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Latest News on Vana
According to official news, YZi Labs has invested in the crypto AI startup Vana, with CZ joining as an advisor.
Introduction to Vana
Vana is a fully EVM-compatible L1 blockchain and the first network designed specifically for user-owned private data. Vana transforms data into a new, valuable asset class by providing data liquidity (DLP). Users can gain governance rights and earn potential financial returns while ensuring data security and privacy. Verified data is tokenized to support AI model development and various decentralized applications, reshaping the way AI systems are built.
Vana's Team Background and Financing
The Vana protocol was created by Open Data Labs, a research company based in San Francisco and born out of the MIT Media Lab. With the establishment of the Vana Foundation, the future sustainability of the Vana ecosystem will be ensured.
Vana has completed three rounds of financing, raising a total of $25 million:
A $2 million seed round led by Polychain in 2022;
An $18 million Series A round led by Paradigm in 2022;
A $5 million strategic round led by Coinbase Ventures in 2024.
Other investors include Casey Caruso, Packy McCormick, Manifold, GSR, Will Price, Jez, SCB 10X, Defiance Capital, Contango, Auros Ventures, MH Ventures, BoxGroup, and Will Manidis. Vana plans to accelerate project development and the construction of a decentralized AI ecosystem with this funding.
Core Advantages of Vana
User Data Sovereignty: Users have complete control over their data, setting their own rules and profiting from it—a significant advantage in the current big data and AI era.
Data Trading: Vana is building the largest and most powerful AI dataset, collecting data 1,500 times larger than GPT-3. Users can place their data into Data Liquidity Pools (DLPs) to earn token rewards.
Data DAOs: Vana already has 1.3 million users and 300 Data DAOs, processing 1.7 million transactions daily. These include Data DAOs for Reddit, Twitter, and LinkedIn. Users can upload, manage, and collectively govern their data while ensuring privacy and participating in data commercialization.
Blockchain Technology: Vana's underlying blockchain technology ensures transparency and security in data transactions, keeping data in users' hands and protecting privacy. Data is rented to companies for AI training, generating income for users and reducing reliance on centralized platforms.
AI-Driven Identity Creation: Using advanced AI algorithms, Vana allows users to upload personal data such as photos and audio clips to create highly anthropomorphic virtual identities that can mimic users' voices, expressions, and behaviors, providing a "digital twin" in the virtual world.
Vana's Token Economics
On December 12, 2024, Vana released its VANA token economics. The total supply of VANA tokens is 120 million, with 44% allocated to the community (unlocking over 36 months), 22.9% to the ecosystem (unlocking over 48 months), 18.8% to core contributors (partial unlock after 1 year + full unlock over 4 years), and 14.2% to investors (partial unlock after 1 year + full unlock over 3 years).
Future Outlook for Vana
Vana has made progress in data collection, core technology architecture, and developer community building. It also provides solutions for data privacy protection and security.
Latest News on Vana
According to official news, YZi Labs has invested in the crypto AI startup Vana, with CZ joining as an advisor.
Introduction to Vana
Vana is a fully EVM-compatible L1 blockchain and the first network designed specifically for user-owned private data. Vana transforms data into a new, valuable asset class by providing data liquidity (DLP). Users can gain governance rights and earn potential financial returns while ensuring data security and privacy. Verified data is tokenized to support AI model development and various decentralized applications, reshaping the way AI systems are built.
Vana's Team Background and Financing
The Vana protocol was created by Open Data Labs, a research company based in San Francisco and born out of the MIT Media Lab. With the establishment of the Vana Foundation, the future sustainability of the Vana ecosystem will be ensured.
Vana has completed three rounds of financing, raising a total of $25 million:
A $2 million seed round led by Polychain in 2022;
An $18 million Series A round led by Paradigm in 2022;
A $5 million strategic round led by Coinbase Ventures in 2024.
Other investors include Casey Caruso, Packy McCormick, Manifold, GSR, Will Price, Jez, SCB 10X, Defiance Capital, Contango, Auros Ventures, MH Ventures, BoxGroup, and Will Manidis. Vana plans to accelerate project development and the construction of a decentralized AI ecosystem with this funding.
Core Advantages of Vana
User Data Sovereignty: Users have complete control over their data, setting their own rules and profiting from it—a significant advantage in the current big data and AI era.
Data Trading: Vana is building the largest and most powerful AI dataset, collecting data 1,500 times larger than GPT-3. Users can place their data into Data Liquidity Pools (DLPs) to earn token rewards.
Data DAOs: Vana already has 1.3 million users and 300 Data DAOs, processing 1.7 million transactions daily. These include Data DAOs for Reddit, Twitter, and LinkedIn. Users can upload, manage, and collectively govern their data while ensuring privacy and participating in data commercialization.
Blockchain Technology: Vana's underlying blockchain technology ensures transparency and security in data transactions, keeping data in users' hands and protecting privacy. Data is rented to companies for AI training, generating income for users and reducing reliance on centralized platforms.
AI-Driven Identity Creation: Using advanced AI algorithms, Vana allows users to upload personal data such as photos and audio clips to create highly anthropomorphic virtual identities that can mimic users' voices, expressions, and behaviors, providing a "digital twin" in the virtual world.
Vana's Token Economics
On December 12, 2024, Vana released its VANA token economics. The total supply of VANA tokens is 120 million, with 44% allocated to the community (unlocking over 36 months), 22.9% to the ecosystem (unlocking over 48 months), 18.8% to core contributors (partial unlock after 1 year + full unlock over 4 years), and 14.2% to investors (partial unlock after 1 year + full unlock over 3 years).
Future Outlook for Vana
Vana has made progress in data collection, core technology architecture, and developer community building. It also provides solutions for data privacy protection and security.
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