Ritual plans to allow Web3 companies to provide computational, on-chain proof of interactions with AI models, and enable Web2 companies, such as those in healthcare, to use AI to manage sensitive customer information. The platform, which will use zero-knowledge proof technology and Outline Processor Markup Language, is set to launch in early 2024.
Key takeaways:
- Decentralized AI platform Ritual has secured $25 million in a seed funding round led by Archetype, with participation from Accomplice and Robot Ventures.
- Ritual, founded by Web3 investor Niraj Pant and Akilesh Potti, aims to address the centralization of AI and lack of transparency, computational integrity, and data privacy in the sector.
- The platform will use zero-knowledge proof technology and Outline Processor Markup Language to ensure computational integrity and offer more access options around graphics processing units used for image processing.
- Ritual plans to launch in early 2024 and is currently seeking developers across enterprise and Web3 to join its team.