🎉 Vana has just secured $5.00M in its latest funding round! 🎉
🔹About: Vana is a pioneering initiative that transforms data into currency, pushing the boundaries of decentralized AI. As a layer one blockchain, Vana is designed for private, user-owned data, enabling users to collectively own, govern, and earn from AI models trained on their data. At its core, Vana functions as a data liquidity network, solving the double spend problem for data and ensuring it can be used like a financial asset. This is achieved through mechanisms like proof-of-contribution and non-custodial data, which verify the value of private data while preserving privacy. Vana democratizes AI development by creating a trustless environment where data can be securely tokenized, traded, and utilized for AI training without compromising user control. This paradigm shift introduces a new economic model where data contributors become active stakeholders in the AI value chain. By aligning incentives between data owners, developers, and consumers, Vana fosters a data-powered economy owned by its participants rather than centralized entities. The project aims to empower users to own their data and the value it generates, promoting a more equitable and decentralized digital landscape. 🚀🌐
🔹 Lead Investors: Coinbase Ventures, Polychain Capital, GSR, Paradigm, DeFiance Capital and many more.
🔹 Total Raised: $25.00M.
🔹 Project Category: SocialFi, AI, Layer-1.
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