Crypto VC Firm Polychain Tops Up AI Platform Ritual's $25M Funding Round With 'Multimillion Dollar' Investment

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Jamie Crawley is a CoinDesk news reporter based in London.

Ritual raised $25 million in November to address the centralized nature of artificial intelligence systems.

AI has become an area of interest in the blockchain industry following the proliferation of AI-powered tools acquiring mainstream popularity.Blockchain-focused venture capital firm Polychain Capital topped up a $25 million funding round into artificial intelligence platform Ritual with a"multimillion dollar" investment.Now Polychain has put a ribbon on the funding round. In an email to CoinDesk, it declined to disclose the exact amount invested.

AI has become an area of interest in the blockchain industry following the proliferation of AI-powered tools and their increased mainstream popularity over the last year or so.that Big Tech giants like Microsoft , Meta and Alphabet will build an AI oligarchy by introducing decentralization into the storage of data and access to infrastructure.

 

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