PANews reported on December 19 that according to official news, the decentralized AI training platform FLock announced the completion of a strategic round of financing of US$3 million, with a total of US$11 million in cumulative financing. This round of financing was led by Grayscale's parent company Digital Currency Group DCG, followed by Lightspeed Faction, and strategic partners such as Animoca Brands, Fenbushi Capital, Gnosis VC, GSR Ventures, OKCoin Japan, Bas1s Ventures and A41. This round of financing will enable FLock to advance the path of democratized AI model development and continue to build a decentralized AI training platform.
According to reports, FLock aims to use blockchain technology to solve problems such as insufficient transparency, weak data privacy and unfair rewards for contributors in the traditional centralized AI system. Through its decentralized collaboration model, data is always retained locally and does not need to be uploaded to a third party. Contributors fairly share the benefits of data, computing power and feedback, giving everyone the opportunity to participate in AI development.
