blockchains Integrate AI models into your protocol, application or smart contract with a few lines of code.
OVERVIEW
Ritual is a decentralized AI compute platform dedicated to democratizing access to artificial intelligence infrastructure. By connecting distributed computing devices, Ritual enables hosting, sharing, inference, and fine-tuning of AI models, all while ensuring privacy and censorship resistance. This approach allows protocols, applications, and smart contracts to integrate AI models seamlessly with minimal code.
In November 2023, Ritual secured a $25 million Series A funding round led by Archetype, with participation from Accomplice, Hypersphere Ventures, and other notable investors. This investment underscores confidence in Ritual's mission to decentralize AI infrastructure.
Furthering its commitment to innovation, Ritual launched the Altar program in early 2024. This initiative supports ambitious teams developing novel protocols that combine blockchain and AI technologies, fostering a collaborative ecosystem for decentralized AI advancements.
KEY FEATURES
- Decentralized AI Compute Network: Connects distributed devices to facilitate hosting, sharing, and fine-tuning of AI models, promoting a collaborative AI ecosystem.
- Seamless Integration: Enables protocols, applications, and smart contracts to incorporate AI models with minimal coding effort.
- Privacy and Censorship Resistance: Ensures secure and private AI computations, safeguarding against censorship and unauthorized access.
- Incentivized Participation: Offers rewards for contributors who provide computing resources, data, or model enhancements, encouraging active involvement in the network.
- Open-Source Development: Maintains a transparent and collaborative development environment, with resources and tools available on their GitHub repository.
