Vana mainnet goes reside with $VANA to energy information as a brand new asset class in international AI financial system

Georgetown, Cayman Islands, December sixteenth, 2024, Chainwire

Through the testnet part, over 1.3m customers contributed greater than 6.5m information 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 information for a stake within the booming AI financial system.

MONDAY, DECEMBER 16 2024 — Vana, the pioneering community for user-owned information, right now introduced the launch of its mainnet and native $VANA token. The launch marks a big milestone in breaking by way of the information wall that’s limiting AI growth whereas preserving privateness and giving customers a stake within the worth their information generates.

Developed by Open Information Labs — a San Francisco-based analysis and expertise 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 information whereas permitting that information for use for AI mannequin coaching by way 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 information factors to DataDAOs, processing roughly 1.7 million transactions each day. The testnet demonstrated that programmable information possession is not only attainable, however important at this level in AI growth, says Anna Kazlauskas, CEO of Open Information Labs and inventor of Vana:

“Right this moment’s mainnet launch marks a basic shift in how information is owned and monetized within the AI period. Customers have all the time legally owned their information, however platforms have captured all of the financial worth — and most customers do not even understand their information is legally theirs!

“Vana lays the groundwork for a brand new sort of information 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 right now’s digital financial system, programmable information rights are the inspiration for the subsequent technology of AI.”

The important thing options of the Vana mainnet will embody:

• Trustless Validation by way of safe information ingress and trusted execution nodes
• Granular Permissioning permitting customers full management over their information utilization
• Onchain Information Provenance monitoring how contributed information is utilized
• Information Liquidity Swimming pools (DLPs) enabling collective information pooling, governance and monetization through DataDAOs
• Proof of Contribution mechanism making certain honest rewards for information high quality
• Staking $VANA to DataDAOs by way of Information Hub

With the community’s proof-of-contribution system, customers can earn by contributing their information to DataDAOs – receiving dataset-specific tokens that grant governance rights whereas sustaining management over how their information are used. These information tokens might be traded for $VANA, the community’s native forex. The highest DataDAOs additionally obtain DataDAO rewards. Past information contributions, customers can earn further tokens by working 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 information utilization
• Staking to safe the community and validate information contributions
• Incentivization of high-quality information submissions from information contributors
• Income Sharing from AI mannequin growth and information utilization

Among the many DataDAOs constructing on Vana are DNA DAO, addressing privateness considerations round genetic information possession, and an growth of the profitable Reddit Information DAO, which has already demonstrated the potential of community-owned information swimming pools. Learn extra about DataDAOs on Vana right here.

The mainnet launch comes at a vital time when AI growth faces rising information shortage, whereas 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 upside with customers, customers need to personal a stake in the way forward for AI, says Artwork Abal, CEO of Vana Basis:

“The present approach we purchase and promote non-public information in Web2 is damaged. Our information is extracted and held for ransom by just a few platforms and data-brokers. They determine how a lot our information is value, and the expertise it creates. No extra. That is just the start of a future the place we are able to determine our information’s value and determine what expertise it creates. That is the information revolution!”

Customers can begin staking $VANA on Information Hub right here. For extra info, customers can go to www.vana.org, learn our docs, observe 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, unlocking information as a brand new digital asset class. The Vana community consists of an EVM-compatible blockchain, safe private server atmosphere, and set of native contracts designed for the trustless and safe change of user-owned information through DataDAOs.The community empowers customers to keep up management over their information whereas collaborating within the rising AI financial system by pooling their information with others and incomes rewards for his or her contributions.

Media Package | Vana Docs | X | Discord

About Vana Basis

Vana Basis is a non-profit entity tasked with making certain the sustainability and progress of the Vana ecosystem.

About Open Information Labs

Open Information Labs is an unbiased analysis firm targeted on expertise to speed up user-owned information. Open Information Labs created the Vana protocol and supplies ongoing core developer companies to the Vana Basis.

ContactNick VivionVana Basismedia@vanafoundation.org

This text was initially printed on Chainwire