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Ritual

Ritual is a decentralized AI compute platform, Ritual laid out five key areas of focus: to create its incentivized network that connects distributed computing devices to power hosting, sharing, inference and fine-tuning of AI models; an API layer for access to models; a proof layer that guarantees computational integrity; censorship resistance; and privacy.

What is Ritual?

Ritual is an open, sovereign execution layer designed to seamlessly integrate artificial intelligence (AI) into blockchain applications. It enables protocols and smart contracts to access AI models for inference, fine-tuning, and more, with just a few lines of code. Ritual's mission is to bridge the gap between AI and blockchain, fostering a decentralized and intelligent computational fabric.

How Does Ritual Work?

Ritual operates by providing a modular suite of execution layers that interoperate with existing blockchain infrastructure. Its architecture supports expressive, heterogeneous compute, allowing smart contracts to call AI models, Trusted Execution Environments (TEEs), and other advanced computations. This is achieved through components like Infernet, a decentralized oracle network for AI workloads, and the Ritual Chain, a sovereign blockchain with a custom virtual machine optimized for AI-native operations.

What Makes Ritual Unique?

Ritual stands out by enshrining advanced computation at the base layer without burdening core execution, creating a dramatically larger design space for on-chain applications. Key features include native support for AI inference, model fine-tuning, and a model marketplace with on-chain provenance. Additionally, Ritual extends Ethereum compatibility with improvements like native account abstraction and scheduled transactions, enhancing user and developer experience.

Who Are the Founders of Ritual?

Ritual was co-founded by Niraj Pant and Akilesh Potti. Niraj Pant has a background in investing and research at leading funds such as Polychain, Paradigm, Dragonfly, and a16z, where he helped structure rounds for core infrastructure and application-layer protocols. Akilesh Potti has experience in applied AI/ML research at institutions like DeepMind, Meta, MIT, Stanford, and Berkeley, and has built consumer-facing ML products end-to-end.

Latest News

What Key Events Have There Been for Ritual?

In November 2023, Ritual emerged from stealth mode, introducing its vision of merging cryptography and AI to create a decentralized execution layer for AI. The same month, it launched Infernet, the first decentralized oracle network purpose-built for AI workloads. In February 2024, Ritual announced partnerships with EigenLayer, io.net, MyShell, Story Protocol, Celestia, Pond, 0xScope, Allora, Nillion, StarkWare, Arbitrum, and Arweave to power their growing AI ecosystems.

Project Announcements

In December 2024, Ritual unveiled the private testnet for Ritual Chain, becoming the first Layer 1 blockchain purpose-built for expressive, heterogeneous compute. This included innovations like EVM++, Symphony, and a Model Marketplace. In November 2024, Ritual published Resonance, a new state-of-the-art transaction fee mechanism to efficiently match supply and demand, offering users optimally priced transaction execution.

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FAQ

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.