Ritual

Thesis

Ritual occupies a critical niche. Verifiable AI inference for smart contracts. The $25M Series A from top-tier VCs validates the smart money thesis. Infernet is live across EVM chains, demonstrating working code with real integration. Ritual Chain testnet is invite-only, indicating controlled rollout. The verifiable AI inference category is essential for DeFi protocols that need trustless AI outputs for trading, risk assessment, and autonomous operations. High 'hard to buy' score since there is no public token yet. If the token launches in 2026, it becomes a major catalyst. The ZKML (zero-knowledge machine learning) space is emerging as a critical infrastructure layer. Weakness. Mainnet timeline is unclear, competitors like EZKL and Giza are also building in the ZKML space, and the category itself is very early-stage. The question of whether on-chain AI inference adds meaningful value over off-chain solutions is still being debated.

Catalysts

• +Potential token launch in 2026
• +Infernet live across EVM chains with real integrations
• +Ritual Chain testnet progressing toward mainnet
• +ZKML category emerging as critical infrastructure layer

Risks

• -Mainnet timeline unclear
• -Competition from EZKL, Giza in ZKML space
• -On-chain AI inference value proposition still debated
• -No public token limits current accumulation

Common questions