🚀 Vana Project Introduction 🚀
🌟 One, Project Background and Vision 🌟
Origin: 🎓 Vana originated from a research project at the Massachusetts Institute of Technology (MIT) in 2018, co-founded by entrepreneurs Anna Kazlauskas and Art Abal. 👩💻👨💻 They are committed to enabling users to own their data and the AI models they create. 🔑🧠
Vision: ✨ Vana's goal is to break the existing data economic model, allowing users to regain ownership and control of their own data, and to train AI models with data to gain direct benefits. 💰📈
🔧 Two, Technical Architecture and Core Components 🔧
Technical Architecture: 🔧 Vana is an EVM-compatible L1 blockchain network, its technical architecture includes Data Liquidity Pool (DLP), Proof of Contribution Mechanism, Nagoya Consensus, user self-hosted data, and decentralized application layer. 📊🔒
Core Components:
Data Liquidity Pool (DLP): 💦 It is the basic unit of the Vana network, used to aggregate specific types of data assets. Each DLP is a smart contract, and users can receive specific token rewards for submitting data to the DLP. 🎁📈 These tokens not only represent users' contributions to the data pool but also grant users governance rights over the DLP and rights to future profit distribution. 👩💼👨💼
Proof of Contribution Mechanism: 🔍 It is the key mechanism for Vana to ensure data quality. Each DLP can customize a unique proof of contribution function based on its own characteristics to verify the authenticity and integrity of data and assess the contribution of data to the performance improvement of AI models. 🔬📊
Nagoya Consensus: 🌍 It is the heart of the Vana network, drawing on and improving Bittensor's Yuma consensus. It collectively evaluates data quality through a group of validation nodes, using a weighted average to derive the final score, thereby ensuring decentralized quality assurance of data. 👥💬
🌱 Three, Ecosystem and Token Economy 🌱
Ecosystem: 🌱 The Vana ecosystem already has a number of mature data DAOs, such as Reddit Data DAO and Twitter Data DAO (Volara). Users can choose to submit data to different DAOs and receive rewards based on their contributions. 🎯💪
Token Economy: 💰 VANA is the native token of the Vana Network, powering its ecosystem and supporting secure, user-owned, decentralized data trading. 💎💸 The total supply of VANA tokens is 120 million, with a portion allocated to the community, ecosystem, core contributors, and investors. 🤝💼 Users can earn VANA tokens by participating in data contributions, governance voting, and other activities within the Vana network. 🎉💪
📈 Four, Development History and Financing Situation 📈
Development History: 🚀 Since its establishment, Vana has continuously promoted data democratization and the realization of user data rights. Its Telegram game Data Hero has been widely promoted on the X platform, while also exploring and improving its technical architecture and ecosystem. 🎮📱
Financing Situation: 💰 Vana has completed a total of $25 million in financing, including a $5 million strategic round led by Coinbase Ventures, an $18 million Series A round led by Paradigm, and a $2 million seed round led by Polychain. 💸💼 This financing provides strong support for Vana's development. 💪🚀
🌈 Five, Project Features and Advantages 🌈
Users Own Data Sovereignty: 👑 Vana allows users to own and manage the data and AI models they contribute, and to profit from them. 💡💰
Decentralized Data Trading: 🌐 Vana addresses the issue of traditional blockchains being unsuitable for handling private data by combining private data hosting with public ownership records, achieving decentralized data trading. 🔒💻
Flexible Incentive Mechanism: 🎁 Vana has launched various tokens, such as dataset-specific tokens and AI model-specific tokens, to incentivize users to participate in data contributions and AI model training. 🏆💪
Powerful Ecosystem: 🌱 The Vana ecosystem already has a number of mature data DAOs and partners, jointly promoting data democratization and the realization of user data rights. 🤝🌍
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