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Georgetown, Cayman Islands, December sixteenth, 2024, Chainwire
In the course of the testnet section, 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 economic system.
MONDAY, DECEMBER 16 2024 — Vana, the pioneering community for user-owned knowledge, in the present day introduced the launch of its mainnet and native $VANA token. The launch marks a major 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 Knowledge 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 take care of 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 section, which noticed over 1.3 million customers contributing over 6.5m knowledge factors to DataDAOs, processing roughly 1.7 million transactions day by day. The testnet demonstrated that programmable knowledge possession is not only potential, however vital at this level in AI growth, says Anna Kazlauskas, CEO of Open Knowledge Labs and inventor of Vana:
“At the moment’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 understand their knowledge is legally theirs!
“Vana lays the groundwork for a brand new sort of knowledge economic 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 actually highly effective AI. Property rights had been the muse that enabled trendy economies to flourish – and in in the present day’s digital economic system, programmable knowledge rights are the muse for the subsequent era of AI.”
The important thing options of the Vana mainnet will embody:
Trustless Validation by means of safe knowledge ingress and trusted execution nodesGranular Permissioning permitting customers full management over their knowledge usageOnchain Knowledge Provenance monitoring how contributed knowledge is appliedData Liquidity Swimming pools (DLPs) enabling collective knowledge pooling, governance and monetization by way of DataDAOsProof of Contribution mechanism making certain honest rewards for knowledge qualityStaking $VANA to DataDAOs by means of Knowledge 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 might be traded for $VANA, the community’s native forex. 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 muse for the community’s financial mannequin, enabling:
Governance over community parameters and knowledge usageStaking to safe the community and validate knowledge contributionsIncentivization of high-quality knowledge submissions from knowledge contributorsRevenue Sharing from AI mannequin growth and knowledge utilization
Among the many DataDAOs constructing on Vana are DNA DAO, addressing privateness considerations 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 right here.
The mainnet launch comes at a vital time when AI growth faces growing knowledge shortage, whereas customers search higher management over their digital footprint. Vana’s answer allows people to take part in and profit from the AI economic system whereas sustaining sovereignty over their knowledge.
As AI hits an information wall and extra platforms monetize consumer knowledge with out sharing any upside with customers, customers should personal a stake in the way forward for AI, says Artwork Abal, CEO of Vana Basis:
“The present manner we purchase and promote personal knowledge in Web2 is damaged. Our knowledge is extracted and held for ransom by a number of platforms and data-brokers. They determine how a lot our knowledge is value, and the know-how it creates. No extra. That is only the start of a future the place we are able to determine our knowledge’s value and determine what know-how it creates. That is the info revolution!”
Customers can begin staking $VANA on Knowledge Hub right here. For extra data, customers can go to www.vana.org, learn our docs, comply with us on X, launch a brand new DataDAO.
Media Contact:
[email protected]
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 atmosphere, and set of native contracts designed for the trustless and safe change of user-owned knowledge by way of DataDAOs.The community empowers customers to take care of management over their knowledge whereas taking part within the rising AI economic system by pooling their knowledge 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 Knowledge Labs
Open Knowledge 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 providers to the Vana Basis.
Contact
Nick VivionVana Basis[email protected]
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