The Good Tech Companies - FLock.io Announces Mainnet Launch And Token Generation Event On Base

Episode Date: December 31, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/flockio-announces-mainnet-launch-and-token-generation-event-on-base. This launch coincides with the Token Generation Event (TGE) for its native token, FLOCK, which will serve as the utility token of the FLock ecosystem by incenti Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #flock, #chainwire, #press-release, #blockchain-development, #crypto-launch, #crypto-funding, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. FLock.io announces launch of its mainnet on Base.io. Launch coincides with the Token Generation Event (TGE) for its native token, FLOCK. FLOCK will serve as the utility token of the FLock ecosystem by incentivizing community participation.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Flock.io announces mainnet launch and token generation event on base. By Chainwire, London, UK, December 31, 2024 Chainwire-Flock.io, the private AI training platform, has announced the official launch of its mainnet on base. This launch coincides with the token generation event, TGE, for its native token, FLOC, which will serve as the utility token of the FLOC ecosystem by incentivizing and rewarding community participation.

The FLOC token will debut on Bybit, offering participants in the incentivized testnet an airdrop of tokens at today's TGE. Users have an opportunity to earn Flock by engaging in decentralized AI training through the platform, which is accessible via train.flock.io. These tokens will play a role in enabling collaboration among data providers, training nodes, and compute providers within Flock.io's ecosystem. Greater than, the mainnet launch and TGE are huge steps forward for Flock.io, said Jihao Sun, CEO and co-founder of Flock.io. With the power of base, we're giving greater than builders, users, anyone,

the tools to create and collaborate on privacy first greater than AI models. And the Flock token is what ties it all together to make this greater than ecosystem thrive. The mainnet launch is the culmination of a multi-year effort to build a centralized, 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 gained traction, with nearly 20,000 AI models created

to date, with the ecosystem 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, Florida 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. 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, user scan visit flock.io. About flock.io Flock.io is a community-driven platform facilitating 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. Flock.io's ecosystem supports a diverse

range of participants, including data providers, task creators, and AI developers, incentivizing engagement through its native Flock token. Users can learn more at flock.io.contactfflock.io. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.