The post FLock.io and Animoca Brands Partner to Enhance Decentralized AI Development appeared on BitcoinEthereumNews.com.

Rebeca Moen Nov 03, 2024 04:02 FLock.io partners with Animoca Brands to develop AI models using blockchain technology, focusing on privacy-preserving, decentralized applications in the Web3 ecosystem. Introduction to the Partnership FLock.io, a community-driven platform specializing in federated learning on blockchain, has entered into a Memorandum of Understanding (MoU) with Animoca Brands. This collaboration aims to explore co-creation opportunities for domain-specific AI models utilizing FLock.io’s training platform and protocol, according to [Animoca Brands](https://www.animocabrands.com/flockio-signs-mou-to-enter-partnership-with-animoca-brands). Goals and Objectives The partnership is set to leverage FLock.io’s privacy-preserving AI training infrastructure to develop specialized models for Animoca Brands. These models will focus on facilitating due diligence, investment, market-making, and operational support, enhancing blockchain applications while maintaining user privacy and data sovereignty. FLock.io’s Technological Edge FLock.io combines federated learning with blockchain technology, allowing participants to collaboratively train and validate machine learning models without sharing raw data. Through its AI Arena, FL Alliance, and AI Marketplace, FLock.io fosters a decentralized ecosystem that emphasizes data privacy and incentivizes collaboration with token-based rewards. Animoca Brands’ Vision Animoca Brands, known for driving digital property rights via NFTs and gaming, intends to utilize FLock.io’s infrastructure to advance its blockchain applications. This collaboration underscores the potential to integrate privacy-preserving AI solutions in the open metaverse, unlocking new possibilities for decentralized applications within the Web3 ecosystem. Leadership Perspectives Yat Siu, co-founder and executive chairman of Animoca Brands, expressed enthusiasm about the partnership, emphasizing the importance of user privacy and data sovereignty in advancing Web3 technologies. Vincent Wang, CFO of FLock.io, highlighted the strategic fit between the two companies and the potential for delivering best-in-class AI models while ensuring data privacy. About FLock.io FLock.io is a decentralized AI co-creation platform focused on federated learning. With products like AI Arena and the AI Marketplace, it coordinates efforts with on-chain incentives, allowing collaboration in AI…

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Filed under: News - @ November 3, 2024 3:59 am