Masa Unveils LLM-Powered AI Data Subnet on Bittensor, Attracting Hundreds of Developers to the Ecosystem

Brussels, Belgium, July 9th, 2024

Masa has emerged as the first live token within the Bittensor Subnet Ecosystem, initiating a unique dual-token reward system designed to motivate contributors and democratize artificial intelligence (AI) development.

Masa, a decentralized AI network that allows individuals to earn by sharing data, has unveiled an AI Data Subnet on Bittensor—an innovative protocol focused on decentralized AI production. This partnership will enhance AI data aggregation, transformation, and accessibility through Bittensor’s peer-to-peer machine intelligence network, fostering an ecosystem of Fair AI where developers can create solutions globally using expansive datasets.

The AI segment of the cryptocurrency market is anticipated to generate $10.2 billion in revenue by 2030, according to a research report. In contrast, the centralized AI landscape is projected to have a market value of $1.8 trillion within the same timeframe. This presents a clear need for decentralized alternatives, ensuring that critical components of AI—including computation, models, and data—aren’t solely controlled by centralized entities.

The Value Proposition of the Masa Bittensor Subnet

Since its inception in March 2023, Bittensor has built a substantial $10 billion AI ecosystem. Major institutional validators have collectively staked approximately 5.7 million TAO tokens, valued at around $1.8 billion. Bittensor’s infrastructure consists of a central network supported by specialized sub-networks, each addressing diverse aspects of AI. Its advanced economic model incentivizes the creation of high-value AI subnets, positioning Bittensor as a significant force in the decentralized AI landscape.

Masa empowers individuals worldwide to contribute data and computing resources without centralized governance, enabling developers to build with global data. The platform promotes fair, open, and unrestricted contributions of AI training data, computation, and bandwidth.

Reflecting the incentive model of Bittensor, Masa contributors—comprising validators and workers—receive rewards based on their value addition to the network. This setup employs game-theoretical strategies to optimize utility, successfully fostering growth and equitable development of Fair AI.

The Masa Bittensor Subnet offers both real-time and static data, including structured, annotated, and vectorized information from various crucial sources for AI development, such as social media platforms and news sites. This data is essential for constructing robust datasets and enriching AI systems with current contextual information. Continuous updates are managed by subnet workers who process and annotate data using advanced techniques and large language models, enhancing the output quality from dynamic data inputs. Developers have utilized Masa’s data for diverse applications, from trading signals to creating personalized AI companions.

Participants in the Masa and Bittensor communities can utilize low-power devices, such as laptops and servers, to run a Masa worker node from virtually anywhere, contributing computation and bandwidth.

$MASA Joins the Bittensor Subnet Ecosystem

Masa’s token, $MASA, is now the only active token associated with any subnet in the Bittensor ecosystem. Additionally, Masa Protocol validators and workers can gain dual-token staking rewards in both $MASA and TAO. The Masa Foundation will utilize TAO collected from subnet operations to support $MASA through buybacks or distributions as part of the emissions strategy.

Masa debuted as the first AI project on CoinList through a brief public sale in March 2024. Over the past two years, the network has grown to include over 1.6 million contributors and more than 100 developers, all engaged in earning by providing data. The collaborative efforts of contributors, developers, and validators are anticipated to enhance Bittensor’s overall performance and utility significantly.

Brendan Playford, Co-founder of Masa, reflected on the ecosystem, stating, “As an early crypto builder who participated in Ethereum’s ICO back in 2014, Bittensor reminds me of Ethereum circa 2017. While still in its nascent stages, it has the potential to eclipse Ethereum’s growth through the rapid expansion of Decentralized AI.”

Masa has raised $18 million, with backing from various investment firms and entities, including notable partnerships with established industry names.

Evan Malanga, Vice President of Strategy at DCG, commented, "The launch of Masa’s subnet exemplifies the rising momentum in decentralized AI. We are proud to support Masa as they promote decentralized AI initiatives, which resonate with our conviction in the power of decentralized technologies."

Masa is dedicated to creating Fair AI powered by the contributions of individuals worldwide.

Contact Information
PR Manager: Lauren Bukoskey
Organization: Serotonin
Email: [email protected]