According to Foresight News, the decentralized AI training platform FLock has announced the completion of a $3 million strategic round of financing, with total funding reaching $11 million. This round of financing was led by DCG, the parent company of Grayscale, with Lightspeed Faction participating in a follow-on 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 address issues such as lack of 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, allowing contributors to fairly share the benefits derived from data, computing power, and feedback, giving everyone the opportunity to participate in AI development.