Ritual Partners with EigenLayer to Enhance AI Capabilities on Ethereum
Ritual, a pioneering AI network, has announced a strategic partnership with EigenLayer, a protocol that extends Ethereum’s staking and security model. This collaboration aims to develop Actively Validated Services (AVSs) to power Ritual’s Infernet and future sovereign chain. It also provides new revenue opportunities for Ethereum operators interested in AI-centric operations.
The World’s First Sovereign, Community-Owned AI Network
Ritual plans to launch the world’s first sovereign, community-owned AI network with the Infernet as its initial offering. This product allows smart contracts to leverage AI models through a decentralized oracle network. Ritual’s long-term goal is to introduce a sovereign chain with a custom-built VM optimized for AI operations.
EigenLayer Restaking Mechanism Bolsters Decentralization and Security
The restaking mechanism offered by EigenLayer is crucial to this partnership as it enhances the economic and security framework of other applications, including Ritual’s AVSs. This collaboration aims to provide a high level of decentralization and security for AI operations on the Ritual network. It also offers an innovative form of yield for EigenLayer operators participating in Ritual’s ecosystem.
Facilitating Model Operations through EigenLayer Operators
- EigenLayer operators can restake to provide services such as inference, fine-tuning, and training of AI models.
- This integration allows operators to participate in revenue streams as Ritual integrates payment channels for these services.
Proof Marketplace Ensures Computational Integrity
Ritual’s Proof Marketplace ensures computational integrity for model operations, particularly those used by smart contracts. This feature verifies that model outputs have not been tampered with. Once EigenLayer introduces slashing mechanisms, nodes providing these proofs can be held accountable, maintaining the integrity of the operations.
Enhancing User Experience through Model Routing
Ritual and EigenLayer aim to enhance the user experience by connecting users with the most suitable models and nodes based on their preferences. This will be facilitated by routers over Ritual, which are powered by restaked EigenLayer nodes.
A More Secure and Decentralized Future for AI on the Blockchain
The partnership between Ritual and EigenLayer represents a step towards a more secure and decentralized future for AI on the blockchain. This alliance enriches the Ethereum ecosystem and opens up new possibilities for staking to secure AI services.
Hot Take: Ritual’s Seed Funding Round Raises $25 Million
On November 8, 2023, Ritual announced a successful seed funding round of $25 million led by Archetype, Accomplice, and Robot Ventures. Co-founded by Web3 investor Niraj Pant and data analytics expert Akilesh Potti, Ritual aims to address the challenges of AI centralization by prioritizing transparency, computational integrity, and data privacy.
Empowering Web3 Companies with Verifiable On-Chain Proof of AI Interactions
Ritual’s innovative approach empowers Web3 companies to provide verifiable, on-chain proof of AI interactions, especially for handling sensitive financial and health-related data. The platform combines zero-knowledge proof technology with Optimistic Machine Learning to uphold computational integrity. Additionally, Ritual is committed to improving access to GPU resources for advanced image processing, creating a more equitable and efficient ecosystem for AI development and application.
The potential of the partnership between Ritual and EigenLayer is vast. Both entities are actively seeking community input to explore innovative uses of staking for service development. For more updates, you can follow Ritual and EigenLayer on Twitter and find information on running a Ritual node in their documentation.
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