MASA, the first token of the data subnet in the MASA, Bittensor ecosystem.
By Frank, Foresight News
After TAO, who will be the next Alpha in the DeAI race?
In this first year of the Web3+AI narrative, Bittensor (TAO), the leading player in the AI race, backed by top-tier investment institutions such as Polychain and DCG, has reached a small climax in the DeAI field after landing on Binance. This has triggered a series of concept token surges.
Although the market has been fluctuating, the AI narrative is still advancing rapidly. VanEck predicts that the AI market share may reach $18 trillion by 2030. This means that the demand for DeAI will continue to expand. If we can provide equal opportunities for everyone to participate in the AI era through a Web3-based collaborative sharing architecture, allowing everyone to share the dividends of the AI era, it will undoubtedly be the biggest opportunity in the next wave of “AI & Web3” trend, and the potential scale may even exceed that of Bitcoin.
The Bittensor narrative is far from over, and the ecosystem has just begun. So, who will be the first Alpha in this ecosystem? Just yesterday, Masa, as the first AI project publicly sold on CoinList in 2024, announced the launch of an AI data subnet based on LLM on Bittensor, becoming the first data subnet in the Bittensor ecosystem with a token. MASA has become the only investable “new coin” in the Bittensor ecosystem after TAO.
In the context of the volatile market, will the launch of the Masa Bittensor subnet become a catalyst for a new round of “AI & Web3” trend? Can Masa (MASA) become the breakout point for the overflow of funds and developer resources in the Bittensor ecosystem?
Masa: The first tokenized data subnet in the Bittensor ecosystem
To some extent, the Bittensor ecosystem and the “AI & Web3” narrative are closely related. Since the start of this round of the AI super narrative, the Web3 game of the three elements of AI, namely, computing power, algorithms, and data, has quickly heated up. A group of leading players has emerged in different subfields. Among them, Bittensor has played the role of the “elephant in the room” in the DeAI field.
Since its launch in March 2023, Bittensor has built a $10 billion global AI ecosystem. Institutional validators, including DCG subsidiary Foundry and Polychain, have pledged a total of 5.7 million TAO tokens (approximately $1.8 billion), completely opening up the valuation ceiling of the DeAI narrative.
What is more crucial is that because Bittensor operates through a central network composed of smaller, specialized subnets, each subnet is dedicated to different areas of AI and incentivizes the production of high-value AI subnets through its complex TAO economic model. Therefore, as the “first-generation Alpha” project in the DeAI field, it has been constantly inspiring innovation in the DeAI field.
In May, Bittensor also announced that it would add four subnet slots every week until reaching a new limit of 64 slots. The goal for this year is to expand to 1024 subnets. Because of this continuous expansion, the Bittensor subnet ecosystem has become a unified underlying innovative platform for high-quality projects and resources in the DeAI field, covering multiple areas such as content generation, data collection and processing, LLM ecosystem, decentralized infrastructure, DeFi, and other applications.
From this perspective, the launch of the Masa AI data subnet based on LLM on Bittensor undoubtedly provides a clever move to reach global DeAI resources and projects on a wider scale. The Masa Bittensor subnet will use Bittensor’s P2P machine intelligence network to accelerate the aggregation, transformation, and acquisition of AI data, enabling AI developers to build anything using global data from anywhere in the world.
Therefore, this collaboration is essentially a ticket for Masa, which greatly empowers its own ecosystem and may even build the most active and efficient Bittensor subnet within the Bittensor ecosystem, becoming the “new generation Alpha” that takes over from Bittensor.
After all, the subnet currently provides real-time and static, structured, annotated, and vectorized data from various data sources, including X, Discord, recorded voice data (such as podcasts, YouTube, TikTok), restricted network data (such as The New York Times), and public network data (such as Google search). AI developers have used them for various use cases, such as capturing trading signals and building highly personalized AI companions.
Through the integration with Bittensor, Masa gains stronger technical support and resource advantages, further expanding the functionality and application scenarios of its data subnet, providing users with better and richer services and experiences. It also helps attract hundreds of mature developers within the Bittensor ecosystem to join and strengthen Masa’s developer community, promoting the limitless innovation and evolution of its ecosystem.
Of course, these benefits are mutual. In the past two years, the Masa network has developed over 1.6 million contributors and over 100 developers. Different participants have earned profits by contributing data. It is expected that these Masa contributors, developers, and validators will significantly enhance the performance and utility of the Bittensor network.
What’s more interesting is that before this, apart from TAO, there were no other subnet projects with tokens in the wider Bittensor ecosystem. This means that the tradable targets for the funds accumulated in Bittensor were very limited. With the launch of the Masa Bittensor mainnet, MASA has become the first token of a Bittensor subnet project, providing a new choice for the billions of dollars of accumulated funds in the Bittensor ecosystem.
At the same time, Masa has introduced the first dual token incentive model in the Bittensor ecosystem, allowing validators and worker nodes of the Masa protocol and Masa Bittensor subnet to receive dual token staking rewards in MASA and TAO. The TAO tokens obtained from the subnet operation by the Masa Foundation will be used to support MASA through repurchases or distributions as part of the emission plan.
In summary, if we summarize the core logic behind the collaboration between Masa and Bittensor, TAO is the first AI project in the AI race to be listed on Binance this year, and MASA is the leading project with a token in the Bittensor subnet ecosystem.
“Long-termism”: Masa’s perseverance
If Bittensor is the leading player in the DeAI race, then Masa is, in a sense, a rising star with great momentum and promising prospects.
It is worth noting that the core team of Masa itself embodies the dual attributes of “technology + market” in its architecture. Take its two co-founders as examples:
Brendan Playford, co-founder of Masa, is a Web3 serial entrepreneur and a veteran in the blockchain technology field. He has been involved in Bitcoin mining since 2013 and completed the ICO financing of the DAG encryption project in 2017, which raised $17 million.
Calanthia Mei, another co-founder of Masa, has held positions such as a top-tier investor in the overseas technology circle and a former executive of Silicon Valley unicorns. In 2017, she co-founded the strategic investment department of the world’s largest payment company, PayPal, and assisted in deploying over $300 million globally. In 2020, she joined a Silicon Valley star technology project as a founding team member and executive, successfully raising $100 million and later selling it to a publicly traded company in the United States.
This is also an exclusive competitive advantage that is difficult for other projects in the same field to replicate. Therefore, although Masa is a newcomer, it has strong momentum and a promising future.
After being listed on Binance, the performance of the AI field has been overall sluggish. However, Masa, as a star player in the DeAI field, has achieved a remarkable combination of both market and cooperation aspects, as well as product and technological dimensions, demonstrating a long-term team approach.
Firstly, in terms of the market, Masa has become almost the top player in the DeAI field in the first half of the year. Through continuous actions and collaborations, Masa has attracted investors’ attention to DeAI projects. On March 7th, Masa launched on CoinList and became the first AI project to start a community token sale in 2024. It was sold out in 17 minutes and oversubscribed by more than 6.4 times, setting a new record. On April 11th, Masa simultaneously listed on exchanges such as Bybit, HTX, KuCoin, Gate.io, CoinList, Pancakeswap, and Uniswap, with a 24-hour trading volume exceeding $100 million.
Secondly, in terms of project progress and product releases, Masa has steadily advanced by launching the Masa AI data market and a decentralized AI developer ecosystem. They have also announced partnerships with 13 developer teams, demonstrating their commitment to building a collaborative ecosystem that supports Fair AI development.
Furthermore, collaboration within the broader DeAI ecosystem serves as a touchstone to test the project’s influence and potential for development. In this regard, Masa has deepened its cooperation with several star projects in the past three months, including AlloraBase, SpectralTelle, Theoriq, Sleepless AI, and GT Protocol, in addition to further collaborations with CoinList to launch new MASA staking plans.
As a leading player in the DeAI field, Masa has actively participated in a series of Web3 & AI events, including technical seminars, group discussions, and dialogues during the ETHCC conference in Brussels. They have engaged with builders to discuss the new changes and advancements in the AI race track, as well as envision the potential path of Web3 and AI integration in 2024.
Considering all these efforts, if we say that “2024 DeAI is like 2020 DeFi,” then the current cold market environment may be a good opportunity to focus on comprehensive market and technological preparations for the influx of new funds, users, and use cases in the future.
Although the development trend of the AI field is still uncertain, once there is a trend of recovery in the second half of the year, Masa’s sustained early layout will immediately translate into a unique competitive advantage. This advantage encompasses multiple aspects such as technology development, ecosystem collaboration, and market expansion, accumulating rich technological reserves and collaborative resources.
If we look at it from a macro perspective, the timing of Masa’s release of the Bittensor subnet is just right. The series of efforts mentioned earlier have accumulated and strengthened Masa’s advantages in the DeAI competition over the past few months. It is like an athlete who is about to step onto the field, with the strength to win the championship after long periods of hard training and thorough preparation, standing at the final hurdle, only needing that last push.
The launch of the Masa Bittensor subnet may be the tipping point that brings in a massive influx of funds, developer resources, and new innovative application scenarios into the Masa ecosystem, triggering a chain reaction.
If TAO is the cornerstone and Beta of the “Web3+AI” race track, then Masa is the first Alpha in this vast ecosystem. In other words, with the release of the Bittensor subnet, Masa has established a two-way channel for the flow of funds and developer resources between Masa and the Bittensor ecosystem.
Firstly, Masa’s DeAI data services will further reach DeAI applications and developers worldwide, leading to more projects establishing partnerships with Masa. This will continuously improve and strengthen Masa’s end-use scenarios, bringing new business growth opportunities and value creation channels.
Secondly, the existing developer resources of Bittensor can directly enter the Masa ecosystem to innovate various use cases based on the DeAI architecture, enhancing the boundless innovation within the Masa ecosystem. For example, Masa allows developers to automate the handling of audio data from any podcast and efficiently process text information for training AI agents in fields such as health and wellness. Masa also allows developers to gather product feedback and community sentiment based on conversation messages and user interaction data extracted from Discord servers, providing meaningful product feedback.
In summary, the two-way coupling of Bittensor and Masa ecosystem resources can help more DeAI applications take root and even more users to join the DeAI and Web3 ecosystems through the expanded use cases of Masa and Bittensor, achieving the goal of mass adoption.
The traffic dividends brought by this “1+1>2” effect should not be underestimated. It will not only benefit the Masa ecosystem but also lead to significant user growth and scenario innovation for the Bittensor platform. More users and richer use cases mean tremendous traffic advantages. This will not only further enhance the market demand and recognition of TAO/MASA tokens but also create more business opportunities for Masa.
The prosperity of the ecosystem will inevitably lead to a significant increase in token value. As the first real-time token in the Bittensor subnet ecosystem, the MASA token, through the MASA/wTAO trading pair on Uniswap, not only expands liquidity trading channels but also becomes the only alternative target, after TAO, for the billions of dollars of funds in the broader Bittensor ecosystem. This provides MASA with ample appreciation potential.
In conclusion, true turning points often emerge silently, especially in the narrative of technologies like DeAI, where individual local perceptions and overall trends often have significant discrepancies. Therefore, who will be the next Alpha in DeAI? When will they arrive? We do not know, but from the forefront to the background, from TAO to MASA, from the ballast-like Beta to the new Alpha, the broader Bittensor ecosystem always occupies an absolute dominant position in the “AI+Web3” narrative.
At present, especially with the launch of the Masa Bittensor subnet, Masa has demonstrated the potential to become the “new generation Alpha” following Bittensor (TAO). Let us wait and see.
Tags:
AI
DeAI
Masa
Binance
Fundraising
Source link:
https://foresightnews.pro/article/detail/64082
Note: The translation represents the author’s viewpoint and does not constitute investment advice.
Original article link:
https://www.bitpush.news/articles/6921392
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