FLock.io’s intention to collaborate with Animoca Brands underscores commitment to democratizing AI through secure decentralized collaboration. By combining technologies, they aim to set a new standard for privacy in AI, empowering users with trustless and transparent model training.
1 November 2024 – FLock.io, a community-driven platform for federated learning on blockchain, today announced that it has entered into a memorandum of understanding (MoU) with Animoca Brands, the company driving digital property rights via NFTs and gaming to help build the open metaverse, to explore co-creation opportunities for domain-specific AI models using FLock.io’s training platform and protocol. The collaboration is envisaged to leverage FLock.io’s privacy-preserving AI training infrastructure to develop four specialized AI models for Animoca Brands, focusing on facilitating due diligence, investment, market-making, and operational support.
FLock.io combines federated learning with blockchain to enable participants to collaboratively train and validate machine learning models without sharing raw data. Through its AI Arena, FL Alliance, and AI Marketplace, FLock.io creates a decentralized ecosystem that empowers data privacy, incentivizes collaboration, and builds a community-driven AI environment. FLock.io’s platform features token-based incentives and robust security protocols, ensuring model accuracy and collaboration integrity.
Through the collaboration, Animoca Brands intends to use FLock.io’s infrastructure to train models for its internal use to enhance blockchain applications while maintaining user privacy and data sovereignty. Combining Animoca Brands’ industry expertise with FLock.io’s blockchain-based federated learning, the two companies aim to create specialized models that are decentralized and preserve data integrity. The collaboration highlights FLock.io’s capability to streamline the decentralized AI production cycle, from training to deployment, on a unified platform that enhances transparency and reduces data privacy concerns.
Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “We look forward to collaborating with FLock.io to leverage its innovative federated learning platform to advance Web3 technologies while prioritizing user privacy and data sovereignty. We believe that the collaboration can help integrate privacy-preserving AI solutions in the open metaverse, potentially unlocking new possibilities for decentralized applications and user experiences in the Web3 ecosystem.”
Vincent Wang, CFO of FLock.io, commented: “Animoca Brands is a leading Web3 company with extensive coverage across its product lines. We are thrilled to enter into a MoU for this partnership and deploy four distinct training tasks on our platform. We are confident that our community and platform will deliver best-in-class models while ensuring that Animoca Brands’ primary data remains local. This collaboration with Animoca Brands represents a significant step forward for our FLock.io community and underscores our strong product-market fit as a decentralized AI company.”
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About FLock.io
FLock.io is a decentralized AI co-creation platform for building, training and optimizing models using federated learning. Through its products—AI Arena, FL Alliance, and the AI Marketplace—FLock.io coordinates efforts with on-chain incentives, allowing data owners, compute providers, and AI engineers to collaborate in the development of AI models. By leveraging blockchain, FLock.io ensures privacy, decentralization, and a fair distribution of rewards, democratizing AI development and reducing dependence on centralized systems. In 2024, FLock.io was the only AI project to receive an academic grant from the Ethereum Foundation, recognizing its contributions to decentralized AI research. FLock.io is also the first and only Web3 project presented at the Royal Society. As FLock.io approaches its mainnet launch, the team’s vision for decentralized AI—focused on privacy, fairness, and user empowerment—will soon become a reality. By shifting the power of AI development from centralized entities to a transparent, community-driven ecosystem, FLock.io is setting a new standard for AI innovation. Visit FLock.io, or follow us on X, LinkedIn, and YouTube for more information.
About Animoca Brands
Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies 2024, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as Anichess, The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. One of Animoca Brands’ flagship projects is Mocaverse, a platform that enables consumers to maximize their Web3 exposure to experiences and rewards with a single login entry point. Animoca Brands has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 540 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.
