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Vana Mainnet Goes Live with $VANA to Power Data as a New Asset Class in Global AI Economy
- Vana, the blockchain-powered network for user-owned data, has launched its mainnet and native $VANA token, aiming to break through the data wall that is limiting AI development while preserving privacy and giving users a stake in the value their data generates.
- The brainchild of Open Data Labs, the Vana platform is an EVM-compatible blockchain that allows users to maintain ownership and control over their personal data while enabling its use for AI model training via privacy-preserving technologies.
- Users however, can earn by contributing their data to DataDAOs via its proof-of-contribution system.
- The top DataDAOs also earn DataDAO rewards, while users can earn more tokens by running nodes, validating transactions, and staking to DataDAOs.
- With a total supply of 120 million tokens, $VANA will introduce governance over network parameters and data usage, and incentivise high-quality data submissions from data contributors.
- The mainnet launch comes at a crucial time when AI development faces increasing data scarcity, while users seek greater control over their digital footprint. It will enable individuals to participate in and benefit from the AI economy while maintaining sovereignty over their data.
- Users can start staking $VANA on Data Hub. Among the DataDAOs building on Vana are DNA DAO, addressing privacy concerns around genetic data ownership, and an expansion of the successful Reddit Data DAO, which has already demonstrated the potential of community-owned data pools.
- Vana lays the groundwork for a new kind of data economy – one where developers can finally access the cross-platform datasets required to create truly powerful AI.
- The mainnet launch marks a fundamental shift in how data is owned and monetized in the AI era.
- Today's digital economy, programmable data rights are the foundation that will help unlock the next generation of AI.
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