Masa Network, a decentralized data marketplace that focuses on personal data, has raised USD 5.4 million in a seed funding round led by Anagram, with participation from Avalanche Blizzard Fund, Digital Currency Group, and GoldenTree, among others. The total funds raised by the company now stand at USD 9.2 million.

The raised capital will be used to launch Masa's mainnet on a dedicated Avalanche subnet in Q1. This customized blockchain is intended to deal with large amounts of zero-knowledge encrypted data.

Established in 2021, Masa Network provides a decentralized data marketplace that enables users to contribute their personal data and receive compensation through Masa's native token. Subsequently, developers can utilize this data for training AI models and creating applications that preserve user privacy.

Analyst QuickTake: Masa's funding round coincides with Bagel Network's announcement of securing USD 3.1 million in pre-seed funding for the development of a decentralized data marketplace.