The decentralized AI training platform FLock has completed a $3 million strategic round of financing, bringing the total funding amount to $11 million

ChainCatcher news, the decentralized AI training platform FLock announced the completion of a $3 million strategic round of financing, bringing the total financing to $11 million. This round of financing was led by Grayscale's parent company, Digital Currency Group (DCG), with Lightspeed Faction participating in a follow-on round, along with strategic partners such as Animoca Brands, Fenbushi Capital, GnosisVC, GSR Ventures, OKCoinJapan, Bas1s Ventures, and A41. 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 compensation for contributors in traditional centralized AI systems through blockchain technology. With 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.