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Today: May 22, 2024
January 23, 2024
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Disrupting Google: Solana/Polychain VC Leads $54M Challenge by Masa

TLDR:

– Masa Network, a decentralized data marketplace, has raised $5.4 million in seed funding.
– The funding round was led by venture capital firm Anagram, backed by Solana and Polychain, with participation from several other firms including Avalanche Blizzard Fund and Digital Currency Group.

Masa Network, a company aiming to challenge Google’s dominance in the data market, has closed a $5.4m funding round led by Anagram, a venture capital firm founded by former Solana and Polychain executives. The company aims to create an open, secure and incentivised marketplace for personal data, allowing individuals to own and control their own data whilst getting rewarded for its use. Masa Network plans to utilise the funds raised to launch its mainnet on a dedicated Avalanche Subnet in the first quarter of 2024. The company has already attracted significant interest, with over 1 million connected wallets and more than 15 million permissioned data points contributed to its network.

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