Techub News: The decentralized AI training platform FLock has announced the completion of a $3 million strategic round of financing, bringing its total funding to $11 million. This round was led by DCG, the parent company of Grayscale, with participation from Lightspeed Faction, Animoca Brands, Fenbushi Capital, GnosisVC, GSR Ventures, OKCoinJapan, Bas1s Ventures, and A41, among others. This funding will enable FLock to advance its mission of democratizing AI model development and continue building a decentralized AI training platform.
FLock aims to address issues of insufficient transparency, weak data privacy, and unfair contributor rewards in traditional centralized AI systems using blockchain technology. Through its decentralized collaboration model, data remains local and does not need to be uploaded to third parties. Contributors can fairly share the benefits derived from data, computing power, and feedback, allowing everyone the opportunity to participate in AI development.