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Masa Makes History, Launches AI Data Subnet on Bittensor

Daniela Kirova
Daniela Kirova
Daniela Kirova
Author:
Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.
July 9th, 2024
Editor:
Joseph Alalade
Joseph Alalade
Editor:
Joseph Alalade
News Lead and Editor
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories.

Masa has launched an AI Data Subnet on Bittensor, pioneering decentralized AI production. The decentralized AI network will use Bittensor’s peer-to-peer machine intelligence network to facilitate AI data collection, access, and transformation.

The Masa platform allows people worldwide to contribute data and computation to the decentralized development of AI. It enables AI developers to build anything, anywhere, using all the data they have access to.

https://x.com/getmasafi/status/1810649742491214186

This will facilitate the open, fair, and permissionless contribution of AI bandwidth, computing, and training data.

What makes the Masa Bittensor Subnet valuable?

Since its launch in March of last year, Bittensor’s AI ecosystem has reached a value of $10 billion. Major stakeholders like Polychain, DCG subsidiary Foundry, and other institutional validators have collectively staked 5.7 million TAO, equivalent to $1.8 billion. Bittensor’s main network comprises specialized subnetworks, each focusing on different areas of AI.

With its innovative TAO economic model, Bittensor has emerged as a key player in the decentralized AI space, encouraging the production of high-value AI subnets.

Similar to Bittensor’s incentive system, validators and workers contributing to Masa receive rewards based on the value of their network contribution. This is accomplished through game-theoretical frameworks designed to optimize a contributor’s network utility and ensure the system’s effectiveness by offering tangible rewards for driving growth and AI expansion.

Moreover, the Masa Bittensor Subnet offers structured, static, vectorized, and annotated real-time data derived from various important data sources for AI development, including Discord, X, YouTube, TikTok, Google Search, and the New York Times, among others.

MASA is the first and only live token in the Bittensor ecosystem

Masa’s MASA token is the first and only live token in any Bittensor ecosystem subnet. The Masa platform and Masa Bittensor Subnet workers and validators can receive dual-token staking rewards in TAO and MASA.

The Masa Foundation will use the TAO earned from operating the subnet to support the token through distributions and buybacks as part of the emissions schedule.

Since its inception, Masa has raised $18 million, backed by DCG, Animoca, Anagram, and Republic Digital. Hashkey and Binance have incubated the platform.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.