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
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C 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

Simplify Jobs

Simplify's Take

What believers are saying

  • $25M Series A led by Archetype fuels Ritual Chain mainnet in Q1-Q3 2025.
  • Nillion partnership unlocks blind AI inference for healthcare and finance use cases.
  • EigenLayer integration taps $20B restaking for enhanced network security.

What critics are saying

  • io.net outperforms Ritual, causing GPU unstaking within 6-12 months.
  • Mainnet delays past Q3 2025 let Bittensor capture market share.
  • OpenAI's 2026 on-chain APIs cause 80% node operator drop-off.

What makes Ritual unique

  • Infernet enables AI model integration into EVM chains via lightweight SDK.
  • AI coprocessor allows fine-tuning and verifiable inference with cryptographic privacy.
  • Crowdsourced governance layer democratizes AI safety and rewards distribution.

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Company News

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

PR Newswire
Mar 23rd, 2024
Oak Grove Crypto 2024: Unlocking The Next Five Years Of Web3 This April 5Th

SINGAPORE, March 23, 2024 /PRNewswire/ -- Oak Grove Ventures , a pioneering early-stage investment firm in Web3, AI and biotech, is thrilled to announce the hosting of an exclusive industry event, Oak Grove Crypto 2024, set to take place on April 5th, one day before the highly anticipated Hong Kong Web3 Festival. The event is expected to draw an audience of 500-1000 attendees, comprising the most innovative minds and influential figures within the Web3 community, with a focus on discussing trending topics across AI, DePIN, Gaming, Bitcoin infrastructure, Bitcoin Ordinals and more.Co-Hosted with Polyhedra , the ZK infrastructure that empowers interoperability and computation via cutting-edge zero-knowledge proof systems, Alchemy Pay , a leading crypto payments solution provider that seamless connects fiat and crypto global economies for businesses, developers and end users, Ritual , the world's first community-owned AI network, and ChainCatcher , a leading Web3 Chinese media with over 1 million users and 1.5 billion reads, Oak Grove Crypto 2024 is designed to be a convergence point for thought leaders, innovators, and pioneers in Web3 and to facilitate discussions that will shape the next five years of the industry.This year, Oak Grove Ventures is proud to feature an impressive lineup of leading projects and platforms that are at the forefront of the Web3 revolution, including Binance , CoinMarketCap , BNB Chain , Trust Wallet , TRON , NEAR Protocol , Gate.io , Tabi , OKX Wallet , Bitget Wallet , Manta Network , Neo , io.net , Merlin Chain , Lifeform , Delysium , IoTeX , BounceBit , UniSat , Chromia , Conflux Network , Bit.Store , Scallop , zkMe , OKX Ventures , Xverse , Avail , Virtual Protocol , Story Protocol , Tap Protocol , Network3 , Bitlight Labs , Chasm , Reddio and Coinmaster.jp , as well as Amazon Web Services (AWS) , Google Cloud and LaPay , highlighting the diverse and dynamic nature of the Web3 ecosystem.With around 30+ esteemed institutions confirmed to join, Oak Grove Crypto 2024 promises to be an unparalleled opportunity for networking and knowledge exchange, with a curated agenda that includes keynote speeches, panel discussion and interactive sessions. Attendees will have the chance to engage with the movers and shakers of the Web3 world, gaining insights on the latest trends in Web3 such as Bitcoin, L2, DeFi, Infrastructure investment strategies and the impact of Web3 on global industries.Secure your spot and seize the opportunity to connect with top minds of the industry here: https://lu.ma/oakgrove2024 .About Oak Grove VenturesOak Grove Ventures is an investment firm specializing in early-stage investments, with a primary focus on cutting-edge technology sectors such as Web3, Artificial Intelligence (AI), and Biotechnology.Website | TwitterAbout PolyhedraPolyhedra Network is building the next generation of secure, interoperable, and scalable Web3 infrastructure with advanced zero-knowledge proof technology. The team has developed and deployed several next-generation zk-SNARK protocols resulting in performance improvements orders of magnitude faster than existing solutions. Their interoperability solution, zkBridge, connects over 25 blockchains and proves the validity of cross-chain messages utilizing zero-knowledge proofs. Developers building with Polyhedra Network can create secure, scalable, interoperable applications without any additional trust assumptions.Website | TwitterAbout Alchemy PayFounded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users

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