Fleek is a cloud platform for creating, managing, and monetizing AI agents and virtual influencers.
The project and sale look interesting. Let’s dive deeper.
TLDR
AI narrative
Sale starts on May 1
Reasonable FDV at sale – $75M (lower than the last round by funds)
No cliffs or locks in the sale
TGE in Q3
Relatively modest raise – only $5M
Based in the US, but US users are banned
Old project – founded in 2018
Has a ready product
Tier 1 funds involved
Both founders are from Consensys (developed Token Foundry)
Strong Twitter following
About the Project
Fleek is a cloud platform for creating, managing, and monetizing AI agents and virtual influencers.
The platform combines all necessary infrastructure in one place, including hosting, LLM keys, servers, integrations, and an agent marketplace.
Fleek is developing a specialized cloud for AI agents, which are predicted to be the future foundation of user interaction on the internet, replacing websites and apps.
Initially, Fleek developed tools for hosting static sites and apps, with ENS and Filecoin integration. The goal was to simplify Web3 app development by offering an alternative to centralized solutions like AWS and Netlify.
In 2022, Fleek Network was announced – a decentralized content delivery network (CDN) and edge computing network designed to speed up Web3 apps.
In January 2025, the focus shifted to AI.
The project team raised $30M in two funding rounds:
$5M at a $60M valuation in the 2018 seed round (though CoinList lists it as 2019) with participation from Coinbase.
$25M at a $200M valuation in the 2022 Series A round with participation from Polychain, Coinbase, DCG, and others.
Twitter presence is strong. Followed by representatives from a16z, Coinbase, Electric Capital, Animoca Brands, Delphi Digital, Fabric Ventures, Polychain, as well as Stani Kulechov (Aave), Sandeep Nailwal (Polygon), and accounts like Base, OpenSea, The Graph, etc.
Roadmap for 2025
Spring 2025:
Launch of the agent marketplace and monetization features
Communication capabilities (text/phone calls, video generation, voice support, lip sync)
Skills marketplace and MCP, knowledge management
Summer 2025:
FLK token launch and Fleek Network mainnet
Virtual influencer hiring portal and advanced analytics
Advanced features (video calls, monetization via exclusive content, digital twin support)
Fall 2025:
Mobile app and virtual influencer tokenization
Agent workflow customization and blockchain integrations
Expanded marketplace, monetization, and virtual influencer marketing features
Team
Headquarters are in New York.
According to LinkedIn, the company has about 25 employees. The team is lean, so some of the previously raised $30M remains.
The project has two co-founders.
Harrison Hines – CEO and Co-founder of Fleek
In 2017, he joined ConsenSys, where he founded Token Foundry – a platform for token sales.
Strong Twitter presence – influential in crypto. Followed by a16z, Electric Capital, Coinbase, Multicoin Capital, Sandeep Nailwal (Polygon), Polygon’s official account, etc.
Frequently speaks at events and gives interviews.
Interview with Dfinity: LinkedIn Post
Twitter: @harris0nhines
Janison Sivarajah – CTO and Co-founder of Fleek
Worked at Fleek: October 2018 – April 2025. Possibly no longer with the company.
Previously: Tech lead at ConsenSys, software engineer at Token Foundry.
Weak Twitter presence.
Not active publicly lately, though he used to speak at events.
Twitter: @jsonsivar
LinkedIn: Janison Sivarajah
Token and Tokenomics
Utility of the FLK token:
Staking for platform service credits
Access to premium features
Increased visibility on the agent marketplace
Monetization opportunities for developers and content creators
Marketplace fees used for buyback and token burns
Supporting Fleek Network nodes
Total supply: 100M FLK
Initial circulating supply at TGE: 25M FLK
Distribution:
Team – 20%
Backers – 20%
Treasury – 20% (for partnerships, grants, and ecosystem growth)
CoinList and liquidity – 20% (for sale participants, initial liquidity, market makers, and exchanges)
Foundation – 10% (for ongoing operational and technical support)
Airdrop and other initiatives – 10% (for incentivizing virtual agent creation and rewarding active community members)
Full vesting is over 4 years.
Vesting for Funds:
The Series A raise is incorrectly listed in the table: The Block Article
CoinList Sale
Dates: May 1–8, 2025
Token price: $0.75
FDV: $75M
Allocation for sale: 6,666,667 FLK (6.67% of total supply) + possible additional allocation
100% unlocked at TGE, no vesting
Minimum purchase: $100
Maximum purchase: $250,000
Restrictions: Not available to residents of the US, Canada, most EU countries (except up to 149 qualified individuals per country), and other sanctioned jurisdictions.
Russia not banned (for now)
Distribution results announced within 48 hours after the sale ends
Unallocated funds returned by May 10, 20:00 UTC
Sale Mechanics: Filling Up From The Bottom
Fleek uses the "Filling Up From The Bottom" distribution model, similar to WalletConnect’s sale. This model prioritizes participants with smaller bids, allowing broader distribution among more users.
For comparison, WalletConnect had a max allocation of $10,000, but most received ~$400 per person.
Example Allocation Calculation:
For example, a sale with a total allocation of $10,000 and six participants:
User 1 requested $1,200
User 2 requested $2,600
User 3 requested $3,500
User 4 requested $700
User 5 requested $5,000
User 6 requested $900
With 6 participants and a $10,000 allocation, each could receive up to $1,666.67. Users requesting ≤$1,666.67 get their full allocation.
$2,800 was distributed, leaving $7,200 for 3 participants at $2,400 each. Users 2, 3, and 5 receive $2,400 each.
Competitors
Virtuals Protocol (VIRTUAL | FDV $841M) – AI agent platform on Base and Solana. Focuses on on-chain agent evolution for metaverses and social networks. Unlike Fleek, Virtuals is more gaming/visual-oriented.
CreatorBid (BID | FDV $45.4M) – Simple AI agent launch on Base and BNB Chain. No-code focus. Lacks Fleek’s customization and scalability.
SUI Agents (SUIAI | FDV $1.3M) – Sui-based no-code agent platform for content automation.
AI Agent Layer (AIFUN | FDV $1.8M) – On-chain ecosystem for autonomous agents with internal currency. Lacks Fleek’s production tools.
Spheron Network (not traded) – Decentralized hosting for Web3 apps. Can be a base layer for agents but lacks agent logic/UI. Fleek is a turnkey solution.
Final Thoughts
The project is interesting, and the sale terms are good—especially compared to recent sales like Legion and FjordFoundry. The raise is modest ($5M), so it doesn’t seem like a cash grab.
Given WalletConnect’s similar sale mechanics ("Filling Up From The Bottom"), multi-accounting might be worth considering. WalletConnect capped at ~$400 per person despite a $10K max allocation. Fleek’s max is $250K, but demand will likely be higher.
However, market conditions and news in Q3 are unpredictable, so invest at your own discretion.
