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Cryptocurrency News Articles
Masa and LayerZero Team Up to Empower Data Sovereignty Across Blockchains
Mar 28, 2024 at 10:01 pm
Masa Network and LayerZero are collaborating to revolutionize personal data management and AI development. Through LayerZero's interoperability protocol, Masa Network will enable seamless data exchange across multiple blockchains, empowering users to control and monetize their data. This partnership will facilitate the creation of omni-chain applications, tokens, and experiences, fostering innovation and privacy in the AI landscape.
Masa and LayerZero Forge a Bridge Between Blockchains, Empowering Data Sovereignty
March 28, 2024
Masa Network, a visionary force in the decentralized personal data landscape, is poised to revolutionize the industry with its imminent launch as a cross-chain platform. This strategic move will make Masa's services accessible on a multitude of blockchains, empowering individuals with unprecedented control over their personal data in an increasingly data-driven world.
In a groundbreaking partnership, Masa Network has joined forces with LayerZero, a preeminent provider of interoperability protocols. This collaboration aims to seamlessly connect diverse blockchains, fostering the development of multi-chain applications, tokens, and user experiences that transcend blockchain boundaries.
By leveraging LayerZero's robust technology, Masa Network will facilitate effortless data exchange within its ecosystem. Initially launching on a dedicated Avalanche Subnet, Masa's reach will swiftly expand to encompass Ethereum and Binance Smart Chain. Harnessing LayerZero's Omnichain Fungible Token (OFT) Standard, the MASA token will gain compatibility with a wide array of networks, including Polygon, Base, and Celo, enabling seamless cross-chain token transfers.
Masa's mainnet debut is scheduled for approximately April 11, 2024, coinciding with the introduction of the MASA token. This token underscores Masa's fundamental mission to empower users in managing their personal data within an AI-centric future. Through the secure storage and encryption of digital footprints and social graphs in Zero-Knowledge Soulbound Tokens (zkSBTs) on the Masa Network, individuals gain the autonomy to control, share, and monetize their data. This valuable data can fuel AI training, drive the development of AI tools, and pave the way for groundbreaking AI solutions, with users receiving MASA tokens as compensation for their contributions.
"Masa is elated to integrate with LayerZero Labs, a recognized standard-bearer in the interoperability arena," remarked Calenthia Mei, Masa's Co-founder. "Our partnership empowers users to possess, share, and profit from their data, regardless of the blockchain network it resides on. With LayerZero's invaluable support, we are thrilled to embrace cross-chain functionality and interoperability from the very outset."
Masa has emerged as a pivotal platform for AI training, safeguarding privacy-first personal data. Boasting over 1.4 million unique wallets and an impressive 37 million proprietary data points, Masa provides developers with unparalleled access to extensive, private user data. This empowers them to create sophisticated AI models, develop innovative applications, implement decentralized marketing strategies, and explore a myriad of other possibilities. Masa is also preparing to offer pre-built large language models, facilitating instant data searches within its ecosystem.
"We are delighted to join forces with Masa to elevate privacy and innovation in AI development," stated Simon Baksys, LayerZero's VP of Business Development. "Integrating LayerZero's infrastructure with Masa's ecosystem will accelerate the creation of customized AI applications while ensuring that user data remains secure and confidential."
LayerZero is an interoperability protocol that has revolutionized the blockchain landscape by connecting over 50 distinct blockchains. This innovative technology empowers developers to design cohesive omni-chain applications, tokens, and experiences. LayerZero's robust security framework and decentralized message transfer system ensure the integrity and security of cross-chain interactions.
Masa Network is committed to empowering individuals with ownership, sharing, and monetization of their personal data. By establishing a scalable, secure, and comprehensive data marketplace for developers, Masa is shaping the future of data-centric applications in this era of AI. Since its inception in August 2022, Masa has witnessed tremendous growth, accruing over 1.3 million unique wallets and more than 37 million proprietary data points. Backed by prominent investors and prestigious accelerator programs, Masa Network has secured over $9.2 million in funding, solidifying its position as a leading force in the realm of data-centric applications.
This content represents the views of the author and should not be construed as financial or investment advice. FinanceFeeds does not assume any liability for the accuracy or completeness of the information provided herein.
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