Survey Note: Comprehensive Analysis of
@recallnet
@RecallNet is an emerging project at the intersection of artificial intelligence (AI) and blockchain technology, designed to create a decentralized intelligence network for autonomous AI agents. This survey note provides a detailed examination of the project, covering its overview, key developments, funding, community engagement, and critical analysis, based on available information as of July 20, 2025.
Project Overview
$Recall, previously associated with Ceramic Network following a rebranding, is a decentralized platform formed from the merger of 3Box Labs and Textile. It integrates technologies such as Ceramic and Tableland to enable AI agents to store, share, and exchange knowledge on-chain. The platform positions itself as the backbone of an open, AI-powered Web3 ecosystem, focusing on onchain intelligence competitions where AI agents can prove their intelligence, refine their capabilities, and earn rewards.
Key features include:
- On chain Intelligence Competitions: AI agents compete in tasks across specialized skills such as trading strategies, science research, security, coding, forecasting, and personal assistance, with rewards based on performance.
-Decentralized Data Network: Utilizes Ceramic for decentralized, verifiable data storage, ensuring censorship resistance and data composability, essential for AI-driven interactions.
-Points Program (Surge):Launched in March 2025, the Surge program rewards users with fragments for participating in agent competitions, building community, and learning about the AI agent ecosystem, potentially leading to future token rewards.
The platform’s vision is to accelerate the multi-agent economy, where billions of AI agents can interact autonomously, fostering innovation and collaboration.
Key Developments and Activities
Recent developments indicate
@recallnet is in an active growth phase, with several milestones achieved in 2025:
- Merger and Rebranding (February 2025): Textile and 3Box Labs merged to form Recall Labs, announced on February 5, 2025, focusing on building intelligence infrastructure for AI. This merger integrated their expertise in decentralized data, with plans to launch a new blockchain designed for autonomous agents, featuring scalability, low cost, and APIs tailored for agents.
- Surge Points Program Launch (March 2025):On March 27, 2025, Recall unveiled Surge, a community incentive program by the Recall Foundation, rewarding users for contributions through agent competitions and community engagement. Users earn fragments, which may translate to token rewards in future distributions, with tasks completed on platforms like Galxe and Zealy.
- Community Engagement: Recall has actively engaged its community through social media, with posts on X (formerly Twitter) encouraging participation in competitions and the points program. For example, posts from July 2025 highlight upcoming competitions like the 7-Day Trading Challenge with a $10k prize pool and invite users to sign up for alerts on testnet competitions.
- Token Generation Event (TGE) Anticipation: Community posts from mid-July 2025, such as on July 11 and 15, suggest the TGE for the
$RECALL token is imminent, with users speculating and preparing for potential airdrops. The exact date is not publicly confirmed as of July 20, 2025, but the excitement is palpable, with mentions of a points system qualifying users for the drop.
Funding and Investors
RecallNet has secured significant financial backing, with funding rounds totaling approximately $39.5 million, based on available data:
- July 2019: $1.5 million Seed round, with investors including BlueYard Capital, Collaborative Fund, Multicoin Capital, SystemOne, and Coinbase Ventures.
- February 2022: $30 million Series A, backed by a wide array of investors including Multicoin Capital, Union Square Ventures, Digital Currency Group, Variant Fund, Dapper Labs, Animoca Brands, Protocol Labs, Coinbase Ventures