Ritual

Ritual

Blockchain-integrated AI coprocessor with GPU staking

Overview

Ritual.net builds AI infrastructure that combines AI models with blockchain protocols, apps, and smart contracts. Its core offering is an AI coprocessor that lets developers run, fine-tune, and monetize models with just a few lines of code, using cryptographic methods to keep results private and verifiable. The platform relies on GPU holders who stake excess capacity to earn yield, providing the computational power needed for high-throughput, globally accessible AI in a censorship-resistant, open ecosystem. An open model marketplace lets developers monetize their creations with minimal effort. A crowdsourced governance layer oversees safety, funding, and alignment, augmenting human control with real-time, transparent decision-making to distribute rewards across participants. Overall, Ritual.net aims to push decentralized AI by delivering privacy-first, verifiable AI services on a blockchain-backed infrastructure that scales through community contribution and open access to models.

About Ritual

Simplify's Rating
Why Ritual is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Crypto & Web3

AI & Machine Learning

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

N/A

Founded

N/A

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Simplify's Take

What believers are saying

  • Ritual launched Genesis 1000 on June 24, 2026, attracting early builders.
  • Nillion partnered with Ritual on June 20, 2026 for blind inference.
  • Ritual already raised over $30 million, funding runway through a longer testnet cycle.

What critics are saying

  • Ritual remains testnet-only; no mainnet date exists as of August 7, 2026.
  • RITUAL had zero trading volume at launch, signaling weak external demand.
  • Competitors like EigenCloud, io.net, and Nillion can commoditize Ritual's compute thesis by 2027.

What makes Ritual unique

  • Ritual testnet uniquely persists agents after creators stop activity, announced June 24, 2026.
  • Ritual combines AI coprocessor inference with blockchain settlement and verifiable execution.
  • Nillion and EigenLayer integrations give Ritual privacy-preserving inference plus shared security.

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Company News

Gate.com
Jun 18th, 2026
Ritualnet launches testnet with agent persistence feature.

Ritualnet launches testnet with agent persistence feature. 2026-06-18 13:43:07 Ritualnet launched its testnet, introducing a feature that allows agents to continue operating after their creators cease activity. The announcement was made via a tweet and gained widespread attention within the blockchain space. The testnet represents an early-stage development, with the platform currently reporting zero trading volume in the 24-hour period following the launch. Ritualnet testnet introduces agent persistence feature. The testnet's core feature enables agents to persist independently of their creators. Ritualnet announced this capability as a defining characteristic of the platform, positioning it within the blockchain technology sector. The announcement via social media garnered substantial engagement, though specific metrics were not disclosed in the source. Ritualnet reports zero trading volume at testnet launch. Ritualnet's 24-hour trading volume stands at $0. No price data is currently available for the platform. The source characterizes this as reflecting the testnet's early stage in the market. Faq. What feature did Ritualnet introduce in its testnet launch? Ritualnet's testnet allows agents to continue operating after their creators cease activity, enabling independent persistence of agents on the platform. What is Ritualnet's current trading volume? Ritualnet reported a 24-hour trading volume of $0 at the time of the testnet launch announcement, with no price data available. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

CoinDesk
Aug 8th, 2024
Protocol Village: Validation Cloud Supports Stellar Full Archive Nodes, Nillion Partners With AI Network Ritual

Nillion, a blind computation network, announced a partnership with Ritual, a decentralized AI infrastructure network, "to develop decentralized blind AI inference technology that democratizes access to AI."

BeInCrypto
Aug 7th, 2024
Nillion Teams Up with Ritual for Decentralized Blind AI Inference Technology

Nillion teams up with Ritual for decentralized blind AI inference technology.

Benzinga
Apr 8th, 2024
Blockchain-Focused Polychain Capital Fuels AI Firm Ritual's $25M Funding Round With Significant Investment

Blockchain-centric venture capital company Polychain Capital has invested a significant amount in artificial intelligence (AI) platform Ritual.

PR Newswire
Mar 28th, 2024
Full Schedule Released For Hong Kong Web3 Festival 2024

HONG KONG, March 28, 2024 /PRNewswire/ -- Following the success of its record-breaking 2023 event, HK Web3 Festival is returning for its second edition from 6 to 9, April at Hall3FG, Hong Kong Convention and Exhibition Centre. Hosted by Wanxiang Blockchain Labs and HashKey Group, the Festival will convene over 160 game-changing projects, 100 media and 300+ notable speakers to exchange up-to-date knowledge, experiences, and views that are expected to shape the narrative around Web3 and blockchain.Hong Kong Web3 Festival 2024 The Agenda of Hong Kong Web3 Festival 2024With the event taking place in the innovation-rich city of Hong Kong, the Web3 Festival 2024 converges East and West ideologies. It sets four regular conference areas and an open stage, providing an avenue for eclectic discussions around Web3, idol performance, Web3 professional esports tournament, and more!We're proud to present our distinguished sponsors and exhibitors:Title Sponsor s: DWF Labs, Internet Computer, MEET48, OKX Web3, TON Foundation, ZA Banks: DWF Labs, Internet Computer, MEET48, OKX Web3, TON Foundation, ZA Bank Strategic Partner: Cyberport, Hong Kong Trade Development Council (HKTDC), InvestHKCyberport, Hong Kong Trade Development Council (HKTDC), InvestHK Platinum Sponsors: Chainlink, Cregis, Deepcoin Labs, Gate.io, Gunzilla Games, NEAR Protocol, Neo, Polkadot , Qtum, SlowMist, Telos Foundation, Victory Securities, Zetrix, ZircuitChainlink, Cregis, Deepcoin Labs, Gate.io, Gunzilla Games, NEAR Protocol, Neo, , Qtum, SlowMist, Telos Foundation, Victory Securities, Zetrix, Zircuit Co-organizers: Arkreen, AWS, Bitcoin Magazine, Nervos CKB, PlatON, SNZ, 香港虚拟资产行业协会, ZANArkreen, AWS, Magazine, Nervos CKB, PlatON, SNZ, 香港虚拟资产行业协会, ZAN Side Event Partners: ABGA, Animoca Brands & Chromia, Aptos, DRK Lab, Filecoin Foundation, GoPlus, HashKey Exchange, SlowMist, TON Foundation, UOVABOXABGA, Animoca Brands & Chromia, Aptos, DRK Lab, Filecoin Foundation, GoPlus, HashKey Exchange, SlowMist, TON Foundation, UOVABOX Gold Sponsors: AltLayer, Cards Ahoy!, CESS, Kaspa, Kava, 鲲KUN, Mask Network, PortUS, Roam, Rollux, X-mintAltLayer, Cards Ahoy!, CESS, Kaspa, Kava, 鲲KUN, Mask Network, PortUS, Roam, Rollux, X-mint Primary Exhibition Sponsors: Alfa1, Alibaba Cloud , 百道数据, BNB Chain, CertiK, EMC, Google Cloud, Hotcoin, MicrovisionChain, OneKey, XT.comAlfa1, , 百道数据, BNB Chain, CertiK, EMC, Google Cloud, Hotcoin, MicrovisionChain, OneKey, XT.com Secondary Exhibition Sponsors : Alchemy Pay, Bitget Wallet, Bitroo, CE Innovation Capital, Cell Studio, Conflux, Digital Reserve, Initiate Capital, Japan Open Chain, Nervape, NovaX Finance, OceanFi, PIN Labs, TynmoSpace, VoiceStreet, W3SA-HK: Alchemy Pay, Bitget Wallet, Bitroo, CE Innovation Capital, Cell Studio, Conflux, Digital Reserve, Initiate Capital, Japan Open Chain, Nervape, NovaX Finance, OceanFi, PIN Labs, TynmoSpace, VoiceStreet, W3SA-HK Tertiary Exhibition Sponsors : 100x, Akamai, Alaya AI, Bit.Store, Bullish, ChainUp, Cloud Ace, Daling Research, dappOS, Dexpert.io, ELLIPAL, EngageLab, Hacken, ICG Trading, imToken, Keyblock Solutions, Landlord, MoreLogin, MuskEX, Notifi, OpenSand, PingCAP, PrivateAI, 山海坞, StaFi, TaxDAO, Tencent Cloud, TokenPocket, TruBit, UD Blockchain, WatchX, 伊克罗德信息+IOST, zCloak Network: 100x, Akamai, Alaya AI, Bit.Store, Bullish, ChainUp, Cloud Ace, Daling Research, dappOS, Dexpert.io, ELLIPAL, EngageLab, Hacken, ICG Trading, imToken, Keyblock Solutions, Landlord, MoreLogin, MuskEX, Notifi, OpenSand, PingCAP, PrivateAI, 山海坞, StaFi, TaxDAO, Cloud, TokenPocket, TruBit, UD Blockchain, WatchX, 伊克罗德信息+IOST, zCloak Network Knowledge Partners : Brevis, CoinMarketCap, Flow Traders: Brevis, CoinMarketCap, Flow Traders Coffee Bar Sponsor : Zetrix: Zetrix Open Stage Sponsors : KongGold, 玛特宇宙, MATR1X & GEDA Esports, NovaX Finance, NuLink, OceanFi, The Sandbox: KongGold, 玛特宇宙, MATR1X & GEDA Esports, NovaX Finance, NuLink, OceanFi, The Sandbox Welcome Bag Sponsor: d.id, VIP3d.id, VIP3 Exclusive Video Partner: SpinorApril 6th – FIRST DAYThe opening ceremony will kick off at the Main Stage on the morning of April 6th. Speakers of the ceremony will include:Dr. Xiao Feng , Chairman, Wanxiang Blockchain; Chairman and CEO, HashKey GroupChairman, Wanxiang Blockchain; Chairman and CEO, HashKey Group Michael Wong Wai -lun, GBS, JP, Deputy Financial Secretary, Hong Kong Special Administrative RegionDeputy Financial Secretary, Hong Kong Special Administrative Region Deng Chao , Head, HashKey Singapore, CEO, HashKey CapitalHead, HashKey Singapore, CEO, HashKey Capital Cathie Wood , Founder, CEO and CIO, ARK InvestFounder, CEO and CIO, ARK Invest Duncan Chiu , Legislative Council Member (Technology & Innovation Constituency), Hong KongLegislative Council Member (Technology & Innovation Constituency), Simon CHAN, Chairman, Hong Kong Cyberport Management Company LimitedChairman, Hong Kong Cyberport Management Company Limited Genki Oda , Chairman, Japan Virtual and Crypto assets Exchange AssociationChairman, Japan Virtual and assets Exchange Association David Lee , Chairman, Global FinTech InstituteChairman, Global FinTech Institute Yang Jinyan, Secretary General, Hong Kong Virtual Assets Industry AssociationSecretary General, Hong Kong Virtual Assets Industry Association Dominic Williams , Founder and Chief Scientist, DFINITY FoundationFounder and Chief Scientist, DFINITY Foundation Steve Yun , President, TON FoundationPresident, TON Foundation John Hyman , Chief Investment Officer, Telegram APPOn the afternoon of April 6, intriguing sessions will take place concurrently at the Main Stage, Stage 1-4, and Open Stage.- Main Stage - Journey to Building Hong Kong into a Digital Economic HubFocusing on Hong Kong policies, regulation and fintech development, this session will gather professionals and project leaders including:Livio Weng , COO, HashKey Group; CEO, HashKey ExchangeCOO, HashKey Group; CEO, HashKey Exchange Eugene Ng , Founding Partner, DWF LabsFounding Partner, DWF Labs Hong, President, OKX,President, OKX, Charlie Chen , Vice President, Asia Pacific , ArchblockVice President, , Archblock Rita Liu , CEO, RD TechnologiesCEO, RD Technologies Raagulan Pathy, Vice President, Asia Pacific , CircleVice President, , Circle Paul Kremsky , Head of Business Development, CumberlandHead of Business Development, Cumberland Jordan Dunne , Head of DeFi , TON Wallet in TelegramHead of , TON Wallet in Telegram Sergey Nazarov , Co-Founder, ChainlinkCo-Founder, Chainlink Alice Liu , Research Lead, CoinMarketCapResearch Lead, CoinMarketCap Devon Sin , Alternate Chief Executive, ZA BankAlternate Chief Executive, ZA Bank Frank Zhang , Executive Director, OKX Hong KongExecutive Director, OKX Hong Kong Paolo Chen , CSO, VDXCSO, VDX Darshan Vaidya , CEO & Co-Founder, CredoraCEO & Co-Founder, Credora Richard Teng , Chief Excutive Officer, BinanceChief Excutive Officer, Anna Liu , General Manager of Tokenisation, HashKey GroupGeneral Manager of Tokenisation, HashKey Group Emily Parker , Former CoinDesk and US State DepartmentFormer CoinDesk and US State Department Jupiter Zheng , Partner, HashKey CapitalPartner, HashKey Capital Deborah FUHR, ETFGI, Managing Partner, Founder, OwnerETFGI, Managing Partner, Founder, Owner Giovanni Vicioso , Global Head of Cryptocurrency Products, CME GroupGlobal Head of Products, CME Group Giselle Lai , Associate Investment Director of Digital Assets, Fidelity InternationalAssociate Investment Director of Digital Assets, Fidelity International Jean-Francois MESNARD-SENSE, Senior Vice President & Head of Exchange Traded Products, Hong Kong Exchanges and Clearing LimitedSenior Vice President & Head of Exchange Traded Products, Hong Kong Exchanges and Clearing Limited Derek Wang , Head of Sales & Client Service, Bosera InternationalHead of Sales & Client Service, Bosera International Chen Yu , Chief Advisor, KUN- Stage 1 - GameFi New ParadigmCo-organized by Gunzilla Game, this session will dive into the magic of Web3 games, as well as user behaviors in Web2 and Web3 games. It will feature an eclectic lineup of speakers from across the globe:Yat Siu , Co-Founder and Chairman, Animoca BrandsCo-Founder and Chairman, Animoca Brands Kevin Shao , Co-Founder of Bitrise Capital, Executive Chairman of ABGA, Advisor to ICC GroupCo-Founder of Bitrise Capital, Executive Chairman of ABGA, Advisor to ICC Group Jerry Liu , Gunzilla GamesGunzilla Games Arron Goolsbey , COO, Mythical GamesCOO, Mythical Games Jason Gu , CEO, NetEase Chain; Game Advisor, Cards Ahoy!CEO, NetEase Chain; Game Advisor, Cards Ahoy! Andy Dan , Head, HashKey JapanHead, HashKey Japan Ryo Matsubara , Representative Director, Oasys Pte

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