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FLock.io Announces Mainnet Launch and Token Generation Event on Base
In a groundbreaking announcement, FLock.io has revealed the official launch of its mainnet on Base, accompanied by a token generation event (TGE) for its native cryptocurrency, FLOCK. This milestone represents a significant step forward in FLock.io’s mission to empower users with a community-driven platform for private, on-chain AI model development.
The newly minted FLOCK token will function as the utility token within the FLock ecosystem, encouraging and rewarding community participation through incentives. The token will be available for trading on Bybit and CoinGecko exchanges. As part of this launch, participants in the incentivized testnet will receive an airdrop of tokens.
The launch enables collaboration among data providers, training nodes, and compute providers within FLock.io’s ecosystem, with the FLOCK token playing a vital role in facilitating these interactions. This marks a crucial moment for FLock.io as it enters its next phase of privacy-focused, community-driven AI development on Base.
FLock.io has achieved significant progress since its inception in 2022, having raised a substantial $6 million seed round in March 2024 and successfully launched an incentivized testnet on Sepolia in May 2024. The company’s growth trajectory culminated with the securing of strategic funding in December 2024.
Throughout this journey, FLock.io has made considerable strides, boasting nearly 20,000 AI models created to date, backed by a robust network consisting of over 600 training nodes, 1,000 validators, 63,000 delegators, and an impressive 700,000 end-users of trained models. The platform now includes three primary products: 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 AI models.
FLock.io’s commitment to ensuring data ownership while fostering community engagement through on-chain rewards has garnered attention. The company’s innovative approach to model training has seen it become an outlier in the industry, as it prioritizes transparency and active participation.
In a statement, FLock.io emphasized its dedication to creating a secure environment for AI development, stating that “combining federated learning with blockchain technology offers a secure and collaborative space for AI models to be trained, while ensuring data privacy and transparency.”
Source: www.crypto-news.net
