According to Foresight News, The Block reported that data DAO startup Vana announced the completion of a $5 million strategic financing led by Coinbase Ventures. Vana's cumulative financing has reached $25 million. Vana aims to build a user-owned data pool network to solve the problem of insufficient AI model training data through blockchain technology, while providing Internet users with a way to earn income. Vana plans to establish a decentralized autonomous organization (DAO) network that allows members to pool data accumulated from social media platforms such as Reddit, LinkedIn or X, and sell these data sets to AI researchers.
In April 2024, Vana received $18 million in Series A funding led by Paradigm.
