- The Masa Network startup has attracted $5.4 million in investments.
- The funding round was led by Anagram Crypto firm.
- The funds will be used to launch a decentralized network on Avalanche.
The Masa Network company has announced raising $5.4 million in investments. The seed funding round was led by Anagram Crypto with participation from Avalanche Blizzard Fund, Digital Currency Group, GoldenTree and others.
It is known that Masa Network will use the new capital to create a decentralized network on Avalanche, “focused on users’ personal data”.
“Masa’s goal is to create a data platform that allows users to provide personal data and earn rewards in Masa tokens. Developers will gain access to this data to train artificial intelligence models and create privacy-preserving applications for customers,” the statement says.
It should be reminded that in May 2022, the startup attracted $3.5 million in investments. We also previously reported that the VETA Finance DeFi platform, which supports margin trading of digitally asset-oriented products, received $2.85 million in funding.
