Fast take:
The seed spherical brings Masa’s whole funding to $9.2 million.
The contemporary capital can be used to assist Masa’s Mainnet Launch on a devoted Avalanche Subnet.
Masa already boasts over 1 million related wallets and over 23,000 testnet node operators.
Masa Community has introduced a $5.4 million seed spherical led by Anagram Enterprise, a Web3 funding firm co-founded by Solana Basis President Lily Liu and former Polychain President Joe Eagan.
The fundraising additionally attracted participation from Avalanche Blizzard Fund, Digital Forex Group, GoldenTree, OP Crypto, Unshackled Ventures, and PEER VC, amongst others. This seed spherical brings the whole raised by Masa Community to $9.2 million. In Could 2022, the corporate raised $3.5 million in a pre-seed spherical led by Unshackled Ventures.
Masa is constructing a zero-knowledge proofs-based information community that enables customers to contribute their information to the community and get rewarded in Masa’s native token.
In response to the announcement, Masa Community desires to shift energy again to people with an open, safe, and incentivized financial system for the world’s private information. The platform leverages cutting-edge zero-knowledge know-how and fully-homomorphic encryptions.
The community is tailormade for the brand new age of generative AI, as information turns into a extremely useful commodity.
“For too lengthy, the world’s most useful person information has been locked away by Massive Tech corporations and exploited with out person consent or honest compensation. Because the demand for private information continues to exponentially develop, customers deserve to manage their information and get compensated for its use. It’s time for a brand new information paradigm,” Masa wrote in a press materials shared with NFTgators.
The corporate is constructing what it calls “decentralised Google” in its bid to shift the ability again to people.
Builders will be capable of entry person information to coach AI fashions run analytics, and construct modern purposes with out infringing on person privateness rights.
Commenting on the announcement, Calanthia Mei, Co-Founding father of Masa Community mentioned: “Masa Community realizes the unique blockchain dream – a good information financial system the place you personal and revenue out of your private information. With AI fueling surging demand, Masa arrives on the good time. Masa allows you to management and monetize your information on a decentralized market. No extra free lunches – personal your information, management its use, receives a commission. The longer term is information sovereignty. The ability is yours with Masa.”
Launched in August 2022, Masa Community has already related over 1 million wallets. The platform additionally boasts greater than 15 million permissioned information factors and over 23,000 testnet node operators, with Avalanche, QuickSwap, Injective, and Celo among the many early adopters of Masa Community.
Joe Eagan, Co-Founding father of Anagram commented: “At Anagram, we expect information is essentially the most useful commodity on this planet. Masa uniquely permits customers to develop into house owners and extra tightly aligns the worth of the information with the creator of the information, making a optimistic sum surroundings.”
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