FLock.io Launches Mainnet on Base with Token Generation Event (TGE)
London, UK, December 31st, 2024, Chainwire
FLock.io, the private AI training platform, has officially launched its mainnet on Base. This significant development coincides with the Token Generation Event (TGE) for its native token, FLOCK. The FLOCK token will play a crucial role as the utility token within the FLock ecosystem, incentivizing and rewarding community participation.
Key Points:
- The FLOCK token debuts on Bybit, offering participants in the incentivized testnet an airdrop of tokens at today’s TGE.
- Users can earn FLOCK by engaging in decentralized AI training through the platform at train.flock.io.
- These tokens enable collaboration among data providers, training nodes, and compute providers within the FLock.io 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.”
Progress and Achievements:
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. The platform has gained traction, with nearly 20,000 AI models created to date and supported by over 600 training nodes, 1,000 validators, 63,000 delegators, and 700,000 end users of models.
Platform Features:
FLock.io’s products include AI Arena, a competitive AI development environment; FL Alliance, a federated learning collaboration platform; and the AI Marketplace, which allows users to interact with and deploy trained models.
FLock.io’s Contribution to AI Development:
FLock.io represents a shift toward privacy-preserving, community-driven AI development, reducing dependence on centralized systems. The mainnet launch and TGE mark the beginning of FLock.io’s next phase of privacy-focused, community-driven AI development on Base.
Partnerships and Recognition:
FLock.io’s business partners include Morpheus, IOnet, and Aptos. As the only AI infrastructure project to receive the Foundation Academic Grant in 2024, FLock.io is leading the way in privacy-preserving AI development.
Availability:
Users can now find FLOCK on Bybit and CoinGecko exchanges. To learn more, visit flock.io.
About FLock.io
FLock.io is a community-driven platform that facilitates 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. The ecosystem supports a diverse range of participants, incentivizing engagement through its native FLOCK token.
Contact: FLock.io press@hype.partners
This article was originally published on Chainwire
Analysis:
FLock.io’s mainnet launch and TGE mark a significant milestone in the world of AI development. By prioritizing privacy and security, FLock.io is revolutionizing the way AI models are created and shared within a community-driven ecosystem. Here’s a breakdown of why this matters:
Accessibility and Collaboration:
FLock.io’s platform allows users to engage in decentralized AI training, making AI development accessible to a wider audience. The incentivized testnet and FLOCK token incentivize collaboration among participants, fostering a community-driven approach to AI model creation.
Privacy and Transparency:
With a focus on data ownership and on-chain rewards, FLock.io ensures that users have control over their data while promoting transparency within the ecosystem. This shift towards privacy-preserving AI development is crucial in an era where data security is paramount.
Recognition and Partnerships:
FLock.io’s strategic partnerships and recognition, including the Foundation Academic Grant, highlight the platform’s commitment to advancing AI development in a community-driven manner. Collaborations with industry leaders demonstrate the credibility and potential impact of FLock.io in the AI space.
Overall, FLock.io’s mainnet launch and TGE represent a new chapter in AI development, one that prioritizes privacy, collaboration, and community engagement. By embracing these principles, FLock.io is shaping the future of AI towards a more inclusive and secure ecosystem.