Massa – from goverment grants to 5.8M$ raised from investors

andrei

Since 2018, Massa Labs has been working tirelessly on its new cutting edge technology and innovative approach to blockchain scaling. After being rewarded with grants from the French government they raised 5.8M$ from a private sale.

Massa: multithreaded graph of blocks

The vision of the proyect

A blockchain is a decentralized database stored by a community who control it together. It’s thus a challenge to build a blockchain at scale. At massa they solved the blockchain scaling problem with a multithreaded block graph which scales up performances massively. Second, they designed the Massa coin distribution to give full control to the community and keep the blockchain safe.

TECHNOLOGY

Massa uses a multithreaded block graph allowing nodes to create blocks in parallel and process 10’000 transactions per second. With this parallel block structure, Massa is the first blockchain technology to solve the trilemma: it’s scaled, decentralized and secure at the same time.

Blockclique architecture

Decentralized crypto-currencies based on the blockchain architecture under-utilize available network bandwidth, making them unable to scale to thousands of transactions per second. We define the Blockclique architecture, that addresses this limitation by sharding transactions in a block graph with a fixed number of threads. The architecture allows the creation of intrinsically compatible blocks in parallel, where each block references one previous block of each thread. The consistency of the Blockclique protocol is formally established in presence of attackers. An experimental evaluation of the architecture’s performance in large realistic networks demonstrates an efficient use of available bandwidth and a throughput of thousands of transactions per second.

Adrien Laversanne-Finot

Take a deep look at their Technical paper .

More then 4000 nodes on testnet

We can see on the official twitter account they reach 4000 nodes on the testnet episode 6.5

Massa`s Founders

Sébastien Forestier — CEO

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Sébastien Forestier

Born in 1991 in Marseille, he grew up in Aix-en-Provence. He first studied computer science at Ecole Normale Supérieure in Rennes, then cognitive science at ENS Paris. His huge interest in natural and artificial intelligence drove him to start a PhD at Inria in the Flowers team. There he did research on both how to improve the curiosity of robots using observations from human babies, and how to understand the mechanisms of curiosity-driven learning in infancy with the help of robotic experimentation. While working on these topics, Sébastien took a particular interest in blockchain technology which led him to develop the Blockclique technology. What first started as a side project is now powering the Massa blockchain.

Damir Vodenicarevic — CTO

Damir Vodenicarevic

Born in 1991, in Yugoslavia — in what is now Bosnia and Herzegovina –, Damir arrived in Marseille at the age of one. Growing up lacking resources, he resorted to gathering parts from scrap yards to build and repair: that’s what gave him the taste for computer science and electronics. Damir studied Mathematics and Physics one year with Sébastien — they did a project on simulated genetic algorithms together — before specializing in Theoretical Physics while keeping a strong interest for biology (Gold Medal at the IGEM contest in 2013 for a scientific research using genetically modified bacteria to depollute the Seine river). After specializing in theoretical and experimental nanoelectronics, Damir did a PhD on the use of Physics to accelerate Machine Learning. He later worked for one of the leading fintech companies in the payments industry before joining the Massa project.

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Adrien Laversanne-Finot — COO

Adrien Laversanne-Finot

Adrien, born in Paris, studied theoretical physics and mathematics in École Polytechnique before doing a PhD in theoretical Quantum Physics. During his PhD he developed a particular interest for machine learning, and naturally went ahead with a postdoc in this field, at Inria in the Flowers team. This is where he met Sébastien, working together as part of the same team, trying to understand what makes humans such good learners in order to design more efficient learning algorithms for robots. Adrien, as Sébastien, had the chance to observe the emergence of blockchain technology. Enthusiastic about Sebastien’s solution to the scalability trilema he decided to join the Massa project and to bring in his scientific skills.

Notable backers

While deploying the first versions of its testnet, Massa has been closing deals with 100 token buyers from 18 countries, raising €5M ($5.8M), with a small ticket cap. This round is, to our knowledge, the most distributed of all L1 private rounds. The tokenomics effectively avoid the early emergence of whales and power grabs. We are proud of this whale-free, well-distributed round, which is in line with our vision of a truly decentralized blockchain.

Many notable investors from the crypto and blockchain ecosystem contributed to this round. Among them are BlueYard, Acecap, Numeus, Ariane Capital.

Strengthened by the trust from its supporters, the Massa team is now working relentlessly towards the delivery of the first version of its smart contract engine. In the meantime, the testnet Episode 4 was launched with success and Episode 3 closed with a record of more than 3000 nodes running simultaneously.

List of notable backers:

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