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Cryptocurrency News Articles

FLock.io Announces Mainnet Launch on Base and Token Generation Event (TGE) of its Native Token, FLOCK

Jan 05, 2025 at 03:31 am

FLock.io Announces Mainnet Launch on Base and Token Generation Event (TGE) of its Native Token, FLOCK

Private AI training platform FLock.io has announced the mainnet launch of its decentralized AI platform on Base, unveiling its native token, FLOCK, and revealing its Token Generation Event (TGE).

The FLOCK token will debut on Bybit, where participants in the incentivized testnet will receive an airdrop of tokens at the TGE. Users can earn FLOCK by engaging in decentralized AI training through the platform, which is accessible at train.flock.io. These tokens will play a role in enabling collaboration among data providers, training nodes, and compute providers within the FLock.io ecosystem.

“The mainnet launch and TGE are monumental 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.”

The mainnet launch is the culmination of a multi-year effort to build a decentralized, community-governed AI platform that prioritizes privacy and security in model development. 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. This progress attracted significant investment, with FLock.io securing a strategic funding round in December 2024, led by DCG.

FLock.io’s platform has already achieved traction, with nearly 20,000 AI models created to date, and the ecosystem is supported by over 600 training nodes, 1,000 validators, 63,000 delegators, and 700,000 end users of models. The platform’s products include 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.

FLock.io's platform ensures data ownership while facilitating community engagement through on-chain rewards to promote transparency and active participation. With over 30 advanced models, FLock.io has processed over 2.5 million model and validation submissions. FLock.io's business partners include Morpheus, IOnet, and Aptos – with Aptos's leading model surpassing the performance of GPT-4o.

As the only AI infrastructure project to receive the Ethereum Foundation Academic Grant in 2024, FLock.io represents a shift toward privacy-preserving, community-driven AI development, reducing dependence on centralized systems and empowering its global network of users. The mainnet launch and TGE pave the way for FLock.io's next phase of privacy-focused, community-driven AI development on Base.

Users can now find FLOCK on Bybit and CoinGecko exchanges. To learn more, visit flock.io.

Original source:crypto-reporter

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