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FLock.io Announces Mainnet Launch and Token Generation Event on Base
Chainwire FLock.io has announced the official launch of its mainnet on Base, in conjunction with a token generation event (TGE) for its native token, FLOCK. This milestone marks a significant step forward in the company’s journey to create a decentralized AI training platform that prioritizes privacy and security.
The TGE will debut the FLOCK token on Bybit, providing users who have participated in the incentivized testnet with an airdrop of tokens. The FLOCK token plays a crucial role in enabling collaboration among data providers, training nodes, and compute providers within the FLock.io ecosystem. This marks the beginning of a new era for FLock.io’s community-driven AI development.
The mainnet launch is a testament to the company’s dedication to building a decentralized platform that empowers users to create and collaborate on privacy-first AI models. Since its founding in 2022, FLock.io has made significant progress, attracting $6 million in seed funding and launching an incentivized testnet on Base Sepolia in May of this year.
The strategic investment from DCG, led by Digital Currency Group, demonstrates the potential for decentralized AI development to transform industries. With over 20,000 AI models created, more than 600 training nodes, 1,000 validators, 63,000 delegators, and 700,000 end users of trained models, FLock.io has established a strong foundation in its mission to promote transparency and community engagement.
FLock.io’s innovative platform consists of several products, including 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. The company has taken significant steps towards data ownership while ensuring community participation through on-chain rewards.
To date, FLock.io has processed over 2.5 million model submissions and validation results using its advanced 30+ models. As a result, it represents a shift away from centralized systems and toward privacy-preserving AI development.
Source: crypto-economy.com
