The encryption "AI craze" has not faded yet, and the Nobel Prize has also entered the "AI era". This year's Nobel Prize in Physics and Chemistry are both related to artificial intelligence.
A few days ago, a16z partner @venturetwins released a list of AI projects worth paying attention to. Among them, @withvana was mentioned. It is the only Web3 project mentioned and deserves our focus.
AI is becoming more and more popular. What is Vana? What’s the innovation? Let’s take a plate today. 🤔👇
Source: Biteye
01. What does Vana want to do?
The answer is, a platform that tokenizes and trades user data. Users can use data generated on platforms such as Google and Reddit to build a user-managed data market, thereby providing high-quality data for AI training and bringing benefits.
This narrative has also been mentioned in other AI projects. To summarize, it is to return data to users and oppose the monopoly of large Internet companies.
But if you look at it in detail, Vana still has quite different highlights:
Data trading: Users can put their data into the Data Liquidity Pool (DLP), and receive token rewards for each submission, similar to data mining.
Data DAO: Vana has established a data DAO. Users can not only upload and manage their own data, but also participate in decision-making and governance through this organization. This structure allows users to have a greater voice and control on the platform, rather than just being a provider of data.
In other words, the core of Vana is its "data liquidity network", which allows users' data to be tokenized and traded like financial assets.
Source: Biteye
02. Vana’s core technical concepts
"Building the best artificial intelligence model" is Vana's foothold, which is why it created a data flow pool (DLP) to collect the highest quality data, which is crucial to the project.
Vana implements the "Data Liquidity Network" through two mechanisms: Proof-of-contribution, which verifies the value of private data in a privacy-protecting manner. and non-custodial data, ensuring data is only used for approved operations.
Like a modern "data market", participating in the data liquidity pool on Vana is like being an early Ethereum miner. There are three main core technical concepts:
Data Liquidity Layer (DLP): This layer is responsible for centralizing data submitted by users into the Data Liquidity Pool (DLP). DLP is a smart contract that allows users to contribute, verify and record data. Just like a "data pool", users put their own data into it to form a large pool. The water (data) here is more valuable than individual drops (personal data) because it can be used to train artificial intelligence. Each data pool has its own rules for how the data is validated and used. After users contribute data, they can obtain rewards and management rights.
Source: Biteye
Data Portability Layer: This layer is a collaborative space that enables data contributors and developers to build applications using the data in the DLP. It provides the infrastructure for training user-owned models and developing AI applications. Through this layer, online communities and developers can create economic value from data, and data contributors can also benefit from the AI generated by their data.
Connection Group: The Connection Group is a decentralized ledger that instantly records data transactions in the Vana ecosystem. It ensures that every transaction is secure and valid, making them visible to outsiders. This ledger is compatible with other blockchain networks, allowing data to flow freely between different platforms.
Vana is based on these two layers and connection groups to provide users with a secure and decentralized data management platform.
Source: Biteye
03. How to implement data mining?
As mentioned earlier, in the data mobility network, users’ personal data can generate revenue. The specific implementation path is as follows:
First, it involves data capitalization. Vana converts user data into tradable assets through the Data Liquidity Pool (DLP). Each DLP is a smart contract that aggregates specific types of data. Users can receive corresponding token rewards after submitting data. This approach makes user data not just static information, but digital assets that can be circulated in the market.
Secondly, in order to ensure the quality of submitted data, the authenticity and quality of the data need to be verified through a set of standards, which involves the Proof of Contribution mechanism. Only high-quality data can be rewarded. This process will use multiple verifiers to jointly evaluate the data to ensure fair scoring and avoid bias.
In addition, non-managed data storage user data will not be uploaded directly to the chain, but will be saved in a location chosen by the user, such as Google Drive. Only the creator and his authorized account have access to this data. It's important that users always have control over their data.
Finally, to connect all the links, the incentive mechanism is inseparable. Therefore, Vana allows each DLP to issue its own tokens and encourages users to actively participate in data contributions. The top 16 DLPs will receive additional Vana token rewards, which further stimulates the formation and competition of high-quality data pools.
04. How do you interact currently?
Telegram applet to simulate mining simply
Vana has launched a mini program interactive activity on Telegram (https://t.me/VanaDataHeroBot), and earns points by completing tasks. The specific operations are as follows:
Within the specified time, click the ball in the middle. The more times you click, the more points will be added.
Social tasks, testnet tasks, inviting friends
Judging from the layout of the project team, "Telegram mining", which is the focus of the out-of-circle, is only a small part of the interaction. Ecological project interaction, test network node interaction, etc. are the future focus. Currently, the official website shows that the ecosystem partners include Reddit Data Dao, Flirtual, Kleo, etc. There are also some AI-related projects, and the gameplay is quite worth looking forward to.
Source: Biteye
Join DLP to contribute data
The current ranking of DLP is as shown below. As an ordinary user, you can choose to contribute data to DLP to earn points. Take the No. 1 DAO—Reddit Data Dao—as an example.
Source: Biteye
After registering a Reddit account, go to https://www.rdatadao.org/home and fill in your username. After verification, you will be rewarded with points if you leave a message or post on Reddit, which is linked to future token airdrops. There is no cost, you can try it if you have time.
Source: Biteye
05. Summary
In any case, AI is still a key track that cannot be ignored in this cycle.
The combination of AI and blockchain improves the intelligence of decentralized applications, meets data privacy and security needs, and provides users with a rate of return. Sexy narratives don’t lack capital, nor do they lack audiences.
In the first half of the competition, hot money is pouring in. In the second half, it depends on which project can be launched first.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
This article is reproduced with permission from: (Shenchao TechFlow)
Original author: Biteye core contributor Viee