[PRESS RELEASE – London, UK, December 31st, 2024]
FLock.io, the non-public AI coaching platform, has introduced the official launch of its mainnet on Base. This launch coincides with the Token Era Occasion (TGE) for its native token, FLOCK, which is able to function the utility token of the FLock ecosystem by incentivizing and rewarding group participation.
The FLOCK token will debut on Bybit, providing contributors within the incentivized testnet an airdrop of tokens at immediately’s TGE. Customers have a chance to earn FLOCK by partaking in decentralized AI coaching by means of the platform, which is accessible by way of practice.flock.io. These tokens will play a task in enabling collaboration amongst knowledge suppliers, coaching nodes, and compute suppliers inside FLock.io’s ecosystem.
“The mainnet launch and TGE are enormous steps ahead for FLock.io,” stated Jiahao Solar, CEO and Co-Founding father of FLock.io. “With the ability of Base, we’re giving builders, customers, anybody, the instruments to create and collaborate on privacy-first AI fashions. And the FLOCK token is what ties all of it collectively to make this ecosystem thrive.”
The mainnet launch is the fruits of a multi-year effort to construct a decentralized, community-governed AI platform that prioritizes privateness and safety in mannequin growth. Since its founding in 2022, FLock.io has raised a $6 million seed spherical in March 2024 and launched an incentivized testnet on Base Sepolia in Might 2024. This progress attracted vital funding, with FLock.io securing a strategic funding spherical in December 2024, led by DCG.
FLock.io’s platform has gained traction, with almost 20,000 AI fashions created so far, with the ecosystem supported by over 600 coaching nodes, 1,000 validators, 63,000 delegators, and 700,000 finish customers of fashions. The platform’s merchandise embrace AI Enviornment, a aggressive AI growth atmosphere; FL Alliance, a federated studying collaboration platform; and the AI Market, which allows customers to work together with and deploy skilled fashions.
FLock.io’s platform ensures knowledge possession whereas facilitating group engagement by means of on-chain rewards to advertise transparency and lively participation. With over 30 superior fashions, FLock.io has processed over 2.5 million mannequin and validation submissions. FLock.io’s enterprise companions embrace Morpheus, IOnet, and Aptos.
As the one AI infrastructure venture to obtain the Ethereum Basis Tutorial Grant in 2024, FLock.io represents a shift towards privacy-preserving, community-driven AI growth, decreasing dependence on centralized techniques and empowering its international community of customers. The mainnet launch and TGE pave the best way for FLock.io’s subsequent section of privacy-focused, community-driven AI growth on Base.
Customers can now discover FLOCK on Bybit and CoinGecko exchanges. To be taught extra, customers can go to flock.io.
About FLock.io
FLock.io is a community-driven platform facilitating the creation of personal, on-chain AI fashions. By combining federated studying with blockchain know-how, FLock.io presents a safe and collaborative atmosphere for mannequin coaching, making certain knowledge privateness and transparency. FLock.io’s ecosystem helps a various vary of contributors, together with knowledge suppliers, activity creators, and AI builders, incentivizing engagement by means of its native FLOCK token. Customers can be taught extra at FLock.io.
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