Introduction to the Masa Network (MASA)
Masa Network grabbed the world’s attention with its unique decentralization of AI data and LLM network.
AI is progressing by leaps and bounds. This time, it has the company of Masa Network which utilized AI to revolutionize the data exchange in the crypto world.
Masa is among the first ones to incorporate AI data decentralization and Zero-Knowledge (ZK) data processing into the blockchain realm.
It allows the users to use their data on the platform to train the AI model and make it more precise to solve blockchain problems.
The users can own their data, share it with other users, and even earn from it by training Masa’s AI model.
What makes Masa interesting is its ZK data marketplace. It has helped people tackle privacy issues while validating data or transactions.
The zero-knowledge model enables its users to prove or validate the data to the other party without exposing private information.
Masa offers this flexibility with its ZK-powered, decentralized marketplace.
Sounds a bit complex? How does it do it? Let’s find it all!
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Masa Network (MASA) Origin & Early Achievement
Masa is among the newcomers in this crypto industry, as it was launched in April 2024.
However, it was among the most anticipated ones as well due to the introduction of decentralization in the AI & LLM networks.
Its co-founder, Calanthia Mei, is enthusiastic about its launch.
“Masa Network realizes the original blockchain dream – a fair data economy where you own and profit from your personal data. With AI fueling surging demand, Masa arrives at the perfect time,” said Calanthia.
“Masa lets you control and monetize your data on a decentralized marketplace. Own your data, control its use, get paid. The future is data sovereignty. The power is yours with Masa.”
It might be the reason that Masa managed to make a blasting and record-breaking entry.
Within its initial 17-minute CoinList sale, it raised about $8.75 million.
Currently, Masa Network is the only AI-powered ZK protocol token on CoinList Launchpad in 2024.
Technology and Key Layers
Since Masa Network is the pioneer of the zero-knowledge decentralized platform, it is constructing a structurally strong blockchain.
The aim is reflected in its robust network architecture, which applies fully homomorphic cryptography.
As a result, it shapes a multi-layered structure that operates on different levels.
1. User Layer: Masa zkSBT
Masa Network has introduced an innovative method for users to share their data and information.
It helps in the AI’s training and facilitates the involved businesses and developers to use it for their projects.
However, this data sharing is completely encrypted and the user’s identity is intact.
Hence, they can control how detailed they want to share their data without worrying about any intervention to their privacy.
Masa has made it possible with the help of zero-knowledge Soul-Bound Tokens (zkSBT).
By sharing detailed yet anonymous personal data through these tokens, users can also generate income for their contribution.
2. Data Exchange Layer: Masa zk-Oracle
This layer facilitates the data exchange, processing, and validation by utilizing the zero-knowledge proofs.
For this purpose, it uses the zk-Oracle Network which operates on oracle nodes.
These nodes take data from both off-chain and on-chain sources.
Then it processes the data, analyzes it, and validates it without compromising on the indexing.
Hence, it uses the zk-proofs to encrypt data and maintain its privacy.
The developers can further use these nodes and extract useful information without getting into the raw data.
As a result, the protocol keeps the identity of the data’s owner hidden and the developer also gets its useful information (a win-win for both parties).
3. Data Access Layer: Masa Network
Next comes the main blockchain stage, the Masa Network.
It bridges the user’s zkSBTs and the data transfer. Currently, Masa Network uses Masa Avalanche Subnet and opBNB blockchain.
However, it will also expand the network to other protocols and blockchains as well.
The platform uses Oracle nodes to collect data and personalize AI. Then the data uses (say) Avalanche validators to process and confirm the blocks.
After validation, it adds to the blockchain.
During the process, the user’s identity remains anonymous while the developers or businesses can work on the added data blocks.
4. Developer Layer: Applications
As the name suggests, this layer is for the developers where they find several tools and themes to develop apps.
These applications are also privacy-focused software that will integrate into the Masa zk-powered marketplace.
While each application will have a different set of features, they may get the core Masa network capabilities.
It means they can store and encrypt user’s data ethically which will train AI models.
Businesses can collect valuable analytical data without disclosing the user’s sensitive information.
Moreover, users can monetize their data by ethically sharing their encrypted forms.
However, they will still have full control over privacy.
Lastly, the developers have all the access (excluding controlling and exploiting user’s private data) to create and revolutionize AI data in the crypto world.
MASA Tokenomics, Utility & Incentives
Masa Network has a native token with the same name, MASA.
It drives the governance on the Mainnet, while holders can also use it as a gas token on its Subnet, Masa Avalanche.
Its building is based on the ERC-20 protocol, which empowers the token to integrate smart contracts and allow dApps.
However, users can access Masa on the Binance Smart Chain on its launch.
The total MASA supply is 1.59 billion tokens, but the circulating supply is only 18.13%, which is equal to 288.1 million MASA.
Utility & Incentives
Masa token offers different functions on the platform to facilitate operations and governance.
First of all, since it is a decentralized AI data and LLM model, it requires a source to train its AI.
So, it incentivizes people to share their data so the AI can train on it.
In return, people get passive rewards for their contributions.
Likewise, if a developer wants to use the data for projects on Masa (such as dApps or Smart Contracts), he will require MASA to collect and utilize it.
On the other hand, the users have to pay the gas fees in MASA tokens to use, manage, and mint, zkSBT.
Otherwise, it is the reward for staking as well. On the zk-oracle nodes, users can stake MASA and receive staked tokens after the completion of the locked period.
Lastly, they can also use it for voting on network upgrades, amendments in the fee structure, or other proposals.
How to Obtain Masa
Obtaining MASA tokens is way easier than cracking complicated hashes or staking the tokens for months.
The Masa App allows users to get MASA tokens in four different ways.
- One way is completing various quests and tasks in the application. These quests are simple, like joining their social media channel or completing a trial shared on Discord.
- The users can also install its Chrome extension and allow Masa to browse through their data. Again, data collection is ethical and highly encrypted, without touching private information (zkSBT protection). For this crawling allowance, users get MASA tokens.
- Another interesting method is assisting Oracle nodes and scraping web data. The users must install the Chrome extension or Data Oracle to collect and scrape web data. They will get the token by sending the data to the network.
- Lastly, they can work with data repositories and aggregate the records. In this way, they don’t have to share their personalized data, and still earn the Masa tokens.
How to Buy MASA Tokens
Although the Masa token is just in its early stages, several crypto exchanges have already listed it for purchase.
These include ByBit, Huobi, Gate.io, Bitmart, KuCoin, MEXC, Phemex, and others.
The purchase process on these platforms may vary slightly, but it is generally similar.
- Select the platform that supports MASA purchases.
- Register and create an account.
- Complete the KYC verification as it is required for crypto purchases on many platforms.
- After the verification, go to the Buy Crypto tab.
- Out of multiple options available on different platforms, let’s discuss the most common and simple process, i.e., via credit card. Select the Buy with Credit/Debit Card option.
- Choose Masa from the dropdown menu in the crypto section, and enter the amount.
- Enter card details, perform some verifications, and hit Buy Crypto. It will deduct an amount from the bank or credit according to the current MASA tokens price.
- The tokens will be transferred to the exchange’s native wallet after a while, from where they can be withdrawn to an external wallet.
Masa Network Crypto Partners
Masa Network also has brilliant support from other crypto platforms.
They include Polygon, zkSync, Layer Zero, Anagram, Animoca Brands, Avalanche, Celo, and others.
Moreover, its media coverage also involves big names, like TechCrunch, MSN, Forbes, CoinDesk, Reuters, CNBC, and others.
Additionally, Binance MVB Accelerator and Hashkey AI Accelerator incubate Masa.
That’s why it was successful in gathering more than 1.4 million unique users and 48,000+ node operators even before the Mainnet Launch.
Masa Network Future Plans & Roadmap
Since Masa Network has just released, their future plans are not as definite as others might have.
However, the big picture of their roadmap is quite productive and hints at many robust outcomes as the calendar moves.
Most of their investment will go towards the research and developmental projects revolving around AI advancements.
For example, the initial plan includes integrating privacy-preserving AI, explainable AI, and a federated learning model.
By the end of 2024, it aims to expand the network to all EVM-compatible chains and also launch on non-EVM chains (like Solana) as well.
The Q4 plans also include deploying Oracle Mainnet, new AI & Data projects, zk-powered Machine Learning (ML), and Fully-Homomorphic Encryption (FHE).
Conclusion: Masa Network’s Role in Data Exchange
With the help of decentralized AI data and its continuously learning LLM model, Masa Network has the potential to revolutionize data exchange.
Its advanced and secured zkSBT, users can easily share their data for a passive income stream and without worrying about exploitation.
On the other hand, it empowers the developers to create more diversified and versatile applications for the Mainnet to facilitate users.
As a result, the potential and future seem bright enough.
However, given the too-early stage of the network, it will be best to analyze Masa a bit more.
We Coin-Labs.com provides only objective information about Masa Network (MASA).
Therefore, we are not responsible for the investment decision in Masa Network (MASA) and the resulting loss.
Masa Network (MASA) Basics
Here are some factors that investors should consider before investing in Masa Network (MASA).
| Cryptocurrency Features | Masa Network (MASA) (MASA) |
|---|---|
| Publisher or Developers | Masa |
| Headquarters (Registration Number) | |
| Symbol | MASA |
| Platform | |
| Published Date (CMC Registration) | 2024-11-01 |
| Max Supply | 1,588,866,523 MASA |
Reliability Score of Masa Network (MASA) in 2024
These are indexes mesuring the investment reliability of Masa Network (MASA) conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 4 Exchanges |
| Number of Available Pairs Worldwide | 50 Pairs |
| Market Cap of the Cryptocurrency | 0 USD (Rank #9545) |
The table above shows the result of investment suitability evaluation for Masa Network (MASA).
Check out how we evaluate cryptocurrencies on the crypto rating description page.
Masa Network (MASA) Price
Here are the price and recent trading volume of Masa Network (MASA). (Data of 2024-11-02 00:35:00)
| Price Items | Price and Trading Volume of Masa Network (MASA) |
|---|---|
| Masa Network (MASA) Price | 0.068 USD |
| Price Change 24h | -2.64% |
| Price Change 7d | -4.21% |
| Trading Volume 24h | 8,160,948 USD |
| Trading Volume Change 24h | -69.78% |
Cryptocurrency Metadata
You can check the development status and social media information of Masa Network (MASA) through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | |
| 📖 White Paper | |
| 🛰️ Source Code (GitHub) | |
| 🎺 Message Board |
Where to Buy Masa Network (MASA)
Here are the top ten world crypto exchanges where traders can buy Masa Network (MASA) in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Not listed | |
| Coinbase | Not listed | |
| Kraken | Not listed | |
| KuCoin | Listed | https://www.kucoin.com/trade/MASA-USDT |
| Bitfinex | Not listed | |
| OKX | Not listed | |
| Huobi | Listed | https://www.htx.com/trade/masa_usdt |
| Bitstamp | Not listed | |
| Bybit | Listed | https://www.bybit.com/en/trade/spot/MASA/USDT |
| Gate.io | Listed | https://www.gate.io/trade/MASA_USDT |
Frequently Asked Questions
What is the current price of Masa Network (MASA)?
Masa Network (MASA) price today is 0.068 USD. Furthermore, the price of Masa Network (MASA) has fluctuated by -2.64% from 24 hours ago, and by -4.21% from a week ago.
Where is Masa Network (MASA) listed?
Currently, it is listed on a total of 4 among the world top 10 exchanges.
What is the market cap of Masa Network (MASA) now?
Currently, Masa Network (MASA) has a market cap of 0 USD, which is ranking 9545 among cryptocurrencies worldwide.
How much is the trade volume of Masa Network (MASA)?
Currently, 357,230,961 MASA coins are circulating through 50 market pairs. As a result, in the last 24 hours, 8,160,948 USD of MASA coins were traded in the market.
