According to Odaily Planet Daily, the modular and composable AI agent base layer Theoriq released Litepaper. Theoriq is a decentralized protocol that uses blockchain technology to manage multi-agent systems, supports the collective ecology of artificial intelligence agents, and uses smart contracts to ensure transparency, security, and accountability.

Theoriq is built on three core pillars: interoperable proxy primitives, composable collective formation, and a decentralized innovation ecosystem. Its native utility token has multiple key functions such as incentive mechanisms, security guarantees, governance, and supports the governance model of the protocol.

Earlier in May, Web3 AI platform ChainML announced the completion of a $6.2 million seed round of extension financing and launched its proxy base layer Theoriq.