EigenLayer has partnered with AI platform Ritual

• The EigenLayer protocol will collaborate with the Ritual AI platform.
• As part of the partnership, they plan to create decentralized applications with support for artificial intelligence.

Ethereum-based restaking protocol EigenLayer has entered into a partnership with AI platform Ritual. Cointelegraph reports this with reference to a press release.

It is known that within the framework of cooperation they plan to create decentralized applications (dApps) with support for artificial intelligence (AI).

“The goal of the partnership is to introduce an Ethereum-level re-staking security system into the Ritual network and bring AI capabilities to dApps […],” the press release says.

EigenLayer founder Sriram Kannan said that “AI-powered cryptoeconomic coprocessors can integrate powerful new features into the blockchain while driving economic activity.”

Ritual co-founder Neeraj Pantha believes this integration could enable decentralized applications to run more efficiently. According to him, the partnership expands EigenLayer’s capabilities for computing using artificial intelligence technologies.

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Let us remind you that on February 15, 2024, TVL EigenLayer crossed the $7 billion mark. The growth occurred after the lifting of the limit on the volume of assets in the restaking of 200,000 ETH for each pool.

The protocol also previously received $100 million in investment from Andreessen Horowitz.