VANA (Nirvana) is an EVM-compatible Layer 1 blockchain that focuses on turning human data into a new on-chain asset class. This allows individuals to securely own, govern, and monetize their data while breaking down centralized data silos to power better AI models and applications.
Key points about VANA:
* EVM-compatible: This means it can easily interact with existing Ethereum-based applications and smart contracts.
* Data Ownership: VANA empowers users to own and control their data, creating a more equitable digital landscape.
* AI and Data Monetization: By aggregating private datasets, VANA enables users to tokenize and monetize their data through Data Decentralized Autonomous Organizations (Data DAOs).
* Network Security: VANA's network is secured through a staking mechanism, where validators stake VANA tokens to ensure network reliability and stability.
VANA Token:
* Utility and Governance: VANA's native token, VANA, serves as both a utility token for transactions within the network and a governance token, allowing holders to participate in decision-making processes.
* Tokenomics: As of December 15, 2024, the maximum supply of VANA is 120 million tokens.
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