December 16, 2024 – Georgetown, Cayman Islands
Through the testnet section, over 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 govern their private information for a stake within the booming AI economic system.
Vana, the pioneering community for user-owned information, at this time 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 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 allows customers to take care of possession and management over their private information whereas permitting that information 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 6.5 million information factors to DataDAOs, processing roughly 1.7 million transactions every day.
The testnet demonstrated that programmable information possession is not only attainable however important at this level in AI growth, in line with Anna Kazlauskas, CEO of Open Information Labs and inventor of Vana.
Kazlauskas mentioned,
“Right this moment’s mainnet launch marks 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 have captured all of the financial worth and most customers don’t even notice their information is legally theirs.
“Vana lays the groundwork for a brand new type of information 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 really highly effective AI.
“Property rights had been the inspiration that enabled fashionable economies to flourish and in at this time’s digital economic system, programmable information rights are the inspiration for the following era of AI.”
The important thing options of the Vana mainnet will embody the next.
- Trustless validation by means 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
- DLPs (information liquidity swimming pools) enabling collective information pooling, governance and monetization by way of DataDAOs
- Proof-of-contribution mechanism guaranteeing truthful rewards for information high quality
- Staking VANA to DataDAOs by means 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 foreign money. 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 the next.
- 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 an important time when AI growth faces rising information 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 information.
As AI hits a knowledge wall and extra platforms monetize consumer information with out sharing any upside with customers, customers need to personal a stake in the way forward for AI.
Artwork Abal, CEO of Vana Basis, mentioned,
“The present approach we purchase and promote non-public information in Net 2.0 is damaged. Our information is extracted and held for ransom by a number of platforms and data-brokers.
“They resolve how a lot our information is price, and the expertise it creates. No extra.
“That is only the start of a future the place we are able to resolve our information’s price and resolve what expertise it creates. That is the info revolution.”
Customers can begin staking VANA on Information Hub right here.
For extra info, customers can go to the web site, learn our documentation, comply with us on X or launch a brand new DataDAO.
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 surroundings and set of native contracts designed for the trustless and safe change of user-owned information by way of DataDAOs.
The community empowers customers to take care of management over their information whereas collaborating within the rising AI economic system by pooling their information with others and incomes rewards for his or her contributions.
Media equipment | Vana docs | X | Discord
About Vana Basis
Vana Basis is a non-profit entity tasked with guaranteeing the sustainability and development of the Vana ecosystem.
About Open Information Labs
Open Information Labs is an unbiased analysis firm centered on expertise to speed up user-owned information.
Open Information Labs created the Vana protocol and offers ongoing core developer providers to the Vana Basis.
Contact
Nick Vivion, Vana Basis
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