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Cryptocurrency News Articles

FLock.io Launches Mainnet on Base, Unveils FLOCK Token to Incentivize Community Engagement

Jan 01, 2025 at 03:56 am

FLock.io, the private AI training platform, has officially launched its mainnet on Base, marking a significant milestone in its development journey.

FLock.io Launches Mainnet on Base, Unveils FLOCK Token to Incentivize Community Engagement

FLock.io, a private AI training platform, has officially launched its mainnet on Base, a layer-2 blockchain network for Aptos. The launch coincides with the Token Generation Event (TGE) for FLOCK, the native token of the FLock.io ecosystem.

FLOCK will serve as the utility token within the ecosystem, designed to incentivize and reward active community engagement. The token will be available on Bybit, where participants in the FLock.io incentivized testnet will receive an airdrop of tokens.

Participants can earn FLOCK tokens by actively participating in decentralized AI training on the platform, accessible at train.flock.io. These tokens will facilitate collaboration among data providers, training nodes, and compute providers within the FLock.io ecosystem.

The mainnet launch culminates a multi-year journey to establish a decentralized, community-driven AI platform that prioritizes privacy and security in the development of its models.

Founded in 2022, FLock.io raised $6 million in a seed round in March 2024 and launched an incentivized testnet on Base Sepolia in May 2024. Later in the year, FLock.io secured a strategic funding round led by DCG.

The platform has seen nearly 20,000 AI models created, an endeavor supported by over 600 training nodes, 1,000 validators, 63,000 delegators, and an impressive 700,000 end users engaging with the models.

FLock.io offers a range of services, including AI Arena, a competitive AI development environment; FL Alliance, a collaborative hub for federated learning; and the AI Marketplace, where users can engage with and deploy trained models.

The platform emphasizes data ownership, fostering community engagement through on-chain rewards that promote transparency and encourage active participation. FLock.io boasts over 30 advanced models and has processed over 2.5 million model and validation submissions.

FLock.io has forged strategic partnerships with Morpheus, IOnet, and Aptos. The initiative was also awarded the Ethereum Foundation Academic Grant in 2024.

FLock.io's mainnet launch and TGE on Base mark a significant milestone in the development of the AI infrastructure initiative, setting the stage for an exciting new chapter in privacy-centric, community-led AI innovation on Base.

News source:zycrypto.com

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