According to TechFlow, Web3 startup Vana has announced the completion of a $5 million strategic financing led by Coinbase Ventures. So far, Vana’s cumulative financing has reached $25 million.
Vana aims to build a user-owned data pool network, solve the problem of insufficient AI model training data through blockchain technology, and provide 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.
Previously, Vana had received $18 million in Series A funding led by Paradigm.
