Masa Raises $8.9 Million After Seed-Stage Funding
A decentralized data marketplace builder, Masa, recently secured $5.4 million in its seed funding round. Notable investors, including Avalanche Blizzard Fund, Golden Tree, Unshackled Ventures, digital currency group, OP crypto, and PEER VC, backed the firm.
Meanwhile, Anagram, co-founded by Solana Foundation President Lily Liu and former Polychain President Joe Eagan, were the primary investors in the endeavor.
Giving Powers to the Individuals!
The fresh capital will be used to develop and enhance the “Decentralized Google,” which features an open, secure, and incentivized economy with individuals worldwide owning their personal data. The goal is to empower owners without compromising data privacy, leveraging cutting-edge zero-knowledge and fully-homomorphic encryptions.
Reaching a Breakthrough!
With the recent seed stage funding, Masa has now raised $8.9 million, including the $3.5 million raised in its pre-seed stage in May 2022. Co-Founder Calanthia Mei stated, “Masa Network realizes the original blockchain dream – a fair data economy where you own and profit from your data.”
Hot Take
Masa increases its capital to $8.9 million after accomplishing the recent seed-stage funding.
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