The Zilliqa blockchain is currently facing a critical situation that has caused a 50% drop in daily transactions. Developers are urgently investigating and working to resolve the technical glitch that has interrupted block production. As a precautionary measure, all deposits and withdrawals on the network have been halted. However, users are assured that their funds are safe and are advised to wait for updates on the network restoration.

Masa, a platform building a zero knowledge data network, has announced the launch of its zk-data network and marketplace. The platform will launch the gasless Avalanche subnet in the first quarter of 2024, providing a customizable blockchain network for personal data. The subnet will be powered by AvaCloud, a managed blockchain service that allows for the deployment of scalable decentralized networks. Masa has also secured a strategic investment from Avalanche’s Blizzard Fund, which will support its quest for further adoption across the Avalanche blockchain.

On the Masa platform, users are rewarded for their data, with the Zero-Knowledge Soulbound Token (zkSBT) serving as the personal data locker. This ensures that users’ digital footprints remain encrypted and private. The project has gained significant traction since its launch in August 2022, with over 800k users and over $7 million in investments.