8 months ago
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The integration of Masa Network and LayerZero through a dedicated Avalanche Subnet will enable the former’s seamless communication with Ethereum and BSC chains.
Masa (MASA) network, a fast-growing global and decentralized personal data network, has announced a strategic integration with LayerZero (ZRO) network, an omnichain interoperability solution designed to securely send messages between different chains. According to the announcement, the Masa network will attain a secure interoperability connection with the Ethereum (ETH) and Binance Smart Chain (BSC) through a dedicated Avalanche (AVAX) Subnet.
In the near future, the Masa Network intends to expand its services to other popular chains – including Polygon (MATIC), Base, and Celo, among others – through LayerZero’s Omnichain Fungible Token (OFT) standard.
“Masa is thrilled to be integrating with LayerZero Labs, which has become the industry standard for interoperability. Masa wants to empower users to own, share, and earn from their data, no matter which blockchain network their data is on. With LayerZero’s support, we are excited to be cross-chain and interoperable from the very beginning,” Calenthia Mei, the Co-founder of the Masa network, noted.
Masa Network and LayerZero Forges Brighter Future for Web 3.0 and AI Development
The tangible growth of artificial intelligence (AI) through the Web 3.0 sector has opened a myriad of opportunities and challenges. On the top list is data privacy and mass AI training for different blockchains to reach global users. However, the Masa network enables web3 developers to private-by-default user data to train AI models, thus enabling them to build innovative applications.
“We are excited to collaborate with Masa to enhance privacy and innovation in AI development. The integration of LayerZero infrastructure with Masa’s ecosystem will enable accelerated development of personalized AI applications while ensuring user data remains private and secure,” Simon Baksys, VP of Business of Development at LayerZero ecosystem, noted.
Market Picture
According to the official Masa network website, it has accumulated more than 1.3 million unique wallets with more than 70 partners. Some of the leading partners include QuickSwap, Near Protocol, OKX, and Injective Protocol, among many others.
With Masa Network now integrated with LayerZero, the adoption of zero-knowledge data networking is imminent in the near term future. Moreover, the Masa network has various use cases including analytics and AI training models.
Meanwhile, the Masa network intends to launch its native token MASA alongside its mainnet by April 11, 2024. Through the MASA token, users can earn from their data without compromising on security. Moreover, the data is stored in a completely private way in a Zero-Knowledge Soulbound Tokens (zkSBTs) data locker on the Masa Network.
As for LayerZero, the integration with the Masa network adds to its growing number of interconnected chains, currently at more than 50. Backed by veteran investors – such as a16z, Sequoia, Paypal Ventures, Polygon, Coinbase Ventures, Binance Labs, DeFiance Capital, Spartan Group, Sino Global Capital, and Multicoin Capital – LayerZero is well positioned for further growth in the near future.
