Web3 AI project FLock.io has announced that it will launch the FLOCK token later this year.

BlockBeats News, December 27th, According to official sources, Web3 AI project FLock.io announced that it will launch the FLOCK token later this year. FLOCK is described as the core of the FLock.io private AI training platform, providing support for its AI Training Arena, collaborative node network FL Alliance, and AI Marketplace.

The official statement said that the tokenomics of FLOCK has been carefully designed to ensure a balance between incentivizing participants, maintaining system security, and enabling decentralized governance.

BlockBeats previously reported that Web3 AI project FLock.io announced the completion of a $6 million seed round in March of this year, led by Lightspeed Faction and Tagus Capital, with participation from DCG, OKX Ventures, Volt Capital, among others. It was then announced in September of this year that they received a grant from the Ethereum Foundation Research Fund for the 2024 academic funding round. Just a few days ago, they announced the completion of a $3 million strategic round led by DCG, with Lightspeed Faction participating in the round.