Georgetown, Cayman Islands, December 16, 2024, Chainwire
Through the testnet part, greater than 1.3 million customers contributed greater than 6.5 million information factors to coach user-owned AI fashions. On mainnet, DataDAOs will leverage the $VANA token to allow customers to collectively personal, monetize and handle their private information to take part within the rising AI financial system.
MONDAY DECEMBER 16, 2024 — Vana, the pioneering user-owned information community, at this time introduced the launch of its mainnet and native token $VANA. This launch marks an necessary step in breaking down the information wall that limits AI growth whereas preserving privateness and giving customers a stake within the worth generated by their information.
Developed by Open Knowledge Labs – a San Francisco-based analysis and know-how firm born from the MIT Media Lab – the Vana community is an EVM-enabled blockchain that enables customers to retain possession and management of their private information whereas permitting this information for use for coaching AI fashions utilizing privacy-preserving applied sciences.
The mainnet launch follows Vana's profitable testnet part, throughout which greater than 1.3 million customers contributed greater than 6.5 million information factors to the DataDAOs, processing roughly 1.7 million of transactions every day. The testnet demonstrated that programmable possession of information shouldn’t be solely doable, however important at this stage of AI growth, says Anna Kazlauskas, CEO of Open Knowledge Labs and inventor of Vana:
“Immediately’s mainnet launch marks a elementary shift in how information is held and monetized within the AI period. Customers have at all times legally owned their information, however platforms have captured all of the financial worth – and most customers don't even understand that their information legally belongs to them. !
“Vana lays the muse for a brand new kind of information financial system, the place customers can profit from the AI fashions they assist create and builders can lastly entry the cross-platform datasets wanted to create AI actually highly effective. Property rights are the muse that has allowed fashionable economies to thrive – and in at this time's digital financial system, rights to programmable information are the muse of the following era of AI.
Key options of the Vana mainnet will embody:
- Trustless validation because of safe information entry and dependable execution nodes
- Granular permissions permitting customers full management over their information utilization
- On-chain information provenance monitor how the information offered is utilized
- Knowledge Liquidity Swimming pools (DLP) enabling the collective pooling, governance and monetization of information through DataDAOs
- Proof of contributionn mechanism making certain honest rewards for information high quality
- Staking $VANA to DataDAO through Knowledge Hub
Via the community's proof of contribution system, customers can earn cash by contributing their information to DataDAOs – receiving dataset-specific tokens that grant governance rights whereas sustaining management over how their information is used. These information tokens might be exchanged for $VANA, the community's native forex. Prime DataDAOs additionally obtain DataDAO Awards. Past information contributions, customers can earn further tokens by operating nodes, validating transactions, and staking on DataDAOs.
With a complete provide of 120 million tokens, $VANA will function the premise of the community's financial mannequin, permitting:
- Governance about community settings and information utilization
- Staking to safe the community and validate information contributions
- Incentive of high-quality information submissions by information contributors
- Income sharing AI mannequin growth and information utilization
DataDAOs constructed on Vana embody DNA DAO, which addresses privateness issues associated to genetic information possession, and an enlargement of the profitable Reddit Knowledge DAO, which has already demonstrated the potential of community-owned information swimming pools. Study extra about DataDAOs on Vana right here.
The mainnet launch comes at a vital time when AI growth faces a rising scarcity of information, as customers search higher management over their digital footprint. Vana's answer permits people to take part in and profit from the AI financial system whereas sustaining sovereignty over their information.
As AI hits an information wall and extra platforms monetize person information with out sharing any advantages with customers, customers need to have a stake in the way forward for AI. AI, says Artwork Abal, CEO of the Vana Basis:
“The present approach we purchase and promote personal information in Web2 is damaged. Our information is extracted and held for ransom by a number of platforms and information brokers. They’re those who determine the worth of our information and the know-how it creates. No extra. That is only the start of a future by which we are able to determine the worth of our information and determine what know-how it’s going to create. It’s the information revolution! »
Customers can begin staking $VANA on Knowledge Hub right here. For extra data, customers can go to www.vana.org, learn our supplies, comply with us on X, launch a brand new DataDAO.
Media Contact:
media@vanafoundation.org
About Vana
Vana is the primary decentralized community for user-owned information, paving the best way for information as a brand new digital asset class. The Vana Community consists of an EVM-enabled 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. The community permits customers to keep up management of their information whereas serving to to develop the AI financial system by pooling their information with others and incomes rewards for his or her contributions.
Media equipment | Vana Paperwork | X | Discord
Concerning the Vana Basis
The Vana Basis is a non-profit entity liable for making certain the sustainability and progress of the Vana ecosystem.
About Open Knowledge Labs
Open Knowledge Labs is an unbiased analysis firm targeted on know-how to speed up user-owned information. Open Knowledge Labs created the Vana Protocol and offers ongoing core growth providers to the Vana Basis.
ContactNick VivionVana Basismedia@vanafoundation.org
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