London, UK, December 31st, 2024,
Chainwire
FLock.io, the private AI training platform, has
announced the official launch of its mainnet on Base. This launch
coincides with the Token Generation Event (TGE) for its native
token, FLOCK, which will serve as the utility token of the FLock
ecosystem by incentivizing and rewarding community
participation.
The FLOCK token will debut on Bybit, offering participants in
the incentivized testnet an airdrop of tokens at today’s TGE. Users
have an opportunity to earn FLOCK by engaging in decentralized AI
training through the platform, which is accessible via train.flock.io. These tokens will play a role in
enabling collaboration among data providers, training nodes, and
compute providers within FLock.io’s ecosystem.
"The mainnet launch and TGE are huge steps forward for
FLock.io," said Jiahao Sun, CEO and Co-Founder of FLock.io. "With
the power of Base, we’re giving builders, users, anyone, the tools
to create and collaborate on privacy-first AI models. And the FLOCK
token is what ties it all together to make this ecosystem
thrive."
The mainnet launch is the culmination of a multi-year effort to
build a decentralized, community-governed AI platform that
prioritizes privacy and security in model development. Since its
founding in 2022, FLock.io has raised a $6 million seed round in
March 2024 and launched an incentivized testnet on Base Sepolia in
May 2024. This progress attracted significant investment, with
FLock.io securing a strategic funding round in December 2024, led
by DCG.
FLock.io’s platform has gained traction, with nearly 20,000 AI
models created to date, with the ecosystem supported by over 600
training nodes, 1,000 validators, 63,000 delegators, and 700,000
end users of models. The platform’s products include AI Arena, a
competitive AI development environment; FL Alliance, a federated
learning collaboration platform; and the AI Marketplace, which
enables users to interact with and deploy trained models.
FLock.io’s platform ensures data ownership while facilitating
community engagement through on-chain rewards to promote
transparency and active participation. With over 30 advanced
models, FLock.io has processed over 2.5 million model and
validation submissions. FLock.io’s business partners include
Morpheus, IOnet, and Aptos.
As the only AI infrastructure project to receive the Ethereum
Foundation Academic Grant in 2024, FLock.io represents a shift
toward privacy-preserving, community-driven AI development,
reducing dependence on centralized systems and empowering its
global network of users. The mainnet launch and TGE pave the way
for FLock.io’s next phase of privacy-focused, community-driven AI
development on Base.
Users can now find FLOCK on Bybit and CoinGecko exchanges. To
learn more, users can visit flock.io.
About FLock.io
FLock.io is a community-driven platform facilitating
the creation of private, on-chain AI models. By combining federated
learning with blockchain technology, FLock.io offers a secure and
collaborative environment for model training, ensuring data privacy
and transparency. FLock.io’s ecosystem supports a diverse range of
participants, including data providers, task creators, and AI
developers, incentivizing engagement through its native FLOCK
token. Users can learn more at FLock.io.
Contact
FLock.io
press@hype.partners
