Brussels, Belgium, July 9, 2024, Chainwire
Masa also becomes the first active token on the Bittensor subnet ecosystem, introducing a new dual-token reward structure to incentivize contributors and democratize AI development.
Masa, a decentralized AI network where people earn money by contributing data, today announced the launch of an AI data subnet on Bittensor, a protocol pioneering decentralized AI production. Masa will leverage Bittensor’s peer-to-peer AI network to power the aggregation, transformation, and access of AI data. Together, this powers a world of fair, people-powered AI, where AI developers can build anything, anywhere, with the world’s data.
The AI sector of the cryptocurrency industry is projected to reach $10.2 billion in revenue by 2030, according to a research report by VanEck, while centralized AI has a projected market share value of $1.8 trillion by 2030. However, there is a clear demand for decentralized players as essential components of AI, including computations, models, and data, should not be monopolized by centralized entities.
Bittensor Masa Subnet Value Proposition
Bittensor has amassed a $10 billion AI ecosystem since launching in March 2023. Institutional validators such as DCG subsidiary Foundry and Polychain collectively staked a total of $5.7 million (or $1.8 billion) $TAO. Bittensor operates through a core network consisting of smaller, specialized subnets, each dedicated to different areas of AI. With its sophisticated TAO economic model that incentivizes the production of high-value AI subnets, Bittensor is a major player in the DeAI space.
Masa enables people around the world to contribute data and computations to AI development, without centralized control. Masa enables AI developers to build anything, anywhere, with the world’s data. It facilitates fair, open, and permissionless contribution of AI training data, computations, and bandwidth.
Similar to Bittensor’s incentive mechanism, Masa contributors (validators and workers) are rewarded based on the value of their contribution to the network, using game-theoretic frameworks that optimize a contributor’s utility on the network. This ensures an effective system that uses economic incentives to drive the equitable growth and expansion of Fair AI.
Masa’s Bittensor subnet provides static and real-time, structured, annotated, and vectorized data from a variety of data sources critical to AI development, including X (Twitter), Discord, everyday voice (e.g. podcasts, YouTube, TikTok), closed web data (e.g. New York Times), and public web data (e.g. Google (NASDAQ:) Search).
Real-time data can be used to build robust datasets or directly in system prompts for the current context. Subnet workers constantly update and store static datasets for further processing into vectors that drive Recall Augmented Generation (RAG) in AI agents. These datasets are processed and annotated by agent data pipelines that employ fine-tuned LLMs trained on JSON and other formats to deliver high-quality results from volatile data inputs. AI developers have been using Masa data for a wide range of use cases such as capturing trading signals and building hyper-personalized AI companions.
Masa and Bittensor communities can participate by using low-power devices to run a Masa worker node from laptops, servers, or future mobile devices, contributing compute and bandwidth from anywhere in the world.
$MASA joins the Bittensor subnet ecosystem as the first and only live token
The Masa token, $MASA, now becomes the sole active token for any subnet in the Bittensor ecosystem. Additionally, validators and workers on the Masa Protocol and Bittensor Masa Subnet can earn dual token staking rewards in $MASA and $TAO. The TAO owned by the Masa Foundation for operating the subnet will be used to support $MASA through buybacks or distributions as part of the issuance schedule.
Masa was the first AI project to debut on CoinList in 2024 through a 17-minute public sale in March. Over the past 2 years, Masa has grown to over 1.6 million contributors and over 100 developers on its network, where people earn money by contributing data. Masa’s ecosystem of contributors, developers, and validators is expected to significantly improve Bittensor’s performance and utility.
“As an early cryptocurrency developer and adopter who participated in the Ethereum ICO in 2014, Bittensor reminds me of the Ethereum ecosystem circa 2017,” said Brendan Playford, co-founder of Masa. “While Bittensor is still in its early days, it has the potential to outpace Ethereum’s growth, fueled by the rapid expansion of decentralized AI. DeAI has the potential to become even bigger than . At Masa, we are integrating into the Bittensor ecosystem to exponentially accelerate the development of decentralized AI, with data serving as the new currency of fair AI.”
To date, Masa has raised $18M backed by DCG, Anagram, Republic Digital, Animoca, and was incubated by Binance and Hashkey.
“The launch of the Masa subnet underscores the growing momentum of decentralized AI. We are proud to support Masa as it moves forward in both decentralized AI and broader AI development, which aligns deeply with our belief in the power of decentralized technologies.” said Evan Malanga, vice president of strategy at DCG.
To participate in Masa’s Bittensor subnet, users can visit Masa’s website. For additional information, they can follow Masa on X.
About Masa
Masa is a decentralized AI network where people earn money by contributing data. AI developers can build anything, anywhere, with data from around the world. Users can join Masa’s mission to create fair AI, powered by people.
ContactPublic Relations ManagerLauren BukoskeySerotonin[email protected]
This article was originally published on Chainwire
