PANews, December 19 - According to official news, the decentralized AI training platform FLock has announced the completion of a $3 million strategic financing round, with a total financing of $11 million. This round of financing was led by DCG, the parent company of Grayscale, with follow-on investments from Lightspeed Faction and strategic partners including Animoca Brands, Fenbushi Capital, Gnosis VC, GSR Ventures, OKCoin Japan, Bas1s Ventures, and A41. This round of financing will enable FLock to advance the democratization of AI model development and continue building a decentralized AI training platform.
According to reports, FLock aims to use blockchain technology to address issues such as lack of transparency, weak data privacy, and unfair compensation for contributors in traditional AI centralized systems. Through its decentralized collaboration model, data is always kept locally without the need to upload it to third parties, allowing contributors to fairly share the benefits derived from data, computing power, and feedback, giving everyone the opportunity to participate in AI development.