Rituals

Ritual is a decentralized AI infrastructure platform founded in 2023 by former Polychain Capital partners Niraj Pant and Akilesh Potti. The company aims to integrate artificial intelligence capabilities directly into blockchain environments, enabling developers to incorporate AI models into smart contracts and decentralized applications. This integration facilitates advanced on-chain functionalities such as natural language processing and dynamic market-driven protocols. In November 2023, Ritual secured a $25 million Series A funding round led by Archetype, with participation from Accomplice and Robot Ventures. The platform's architecture includes components like the Infernet Oracle and Ritual Chain, designed to support complex on-chain and off-chain interactions. By providing an open, decentralized network for AI, Ritual seeks to democratize access to AI infrastructure and enhance the expressiveness of blockchain applications. ([cointelegraph.com](https://cointelegraph.com/news/ai-infrastructure-startup-ritual-raises-25-m-gaps-crypto?utm_source=openai))