ChainCatcher message, the decentralized AI training platform FLock announces the completion of a $3 million strategic round of financing, with a total financing of $11 million. This round of financing was led by Grayscale's parent company Digital Currency Group (DCG), with Lightspeed Faction participating in the follow-up round, and strategic partners such as Animoca Brands, Fenbushi Capital, GnosisVC, GSR Ventures, OKCoinJapan, Bas1s Ventures, and A41 also participating. This round of financing will enable FLock to advance the democratization of AI model development and continue to build a decentralized AI training platform.
FLock aims to use blockchain technology to address issues such as lack of transparency, weak data privacy, and unfair rewards for contributors in traditional centralized AI systems. Through its decentralized collaboration model, data is always kept locally, eliminating the need to upload it to third parties. Contributors fairly share the benefits derived from data, computing power, and feedback, providing everyone with an opportunity to participate in AI development.
