{"id":162201,"date":"2024-02-23T18:28:23","date_gmt":"2024-02-23T18:28:23","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=162201"},"modified":"2024-02-23T18:28:26","modified_gmt":"2024-02-23T18:28:26","slug":"eigenlayer-and-ritual-join-forces-to-ai-apps","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/eigenlayer-and-ritual-join-forces-to-ai-apps\/","title":{"rendered":"EigenLayer and Ritual Join Forces to Revolutionize Decentralized AI Applications on Ethereum"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">TL;DR<\/span><\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">EigenLayer and Ritual join forces to power DApps with artificial intelligence on Ethereum.<\/span><\/span><\/li>\n<li><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The partnership ensures replenishment security and cost-effective access to native AI.<\/span><\/span><\/li>\n<li><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The collaboration is expected to foster innovation in DApps, taking advantage of the booming crypto-AI market.<\/span><\/span><\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The exponential growth of <\/span><strong><a href=\"https:\/\/crypto-economy.com\/blockchain-technology\/\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\">blockchain<\/span><\/a><\/strong><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> technologies <\/span><span style=\"vertical-align: inherit\">and artificial intelligence (AI)<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> has been one of the most prominent <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">trends<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> in the world of technology in <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">recent years.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><!--more--><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">In this context, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the recent partnership announced by <\/span><\/span><a href=\"https:\/\/cointelegraph.com\/news\/eigenlayer-ritual-ai-enabled-dapps\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">CoinTelegraph<\/span><\/span><\/a><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> between EigenLayer and Ritual<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> promises to open new frontiers in the development of <\/span><strong><span style=\"vertical-align: inherit\">AI-enabled <\/span><\/strong><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">decentralized applications<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> (DApps).<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">EigenLayer,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> recognized as <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the largest replenishment protocol on Ethereum by total value locked (TVL)<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, joins <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Ritual, <\/span><\/span><\/strong> <strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">an AI-focused community network<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, to integrate AI capabilities into the Ethereum ecosystem.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This collaboration <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">primarily aims<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> to introduce a <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">new generation of intelligent DApps,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> including <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">intelligent agents, AI-powered decentralized finance (DeFi) applications, and autonomous media generation.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">One of the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">key products<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> expected from this <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">partnership is Infernet,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> which will enable smart contracts to access AI models cost-effectively and natively.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This represents <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">a significant advancement in the ability of DApps to leverage AI capabilities<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> without relying on costly or centralized external solutions.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Furthermore, the integration between EigenLayer and Ritual not only seeks <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">to empower DApps with AI capabilities,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> but also <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">ensure security and decentralization.<\/span><\/span><\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-162203\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/02\/igen-news.jpg\" alt=\"EigenLayer and Ritual: An Alliance for AI DApps on Ethereum\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/02\/igen-news.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/02\/igen-news-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/02\/igen-news-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">EigenLayer will provide Ethereum-level replenishment security to the Ritual network<\/span><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This move comes at a time when the <\/span><strong><a href=\"https:\/\/crypto-economy.com\/cryptocurrencies-from-a-to-d\/\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\">cryptocurrency<\/span><\/a><\/strong><strong><span style=\"vertical-align: inherit\"> and AI token <\/span><\/strong><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">market is experiencing significant growth.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Nvidia&#8217;s Q4 2023 earnings report revealed a 265% year-over-year increase in revenue,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> which has sparked renewed interest in AI applications in the crypto space.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The partnership between EigenLayer and Ritual<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> marks an important milestone in the convergence of blockchain and AI.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">With the introduction of <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">AI-enabled DApps backed by the security of Ethereum,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> a new world of possibilities opens up for innovation in the crypto space.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This is just the beginning of what <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">promises to be a revolution<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> in the way we interact with technology and the value it can create for society at large.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR EigenLayer and Ritual join forces to power DApps with artificial intelligence on Ethereum. The partnership ensures replenishment security and cost-effective access to native AI. The collaboration is expected to foster innovation in DApps, taking advantage of the booming crypto-AI market. The exponential growth of blockchain technologies and artificial intelligence (AI) has been one of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"EigenLayer and Ritual Join Forces to Revolutionize Decentralized AI Applications on Ethereum\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/eigenlayer-and-ritual-join-forces-to-ai-apps\/#more-162201\" aria-label=\"More on EigenLayer and Ritual Join Forces to Revolutionize Decentralized AI Applications on Ethereum\">Read more<\/a><\/p>\n","protected":false},"author":33,"featured_media":162204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,74],"tags":[4620,4679,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162201"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=162201"}],"version-history":[{"count":2,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162201\/revisions"}],"predecessor-version":[{"id":162205,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162201\/revisions\/162205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/162204"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=162201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=162201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=162201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}