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Masa Launches AI Data Subnet on Bittensor, Introducing a New Dual-Token Reward Structure to Incentivize Contributors and Democratize AI Development

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2024-07-15 19:25:58375browse

Masa also becomes the first live token in the Bittensor Subnet Ecosystem, introducing a new dual-token reward structure to incentivize contributors and democratize AI development.

Masa Launches AI Data Subnet on Bittensor, Introducing a New Dual-Token Reward Structure to Incentivize Contributors and Democratize AI Development

Masa Launches AI Data Subnet on Bittensor, Unveiling New Dual-Token Reward Structure to Fuel DeAI

Masa also becomes the first live token in 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 by contributing data, today announced the launch of an AI Data Subnet on Bittensor, a protocol pioneering the decentralized production of artificial intelligence. Masa will integrate into Bittensor’s vast decentralized network to supercharge AI data aggregation, transformation, and access. Together, this unlocks a world of Fair AI powered by the people, where AI developers can build anything, anywhere with the world’s data.

The Masa Bittensor Subnet is now live on Bittensor Scan. Users can track Masa Subnet activity, including total Masa Subnet units, active Masa Subnet nodes, and Masa Subnet capacity, among other key metrics.

Masa is the first subnet to go live in the Bittensor Subnet Ecosystem. As a fully integrated Bittensor subnet, Masa will introduce a new dual-token reward structure to incentivize contributors and further Masa’s mission to democratize AI development.

Masa Subnet contributors will receive two types of rewards: Masa (MSA) tokens, the native token of the Masa network, and Bittensor (TAO) tokens, the native governance and utility token of the Bittensor protocol. This dual-token reward structure will encourage validators to participate in the Masa Subnet and support the growth of the decentralized AI ecosystem.

The AI sector of the crypto industry is projected to reach $10.2 billion in revenue by 2030, according to a research report from VanEck, while centralized AI has a projected market share value of $1.8 trillion by 2033. However, there is a clear demand for decentralized players, as the essential components of AI including compute, models, and data, should not be monopolized by centralized entities.

Masa’s decentralized AI network empowers a new generation of AI builders. It enables them to develop groundbreaking applications that were previously impossible to create within the limitations of centralized AI. Masa is building the infrastructure for a new AI عصر, where decentralized AI will change the world as we know it.

“We are thrilled to announce the launch of the Masa AI Data Subnet on Bittensor, a major milestone in our mission to democratize AI development,” said Masa CEO and Co-Founder Benji Meltzer. “This integration will enable us to supercharge AI data aggregation, transformation, and access, empowering a world of Fair AI powered by the people.”

“The launch of the Masa Subnet on Bittensor is a testament to the power of decentralized collaboration,” said Bittensor Co-Founder and CEO Patrick Barwise. “Masa’s dedication to democratizing AI aligns perfectly with our vision of a vibrant DeAI ecosystem, and we are excited to see how this partnership will contribute to the growth of decentralized AI.”

Masa institutional validators will include IOSG Ventures, HashKey, SNZ, Silicon Valley executives, and Web3 founders, among others. Masa validators will be responsible for maintaining the Masa Subnet on Bittensor and ensuring the integrity and security of the AI data subnet.

About Masa

Masa is a decentralized AI network where people earn by contributing data. Masa enables AI developers to build anything, anywhere with the world’s data. It facilitates the fair, open, and permissionless contribution of AI training data, compute, and bandwidth. Masa unleashes a new generation of AI builders and empowers them to develop groundbreaking applications that were previously impossible within the limitations of centralized AI. Masa is building the infrastructure for a new AI عصر, where decentralized AI will change the world as we know it.

To learn more about Masa, visit masa.finance and follow Masa on Twitter at @MasaNetwork.

About Bittensor

Bittensor is a decentralized protocol for the production of artificial intelligence. It unites a diverse ecosystem of AI builders, validators, and users in a collective effort to advance the frontiers of AI. Bittensor provides the infrastructure, governance, and economic incentives for the efficient and scalable creation of valuable AI applications. Its native governance and utility token, TAO, empowers the community to shape the protocol’s direction and ensures the alignment of incentives throughout the AI production process.

To learn more about Bittensor, visit bittensor.network and follow Bittensor on Twitter at @BittensorAI.

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