Georgetown, Cayman Islands, December 16, 2024, Chainwire
Through the testnet section, over 1.3 million customers contributed over 6.5 million information factors to coach user-owned AI fashions. On mainnet, DataDAO will leverage the $VANA token to allow customers to collectively personal, monetize, and handle their private information to take part within the burgeoning AI economic system.
Monday, December 16, 2024 — Vana, the pioneering user-owned information community, right now introduced the launch of mainnet and native $VANA tokens. This announcement marks an essential milestone in breaking by way of the information partitions that restrict AI improvement whereas defending privateness and permitting customers to take part within the worth their information creates.
Developed by Open Information Labs, a San Francisco-based analysis and expertise firm born out of the MIT Media Lab, the Vana Community permits customers to take care of possession and management of their private information whereas giving them the liberty to make use of it. An EVM-compatible blockchain that permits you to handle. Used to coach AI fashions with privacy-preserving expertise.
The mainnet launch follows Vana's profitable testnet section by which over 1.3 million customers contributed over 6.5 million information factors to DataDAO and processed roughly 1.7 million transactions each day. Testnet demonstrated that programmable information possession just isn’t solely doable, however extraordinarily essential at this level in AI improvement. Anna Kazlauskas CEO open information lab and the inventor of Vana:
“Right now’s mainnet launch indicators a basic shift in how information is owned and monetized within the AI period. Customers have at all times legally owned their information, however platforms of financial worth, and most customers usually are not even conscious that their information is legally theirs!”
“Vana lays the muse for a brand new form of information economic system, the place customers can profit from the AI fashions they assist create and builders have entry to the cross-platform datasets they should construct really highly effective AI. Property rights are the muse that permits trendy economies to thrive, and in right now's digital economic system, programmable information rights are the muse of the subsequent technology of AI.”
Key options of Vana mainnet embrace:
- Trustless verification Through safe information enter and trusted execution nodes
- Granular permissions Give customers full management over their information utilization
- Supply of on-chain information Monitor how the information you present is utilized
- Information liquidity pool (DLP) Enabling collective information pooling, governance, and monetization through DataDAO
- proof of contributionMechanisms to make sure truthful compensation for information high quality
- $VANA Staking To DataDAO through information hub
The community's proof-of-contribution system permits customers to earn cash by contributing their information to DataDAO, receiving dataset-specific tokens that grant governance privileges whereas sustaining management over how their information is used. Masu. These information tokens might be exchanged for $VANA, the community's native foreign money. High DataDAOs additionally obtain DataDAO rewards. Apart from contributing information, customers can earn further tokens by operating nodes, validating transactions, and staking on DataDAO.
With a complete provide of 120 million tokens, $VANA serves as the muse of the community's financial mannequin, enabling:
- governance About community parameters and information utilization
- staking To guard our community and confirm information contributions
- incentive Variety of high-quality information submitted by information suppliers
- income sharing From AI mannequin improvement to information utilization
Among the many DataDAOs constructed on Vana are the DNA DAO, which addresses privateness issues round genetic information possession, and the Reddit Information DAO, which has already demonstrated success in demonstrating the potential of community-owned information swimming pools. There may be an extension of Study extra about Vana's DataDAO right here.
The mainnet launch comes at a crucial time as AI developments face growing information shortage, whereas customers search higher management over their digital footprints. Vana's options allow people to take part in and profit from the AI economic system whereas sustaining information sovereignty.
Customers have the suitable to personal a stake in AI's future, he says, as AI hits an information wall and extra platforms monetize consumer information with out sharing any advantages with customers. Artwork Abal, CEO of Vana Basis:
“The present manner private information is purchased and bought on Web2 is damaged. Our information is being extracted and held for ransom by a number of platforms and information brokers. They resolve what expertise it produces. No extra. That is only the start of an information revolution the place we are able to resolve the worth of our information and what expertise it produces. is!”
Customers can begin staking $VANA on Information Hub right here. For extra info, customers can go to www.vana.org, learn the documentation, observe us on X, and launch the brand new DataDAO.
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About Vana
Vana is the primary decentralized community for user-owned information, unlocking information as a brand new digital asset class. The Vana Community consists of an EVM-compatible blockchain, a safe private server atmosphere, and a set of native contracts designed for the trustless and safe alternate of user-owned information through DataDAO. This community permits customers to develop the AI economic system by sharing their information with others and incomes rewards for his or her contributions.
Media Equipment | Vana Paperwork | X | Discord
About Vana Basis
Vana Basis is a nonprofit group whose mission is to make sure the sustainability and development of the Vana ecosystem.
About Open Information Lab
Open Information Labs is an unbiased analysis firm targeted on expertise that accelerates user-owned information. Open Information Labs created the Vana protocol and offers ongoing core developer providers to the Vana Basis.
contactNick Vivionvana basis[email protected]
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