Ritual is developing an execution layer for AI, starting with Infernet, a tool enabling developers to access AI models both on-chain and off-chain.
What is Ritual
Here's how it works:
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Integrating AI and Cryptography: Combining these technologies for open AI model creation and distribution.
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Key Features: They focus on computational integrity, privacy, censorship resistance, decentralized APIs, and reducing costs.
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Ritual Superchain (RS): A flexible blockchain system where users choose their execution layer (like L1 or Rollup) and Data Availability (DA) layer. It's designed for easy app development and improves security over time. It uses Stateful Precompiles functions (SPCs) to help developers.
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Infernet: A tool that takes an AI model and data, computes output, and provides a proof. It blends on-chain (blockchain-based) and off-chain (outside the blockchain) processes.
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Objective: Ritual aims to create an ecosystem for AI to operate freely and securely in a decentralized and permissionless way.
In summary, Ritual is building a network to develop AI products in the blockchain world, focusing on security, privacy, and simplicity for developers.
Team of Ritual
Ritual review
Pros
Ritual Superchain
Ritual Superchain offer a vast array of functionalities for developers to build and integrate other layer on top of their products.
Modular Blockchain Narrative
Ritual perfectly fits the modular narrative, integrating several other blockchains and rollups.
Infernet
Infernet is the first iteration of Ritual Superchain, and allows developers to use on-chain and off-chain features to request and receive outputs.
Permissioneless and Decentralized APIs
Ritual aims at building permissionless and decentralized APIs for AI models to improve privacy and computation integrity.
Cons
Regulation risk
Crypto and AI are two of the hottest topics when it comes to regulations, and it might affect the project in the future.
Competition
Ritual is facing a huge competition (OpenAI) which is way ahead of them.
Product Risk
Ritual is still in the beginning of their development, and might face difficulties developing their product.