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Home » FLock.io and Animoca Brands Forge Path for Decentralized AI in Web3

FLock.io and Animoca Brands Forge Path for Decentralized AI in Web3

Pioneering AI Privacy and Security with Blockchain

Kelly Cromley by Kelly Cromley
Nov 4, 2024
in Market News, News
Reading Time: 3 mins read
0
FLock

FLock.io, a platform specializing in federated learning through blockchain technology, recently announced a Memorandum of Understanding (MoU) with Animoca Brands, a Web3 leader in digital property rights via NFTs and gaming. The collaboration seeks to explore potential for developing AI models tailored to specific domains, combining FLock.io’s privacy-oriented training platform with Animoca Brands’ metaverse expertise. This partnership aims to accelerate decentralized, privacy-respecting AI advancements that can support both companies in areas such as due diligence, investment strategies, and operational functions within blockchain environments.

FLock.io’s unique approach integrates federated learning and blockchain, enabling multiple parties to collaboratively train and validate machine learning models without the need to share raw data. This structure fosters a secure environment where privacy remains intact, allowing stakeholders to develop AI solutions together without compromising data ownership. Within FLock.io’s ecosystem, the AI Arena, FL Alliance, and AI Marketplace form a decentralized network that emphasizes data privacy and incentivizes participation, creating a collaborative community for decentralized AI development. The platform’s use of token-based incentives and stringent security protocols is designed to uphold model accuracy and foster collaborative integrity, underscoring FLock.io’s dedication to privacy and security in AI.

Under the MoU, Animoca Brands plans to leverage FLock.io’s federated infrastructure to build models for its internal applications, including blockchain-driven initiatives. Animoca’s objective with this infrastructure is to enhance user privacy and protect data sovereignty within its ecosystem. This aligns with Animoca’s broader goals of creating an open metaverse where users can retain ownership of digital assets. By combining Animoca Brands’ expertise in gaming and digital rights with FLock.io’s secure AI framework, the companies aim to create specialized models that ensure data integrity while remaining decentralized.

The collaboration between FLock.io and Animoca Brands highlights FLock.io’s capability to manage decentralized AI model production from initial training to deployment, all within a unified platform. This structure is designed to enhance transparency and alleviate data privacy concerns, setting a new standard for privacy-preserving AI in Web3 applications. As a decentralized AI platform, FLock.io offers a co-creation model for building, training, and optimizing AI through federated learning. The platform’s decentralized ecosystem encourages contributions from data owners, computing resources, and AI engineers, all of whom collaborate through on-chain incentives to develop AI models. This blockchain-based structure ensures data privacy, decentralization, and equitable rewards distribution, aiming to democratize AI development and reduce dependency on centralized entities.

In recognition of its contributions to decentralized AI research, FLock.io was the only AI project in 2024 to receive an academic grant from the Ethereum Foundation. Additionally, FLock.io achieved another milestone as the first Web3 project to present at the Royal Society. As the platform approaches its mainnet launch, its team anticipates realizing their vision for decentralized AI, which centers on privacy, fairness, and user empowerment. Through this shift, FLock.io intends to transfer AI development control from centralized players to a transparent, community-driven ecosystem, positioning itself as a trailblazer in AI innovation within the Web3 sphere.

Animoca Brands, widely regarded for its role in establishing digital property rights, is deeply invested in advancing the open metaverse. The company’s portfolio encompasses original games like Anichess, The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, along with products built on well-known entertainment properties, including The Walking Dead, Power Rangers, MotoGP, and Formula E. Animoca’s metaverse ecosystem also includes Mocaverse, a platform enabling users to streamline their Web3 engagement with a unified login, enhancing accessibility to diverse digital experiences.

The firm oversees numerous subsidiaries such as The Sandbox, Blowfish Studios, Quidd, GAMEE, and many others, covering a range of entertainment and technology sectors. As a prominent Web3 investor, Animoca Brands has amassed a substantial portfolio of over 540 investments, both directly and through Animoca Ventures. This portfolio includes significant players like Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, OpenSea, Dapper Labs, and Yield Guild Games.

Through this new collaboration, Animoca Brands aims to harness FLock.io’s privacy-preserving AI to support blockchain applications while reinforcing its commitment to data sovereignty. The partnership not only marks a strategic expansion of Animoca Brands’ capabilities but also strengthens FLock.io’s position in the decentralized AI landscape. By working together, both companies are set to push the boundaries of Web3 technology, creating a future where AI and blockchain converge in a secure, decentralized, and user-centric ecosystem.

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