Funds for Personal Data Marketplace Masa

US-based decentralized data marketplace Masa Network has secured $5.4m in Seed funding, to pursue its goal of 'a fair data economy where you own and profit from your personal data'.

Masa says it is building a 'Decentralized Google', described as an open, secure and incentivized economy for the world's personal data, whilst guaranteeing privacy through zero-knowledge and fully-homomorphic encryptions. Users contribute their data to the network and are rewarded in Masa's own token currency. Developers then use the data to train AI models, run analytics and build new applications.

The firm was launched in August 2022 and already boasts more than a million connected wallets, more than 15 million permissioned data points, and over 23,000 testnet node operators.

The Seed round was led by Anagram, co-founded by Solana Foundation President Lily Liu and former Polychain President Joe Eagan; and supported by other investors including Avalanche Blizzard Fund, Digital Currency Group and Unshackled Ventures. Masa had previously raised $3.8m in funding.

Masa co-founder Calanthia Mei comments: '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'.

Web site: www.masa.finance .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.