Masa Network Partners with LayerZero to Enhance Cross-Chain AI Data Network

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI


The decentralized personal data network, Masa Network, has announced a partnership with LayerZero, an interoperability protocol that allows developers to create omnichain experiences by seamlessly connecting different blockchains. This integration will facilitate communication between Ethereum, Binance Smart Chain, and the Masa Data Network on the dedicated Avalanche Subnet. Thanks to LayerZero's Omnichain Fungible Token (OFT) Standard, MASA token interoperability will extend to Polygon, Base, Celo, and more in the future.

On April 11, 2024, Masa is set to launch its native MASA token alongside the Network Mainnet, aiming to give back control of personal data to individuals. User data, stored in encrypted Zero-Knowledge Soulbound Tokens (zkSBTs) on the Masa Network, can be utilized to train AI models and fuel AI applications. Users are incentivized with MASA tokens when developers utilize their data in the decentralized artificial intelligence market.

Calenthia Mei, Co-founder of Masa, expressed excitement about the integration with LayerZero Labs, emphasizing the desire to empower users to have ownership and earnings from their data across different blockchain networks.

Masa has amassed a significant amount of privacy-first personal training data, totaling over 37 million privacy data points and 1.4 million unique wallets. This data will be valuable for developers to train AI models, develop innovative applications, and power decentralized advertising within Masa Network.

Simon Baksys, VP of Business Development at LayerZero, highlighted the collaboration with Masa to enhance privacy and innovation in AI development. The integration of LayerZero infrastructure with Masa's ecosystem will accelerate the development of personalized AI applications while ensuring the privacy and security of user data.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Analysts Remain Bullish on SpaceX Stock Despite Recent Challenges

chest

Despite recent challenges, analysts maintain a bullish outlook on SpaceX stock, citing its unique positioning in the market.

user avatarDavid Robinson

SpaceX Stock Faces Volatility Amid Lockup Expirations

chest

SpaceX stock has experienced significant fluctuations due to recent lockup expirations, with investors questioning its future performance.

user avatarAndrew Smith

Meta's Valuation Advantage Over SpaceX

chest

Despite SpaceX's rapid growth, Meta has a more favorable stock valuation, trading at about 66 times sales compared to SpaceX's 45 times sales.

user avatarZainab Kamara

SpaceX Outpaces Meta in Revenue Growth

chest

SpaceX's revenue grew by 92% year-over-year, while Meta's revenue increased by 28%. SpaceX's growth is driven by demand for AI and connectivity, whereas Meta's growth is slower but consistent.

user avatarJacob Williams

SpaceX and Meta Compete for $2 Trillion Valuation

chest

SpaceX and Meta are competing for a $2 trillion market valuation, with SpaceX having briefly reached this mark in June.

user avatarSon Min-ho

SanDisk's Impressive Stock Performance Post Spin-off

chest

SanDisk has experienced a remarkable stock increase of almost 3,900% since its spin-off from Western Digital, driven by high demand for NAND flash memory, with analysts suggesting over 50% upside from current levels.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.