Monday, December 16, 2024 ——As a pioneer network where users own data,Old Announced the official launch of the mainnet and its native token $VANA. This release marks an important step in breaking through the “data barriers” in AI development, while ensuring privacy while allowing users to participate in the economic value brought by data.
Vana is developed by San Francisco-based Open Data Labs Developed by the MIT Media Lab. Vana Network is an EVM-compatible blockchain. Users can not only maintain ownership and control of data, but also use this data for AI model training through privacy protection technology.
During the testnet phase, more than 1.3 million users contributed 6.5 million data points to DataDAO, processing approximately 1.7 million transactions every day.Founder and CEO of Vana Open Data Labs CEOAnna Kazlauskas Said that the testnet proved that programmable data ownership is crucial to the development of AI:
“Today’s mainnet launch represents a fundamental change in data ownership and monetization in the AI era. Although users legally own their data, the platform captures all the economic value – most users are not even aware of their The data belongs to you!”
“Vana lays the foundation for a new data economy—one where users benefit from the AI models they help create, and developers gain access to the cross-platform data they need to build powerful AI. Just as property rights drive prosperity in the modern economy, In the digital economy, data rights will drive the development of the next generation of AI.”
The core functions of Vana mainnet include:
1. Secure nodes and trustless verification to ensure the credibility of data input2. Detailed permission management of users’ use of data3. Traceability of data on the chain to ensure transparency in data use4. Data Liquidity Pool (DLP), which realizes collective management and revenue distribution of data through DataDAO5. Contribution proof mechanism to ensure fair returns for high-quality data contributions6. pass Data Hub Stake $VANA to DataDAO
Through the proof-of-contribution system, users can earn money by providing data to DataDAO, receiving tokens for specific data sets, which grant governance rights and maintain control over the use of data. These tokens can be redeemed for $VANA, while top DataDAOs will also receiveExtra bonus. In addition to data contributions, users can earn more tokens by running nodes, validating transactions, and staking.
$VANA has a total supply of 120 million and will provide support for the network’s economic model, including:
1. Governance of network parameters and data usage2. Stake $VANA to secure the network and verify data contributions3. Incentivize high-quality data submission4. Revenue sharing from AI model development and data usage
Some DataDAO projects on Vana include DNA DAO, which primarily addresses genetic data privacy issues, and an extension of Reddit Data DAO, which has demonstrated the potential of community-owned data pools.hereLearn more about DataDAO on Vana.
The launch of the mainnet comes at a time when AI development is facing a data shortage, and users also want to have more control over their digital footprints. Vana’s solutions not only allow individuals to benefit in the AI economy, but also maintain ownership of their data.
As AI encounters data bottlenecks and more and more platforms monetize user data without sharing any benefits with users, users should have a stake in the future of AI.Art Abal, CEO of Vana Foundation express:
“In the Web2 era, the way private data is bought and sold no longer makes sense. A handful of platforms and data intermediaries extract user data and monopolize its value. They determine the price of the data and the resulting technology. The future will be different – we will decide own data value and participate in the technology it creates. This is a data revolution!
Users can Data Hub Stake $VANA. For more information please visit www.vana.orgread ourdocument,exist X Follow us on to post a new DataDAO。
Media Contact:
media@vanafoundation.org
About Vana
Old is the first decentralized network where users own data, unlocking data as a new digital asset class. The Vana network consists of an EVM-compatible blockchain, a secure personal server environment, and a set of native contracts designed for the trustless and secure exchange of user-owned data via datadao. The network enables users to maintain control of their data while sharing it with others and receiving rewards, while participating in the growing AI economy.
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About Vana Foundation
Vana Foundationis a non-profit entity whose core mission is to ensure the sustainability and growth of the Vana ecosystem.
About Open Data Labs
Open Data Labs is an independent research company focused on accelerating technologies for user-owned data. Open Data Labs created the Vana protocol and provides ongoing core developer services to the Vana Foundation.
Contact information
Nick Vivion
Vana Foundation
media@vanafoundation.org
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