Theoriq, the proxy base layer launched by Web3 AI platform ChainML, releases Litepaper

Theoriq, a modular and composable AI agent base layer, released Litepaper. According to reports, Theoriq is a decentralized protocol that manages multi-agent systems with blockchain technology, supports a collective ecosystem of AI agents, and uses smart contracts to ensure transparency, security, and accountability. It is a flexible modular protocol and market designed to evolve with the advancement of artificial intelligence and community needs, built on three core pillars: 1. Interoperable agent primitives: Provide developers with flexible, modular, and permissionless extensible abstractions to create AI agents that can seamlessly communicate and collaborate across different frameworks and models; 2. Composable collective formation: Provides a mechanism for dynamically discovering, evaluating, and combining agents into powerful collectives, supported by a reputation system and optimization algorithms; 3. Decentralized innovation ecosystem: Cultivate a community-driven market where developers, users, and agents interact under the incentives of the token economy to continuously improve and expand the functionality of the network. The core of the Theoriq ecosystem is its native utility token, which has multiple key functions. First, it serves as an incentive mechanism and a security assurance tool, and promotes governance. The staking feature allows users and proxy operators to signal the quality and reliability of the proxy, influencing the selection of the proxy in the collective and contributing to network security. This staking mechanism creates a dynamic, self-regulating quality assurance system within the protocol. The token also supports the protocol's governance model, enabling holders to participate in the decision-making process regarding protocol upgrades, including the introduction of new evaluator types or optimization strategies. In addition, the token serves as the main medium of exchange within the ecosystem for network fees, developer compensation and rewards. In May, Web3 AI platform ChainML announced the completion of a $6.2 million seed round of extended financing, led by Hack VC, with participation from Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures and Alumni Ventures. The platform also announced the launch of its proxy base layer Theoriq.