December 18, 2024
Masa, a decentralized data network focused on Fair AI, has secured new funding from Digital Currency Group (DCG) and FBG Capital to support the expansion of its real-time data network and the introduction of its AI Agent Arena on the Bittensor network. This latest round follows a successful launch of the Agent Arena on Bittensor, marking Masa’s second subnet on the platform. With the additional capital, Masa plans to accelerate the development of its Fair AI stack, which includes an AI Agent Builder, a Real-Time Data Layer, and the competitive Agent Arena, where AI agents powered by real-time data can compete for rewards.
The Agent Arena provides a platform for AI agents to evolve through merit-based competition, rewarding performance, engagement, and user interaction. By leveraging over 10 million daily data points from platforms like X (formerly Twitter), Discord, Telegram, podcasts, and YouTube, Masa's infrastructure enables AI agents to continuously improve and adapt to current social dynamics.
This integration of real-time data transforms static AI agents into self-improving systems capable of understanding social cues and maintaining contextual relevance. The innovative AI Agent Framework further allows users to customize AI agents, making it accessible to a broader range of creators beyond advanced developers.
Masa’s push into the Fair AI space is poised to impact the growing AI industry, with market predictions suggesting that crypto-focused AI projects could reach $10.2 billion by 2030. The company's previous funding rounds, including its initial Seed round co-led by DCG, have established a foundation for its expanding ecosystem. Masa's focus on decentralized, accessible AI aligns with DCG’s vision of a more open, decentralized future for AI tools. With the backing of DCG and its subsidiary Yuma, Masa plans to continue evolving the Bittensor ecosystem, further democratizing the creation and deployment of AI agents.
About Masa
Masa is a decentralized AI network where participants contribute data to earn rewards. AI developers can create and customize agents using global data, advancing Fair AI by integrating social platforms and data streams into the AI development process.
Website: https://masa.network
X: @getmasafi
About Investor
Digital Currency Group (DCG)
DCG is a venture capital firm focused on the digital asset sector. Founded in 2015, it has been at the forefront of investing in blockchain technology and digital assets, backing successful companies such as Coinbase, Kraken, and Foundry. The firm continues to lead investments in decentralized networks and blockchain innovations.
Location: Stamford, Connecticut
Website: https://dcg.co/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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