Masa Network – a builder of the leading decentralized data marketplace – announced $5.4 million in its Seed Fundraising Round led by Anagram, co-founded by Solana Foundation President Lily Liu and former Polychain President Joe Eagan. And additional investors include Avalanche Blizzard Fund, Digital Currency Group, GoldenTree, OP Crypto, Unshackled Ventures, PEER VC, and others.
Data is considered the new oil in the age of AI. And data has become the most valuable global commodity. The generative AI race is also now turning unique and valuable personal data into the next value creation frontier. The world’s most valuable user data has been locked away by Big Tech companies and exploited without user consent or fair compensation for too long. And as the demand for personal data continues to grow, users deserve to control their data and get compensated for its use.
Masa is creatinga “Decentralized Google,” an open, secure, and incentivized economy for the world’s personal data. And it shifts power back to individuals, without compromising data privacy, through leveraging cutting-edge zero-knowledge and fully-homomorphic encryptions.
Users are able to contribute their data to the network and get rewarded in Masa’s native token. And developers can access this data to train AI models, run analytics, and build innovative applications in a privacy-preserving way.
This most recent seed round brings Masa’s total funding to $9.2 million. And the funding will be used to support Masa’s Q1 Mainnet Launch on a dedicated Avalanche Subnet through a strategic partnership with Avalanche.
Since launching in August 2022, Masa achieved significant traction with over 1 million connected wallets, over 15 million permissioned data points, and over 23,000 testnet node operators. And leading projects like Avalanche, QuickSwap, Injective, Celo, and more are early adopters of Masa’s products.
KEY QUOTES:
“Masa Network realizes the original blockchain dream – a fair data economy where you own and profit from your personal data. With AI fueling surging demand, Masa arrives at the perfect time. Masa lets you control and monetize your data on a decentralized marketplace. Own your data, control its use, get paid. The future is data sovereignty. The power is yours with Masa.”
— Calanthia Mei, Co-Founder of Masa Network
“At Anagram, we think data is the most valuable commodity in the world. Masa uniquely enables users to become owners and more tightly aligns the value of the data with the creator of the data, creating a positive sum environment.”
— Joe Eagan, Co-Founder of Anagram
