KEY TAKEAWAYS
- FLock.io partners with Animoca Brands to develop AI models using federated learning on blockchain.
- The collaboration focuses on creating AI models for due diligence, investment, market-making, and operational support.
- FLock.io’s platform ensures data privacy and incentivizes collaboration through token-based incentives and security protocols.
- This partnership aims to integrate privacy-preserving AI solutions in the open metaverse, enhancing blockchain applications.
FLock.io, a platform focused on federated learning on blockchain, has announced a memorandum of understanding (MoU) with Animoca Brands. This collaboration aims to explore co-creation opportunities for domain-specific AI models using FLock.io’s training platform and protocol. The partnership was announced here on November 1, 2024.
The collaboration intends to leverage FLock.io’s privacy-preserving AI training infrastructure to develop four specialized AI models for Animoca Brands. These models will focus on facilitating due diligence, investment, market-making, and operational support. By combining federated learning with blockchain, FLock.io enables participants to collaboratively train and validate machine learning models without sharing raw data.
FLock.io’s platform, featuring AI Arena, FL Alliance, and AI Marketplace, creates a decentralized ecosystem that empowers data privacy and incentivizes collaboration. The platform uses token-based incentives and robust security protocols to ensure model accuracy and collaboration integrity.
Enhancing Blockchain Applications with Privacy-Preserving AI
Through this collaboration, Animoca Brands plans to use FLock.io’s infrastructure to train models for internal use, enhancing blockchain applications while maintaining user privacy and data sovereignty. The partnership aims to create specialized models that are decentralized and preserve data integrity.
Yat Siu, co-founder and executive chairman of Animoca Brands, expressed optimism about the collaboration, highlighting the potential to integrate privacy-preserving AI solutions in the open metaverse. Vincent Wang, CFO of FLock.io, emphasized the significance of this partnership for FLock.io’s community and its alignment with the company’s decentralized AI goals.
This partnership underscores FLock.io’s commitment to democratizing AI through secure decentralized collaboration, setting a new standard for privacy in AI. By combining technologies, the collaboration aims to empower users with trustless and transparent model training.
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