Georgetown, Cayman Islands, December sixteenth, 2024, Chainwire
Through the testnet part, over 1.3m customers contributed greater than 6.5m knowledge factors to coach user-owned AI fashions. On mainnet, DataDAOs will leverage the $VANA token to allow customers to collectively personal, monetize and govern their private knowledge for a stake within the booming AI financial system.
MONDAY, DECEMBER 16 2024 — Vana, the pioneering community for user-owned knowledge, at the moment introduced the launch of its mainnet and native $VANA token. The launch marks a big milestone in breaking by means of the info wall that’s limiting AI growth whereas preserving privateness and giving customers a stake within the worth their knowledge generates.
Developed by Open Data Labs — a San Francisco-based analysis and know-how firm born out of the MIT Media Lab — the Vana community is an EVM-compatible blockchain that permits customers to keep up possession and management over their private knowledge whereas permitting that knowledge for use for AI mannequin coaching by means of privacy-preserving applied sciences.
The mainnet launch follows Vana’s profitable testnet part, which noticed over 1.3 million customers contributing over 6.5m knowledge factors to DataDAOs, processing roughly 1.7 million transactions each day. The testnet demonstrated that programmable knowledge possession is not only doable, however important at this level in AI growth, says Anna Kazlauskas, CEO of Open Data Labs and inventor of Vana:
“At this time’s mainnet launch marks a basic shift in how knowledge is owned and monetized within the AI period. Customers have all the time legally owned their knowledge, however platforms have captured all of the financial worth — and most customers don’t even notice their knowledge is legally theirs!
“Vana lays the groundwork for a brand new type of knowledge financial system – one the place customers can profit from the AI fashions they assist create, and the place builders can lastly entry the cross-platform datasets wanted to construct really highly effective AI. Property rights have been the inspiration that enabled trendy economies to flourish – and in at the moment’s digital financial system, programmable knowledge rights are the inspiration for the following technology of AI.”
The important thing options of the Vana mainnet will embrace:
- Trustless Validation by means of safe knowledge ingress and trusted execution nodes
- Granular Permissioning permitting customers full management over their knowledge utilization
- Onchain Knowledge Provenance monitoring how contributed knowledge is utilized
- Knowledge Liquidity Swimming pools (DLPs) enabling collective knowledge pooling, governance and monetization through DataDAOs
- Proof of Contribution mechanism making certain honest rewards for knowledge high quality
- Staking $VANA to DataDAOs by means of Data Hub
With the community’s proof-of-contribution system, customers can earn by contributing their knowledge to DataDAOs – receiving dataset-specific tokens that grant governance rights whereas sustaining management over how their knowledge are used. These knowledge tokens will be traded for $VANA, the community’s native foreign money. The highest DataDAOs additionally obtain DataDAO rewards. Past knowledge contributions, customers can earn further tokens by operating nodes, validating transactions, and staking to DataDAOs.
With a complete provide of 120 million tokens, $VANA will function the inspiration for the community’s financial mannequin, enabling:
- Governance over community parameters and knowledge utilization
- Staking to safe the community and validate knowledge contributions
- Incentivization of high-quality knowledge submissions from knowledge contributors
- Income Sharing from AI mannequin growth and knowledge utilization
Among the many DataDAOs constructing on Vana are DNA DAO, addressing privateness issues round genetic knowledge possession, and an growth of the profitable Reddit Knowledge DAO, which has already demonstrated the potential of community-owned knowledge swimming pools. Learn extra about DataDAOs on Vana here.
The mainnet launch comes at a vital time when AI growth faces growing knowledge shortage, whereas customers search larger management over their digital footprint. Vana’s resolution allows people to take part in and profit from the AI financial system whereas sustaining sovereignty over their knowledge.
As AI hits a knowledge wall and extra platforms monetize person knowledge with out sharing any upside with customers, customers need to personal a stake in the way forward for AI, says Artwork Abal, CEO of Vana Basis:
“The present means we purchase and promote personal knowledge in Web2 is damaged. Our knowledge is extracted and held for ransom by a couple of platforms and data-brokers. They resolve how a lot our knowledge is price, and the know-how it creates. No extra. That is only the start of a future the place we will resolve our knowledge’s price and resolve what know-how it creates. That is the info revolution!”
Customers can begin staking $VANA on Knowledge Hub here. For extra info, customers can go to www.vana.org, read our docs, follow us on X, launch a new DataDAO.
Media Contact:
media@vanafoundation.org
About Vana
Vana is the primary decentralized community for user-owned knowledge, unlocking knowledge as a brand new digital asset class. The Vana community consists of an EVM-compatible blockchain, safe private server setting, and set of native contracts designed for the trustless and safe change of user-owned knowledge through DataDAOs.The community empowers customers to keep up management over their knowledge whereas taking part within the rising AI financial system by pooling their knowledge with others and incomes rewards for his or her contributions.
Media Kit | Vana Docs | X | Discord
About Vana Basis
Vana Foundation is a non-profit entity tasked with making certain the sustainability and development of the Vana ecosystem.
About Open Knowledge Labs
Open Data Labs is an impartial analysis firm centered on know-how to speed up user-owned knowledge. Open Knowledge Labs created the Vana protocol and offers ongoing core developer companies to the Vana Basis.
Contact
Nick Vivion
Vana Basis
media@vanafoundation.org
Vana mainnet goes live with $VANA to power data as a new asset class in global AI economy
