Blockchain-centric venture capital company Polychain Capital has invested a significant amount in artificial intelligence (AI) platform Ritual.

What Happened: The investment by Polychain supplements Ritual’s $25 million funding round from last November. The round, led by Archetype, also saw contributions from Accomplice and Robot Ventures. Polychain has confirmed its investment but has kept the exact figure under wraps, CoinDesk reported.

Ritual aims to tackle the centralized nature of AI systems. The funding from Polychain arrives at a time when interest in the convergence of blockchain and AI is on the rise. Blockchain companies aim to counter an AI monopoly by tech behemoths like…

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