• Masa raised $3.5 million in a pre-seed spherical in 2022, bringing whole seed funding to $9.2 million.
• Masa will use these funds to construct a decentralized ZK community for private information on Avalanche.

Masa Community, a platform for constructing zero-knowledge (zk) information networks and marketplaces, has reportedly raised $5.4 million in a seed spherical. announcement Tuesday, January twenty third.

Anagram, a enterprise capital platform co-founded by Lily Liu (President of Solana Basis) and Joe Eagan (former President of Polychain), led the seed spherical. Different members embrace Digital Foreign money Group, Avalanche Blizzard Fund, GoldenTree, OP Crypto, and extra.

This seed spherical is along with the $3.5 million Masa raised in a pre-seed funding spherical that closed in 2022. With this funding, the platform has now raised a complete of $9.2 million.

Masa plans to make use of the capital injection to construct a decentralized community of non-public information, which the corporate calls a “decentralized Google.” In keeping with particulars printed at present in a Medium publish, Masa expects to launch the community as a subnet on Avalanche.

“masa enables you to management and monetize your information in a decentralized market. Personal your information, management its use, and receives a commission. The longer term is information sovereignty.The ability is yours with Masa” stated Karanthia Might, co-founder of Masa Community.

Since its launch in August 2022, Masa's zero-knowledge information community has been built-in by high crypto initiatives corresponding to Avalanche, Injective, Celo, and QuickSwap.