Masa Finance plans to launch decentralized data network and market in Q1 2024

Masa Finance, a data network that claims to be "building a decentralized Google for the AI era," plans to launch a decentralized data network and market in the first quarter of 2024.

Masa is working with the hosted blockchain service AvaCloud to deploy an Avalanche subnet (a specific application blockchain) without Gas (no transaction fees). According to a statement, this customizable blockchain will be designed to efficiently and cost-effectively process large amounts of zero-knowledge encrypted data.

As previously reported by BlockBeats, Masa Finance announced the completion of a $3.5 million seed round of financing in May 2022, with participation from Unshackled Ventures, Lateral Capital, GoldenTree Asset Management, Decentranet Intersect VC, Peer VC, Alves Ventures, and others.