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. Ritual raised $25 million last November to address the centralized nature of AI systems.
AI has become an area of interest in the blockchain industry following the proliferation of AI-powered tools and their increased mainstream popularity. Blockchain firms are attempting to address concerns that Big Tech giants will build an AI oligarchy.
BitMEX co-founder Arthur Hayes joined Ritual's board of advisers, emphasizing the need for a more censorship-resistant technology to empower collaboration in the AI economy.
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