FLock.io Announces Mainnet Launch and Token Generation Event

admin3 days ago

London, UK, December 31, 2024, Chainwire

Private AI training platform FLock.io announced the official launch of its mainnet on Base. This launch coincides with the Token Generation Event (TGE) for FLOCK, the native token that will serve as a utility token for the FLock ecosystem by encouraging and rewarding community participation.

The FLOCK token debuts on Bybit, with token airdrops being offered to incentivized testnet participants on TGE today. Users have the opportunity to earn FLOCK by participating in decentralized AI training through the platform, accessible through train.flock.io. This token serves to enable collaboration between data providers, training nodes, and compute providers within the FLock.io ecosystem.

“The mainnet launch and TGE are a big step forward for FLock.io,” said Jiahao Sun, CEO and co-founder of FLock.io. “With the power of Base, we’re giving builders, users, and anyone else the tools to create and collaborate on privacy-first AI models. And the FLOCK token is what ties everything 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 raised a $6 million seed round in March 2024 and launched an incentivized testnet on Base Sepolia in May 2024. This progress has attracted significant investment, with FLock.io securing a strategic funding round in December 2024. DCG takes the lead.

FLock.io’s platform has grown in popularity, with approximately 20,000 AI models created to date and the ecosystem supported by over 600 training nodes, 1,000 validators, 63,000 delegators, and 700,000 model end users. The platform’s products include AI Arena, a competitive AI development environment; FL Alliance, a federated learning collaboration platform; AI Marketplace where users can interact with and deploy trained models.

FLock.io’s platform promotes community engagement through on-chain rewards to promote transparency and active participation, while ensuring data ownership. 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 a 2024 Ethereum Foundation Academic Grant, FLock.io represents a shift toward privacy-preserving, community-driven AI development, reducing reliance on centralized systems and empowering a global network of users. The mainnet launch and TGE paves the way for the next phase of FLock.io’s privacy-focused, community-driven AI development at Base.

Users can now find FLOCK on Bybit and CoinGecko exchanges. Visit Flock.io to learn more.

About FLock.io

FLock.io is a community-driven platform that facilitates the creation of private on-chain AI models. FLock.io combines federated learning and blockchain technology to provide a secure and collaborative environment for model training, ensuring data privacy and transparency. FLock.io’s ecosystem supports a variety of participants, including data providers, task creators, and AI developers, incentivizing participation through native FLOCK tokens. Users can learn more at FLock.io.