Georgetown, Cayman Islands, December 16, 2024, Chainwire
Through the community's testing section, greater than 1.3 million customers contributed greater than 6.5 million information factors to coach user-owned AI fashions. On the mainnet, DataDAO will use the $VANA token to permit customers to collectively personal, monetize and handle their private information to share within the booming AI financial system.
MONDAY DECEMBER 16, 2024 — Vana, the pioneering community for user-owned information, at this time introduced the launch of its mainnet and native token $VANA. The launch marks a big milestone in breaking the info wall that limits 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 know-how firm born out of the MIT Media Lab—Vana's 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 coaching synthetic intelligence fashions by way of privateness safety applied sciences.
The launch of the mainnet follows the profitable Vana testnet, the place greater than 1.3 million customers contributed greater than 6.5 million information factors to DataDAO and processed roughly 1.7 million transactions per day. Testnet has proven that proudly owning programmable information isn’t solely attainable, however important at this level in AI growth, he says Anna Kazlauskas, CEO of the corporate Open Information Labs and the inventor of the Tub:
“Right this moment's mainnet launch marks a elementary shift in the best way information is owned and monetized within the AI period. Customers have all the time owned their information legally, however platforms have captured all of the financial worth – and most customers don't even understand their information is legally theirs.” !
“Vana is laying the groundwork for a brand new form 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 create actually highly effective AI. Property rights have been the inspiration that has allowed trendy economies to flourish – and in at this time's digital financial system, rights to programmable information are the inspiration for the following technology of AI.”
Key options of the Vana community will embrace:
- Untrusted authentication by way of safe information entry and trusted execution nodes
- Granular permissions offers customers full management over their information utilization
- Onchain Information Provenance monitoring how the added information is utilized
- Information Liquidity Swimming pools (DLP) enabling collaborative information assortment, administration and monetization by way of DataDAO
- Proof of contributionn mechanism making certain honest rewards for information high quality
- Wager $VANA to DataDAO by way of Information Hub
Due to the community's proof-of-contribution system, customers can earn by contributing their information to DataDAO – receiving dataset-specific tokens that grant administration rights whereas sustaining management over how their information is used. These information tokens might be traded for $VANA, the house foreign money of the community. High DataDAOs additionally earn DataDAO rewards. Along with information contributions, customers can earn further tokens by working nodes, validating transactions, and staking on DataDAO.
With a complete provide of 120 million tokens, $VANA will function the inspiration for the community's financial mannequin, enabling:
- Governance by way of community parameters and information utilization
- Staking out to safe the community and confirm information contributions
- Incentives top quality information submitted by information contributors
- Income sharing from AI mannequin growth and information utilization
DataDAOs constructed on Vana embrace the DNA DAO, which addresses privateness considerations round possession of genetic information, and an extension of the profitable Reddit Information DAO, which has already demonstrated the potential of group information swimming pools. Learn extra about DataDAO on Vana right here.
The launch of the mainnet comes at an important time when AI growth is going through a rising lack of knowledge whereas customers search extra management over their digital footprint. Vana's resolution allows people to take part in and profit from the AI financial system whereas retaining sovereignty over their information.
As AI hits a knowledge wall and an increasing number of platforms monetize consumer information with out sharing any advantages with customers, customers should personal a stake in the way forward for AI, he says Artwork Abal, CEO of the Vana Basis:
“The present method we purchase and promote non-public information in Web2 is damaged. Our information is extracted and held for ransom by a number of platforms and information brokers. They resolve what our information is value and what applied sciences they create. Not. That is only the start of a future the place we will resolve the worth of our information and resolve what know-how it creates. That is the info revolution!”
Customers can begin staking $VANA on Information Hub right here. For extra info, customers can go to www.vana.org, learn our paperwork, comply with us on X, launch the brand new DataDAO.
Media contact:
media@vanafoundation.org
About Vana
Vana is the primary decentralized community for user-owned information that unlocks information as a brand new class of digital property. 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 change of user-owned information by way of DataDAO. The community permits customers to keep up management over their information whereas collaborating within the rising AI financial system by sharing their information with others and incomes rewards for his or her contributions.
Media Package | Tub Docs | X| Rivalry
About Vana Basis
The Vana Basis is a non-profit entity whose mission is to make sure the sustainability and development of the Vana ecosystem.
About Open Information Labs
Open Information Labs is an unbiased analysis firm centered on applied sciences to speed up user-owned information. Open Information Labs created the Vana protocol and offers ongoing core growth companies to the Vana Basis.
ContactNick VivionTub Basismedia@vanafoundation.org
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