đ What is Vana? User-Owned AI Data Network
â ïžVana is a layer 1 blockchain designed for user-owned private data. The project aims to turn data into assets, driving the development of decentralized AI. Users can own, control, and profit from contributed artificial intelligence models. Developers can also access data across multiple platforms to run personalized applications and train advanced AI models.
đŻVana is EVM-compatible, designed for collective ownership of private datasets. The project leverages data to impact the future of AI, with built-in support through "Data DAOs" and rewards for 16 top liquidity pools.
âïžVana solves the double-spending problem, ensuring data is used as a financial asset in a flexible and structured way. The assurance is done through proof-of-contribution, which verifies value in a privacy-preserving way and ensures that data is only used for approved activities.
âŹïžVana has just successfully raised a total of $25 million in investment capital to advance its mission of creating user-owned artificial intelligence and overcoming data barriers. Funding details include $5 million from a strategic round from Coinbase Ventures, $18 million from a series A round with Paradigm, and $2 million from Polychain in the seed round.
âïžThe project launched a mini-app on Telegram, where participants can earn VANA points that can be converted into valuable rewards in the future.
