During the testnet phase, over 1.3m users contributed more than 6.5m data points to train user-owned AI models. On mainnet, DataDAOs will leverage the $VANA token to enable users to collectively own, monetize and govern their personal data for a stake in the booming AI economy.
MONDAY, DECEMBER 16 2024 — Vana, the pioneering network for user-owned data, today announced the launch of its mainnet and native $VANA token. The launch marks a significant milestone in breaking through the data wall that’s limiting AI development while preserving privacy and giving users a stake in the value their data generates.
Developed by Open Data Labs — a San Francisco-based research and technology company born out of the MIT Media Lab — the Vana network is an EVM-compatible blockchain that enables users to maintain ownership and control over their personal data while allowing that data to be used for AI model training through privacy-preserving technologies.
The mainnet launch follows Vana’s successful testnet phase, which saw over 1.3 million users contributing over 6.5m data points to DataDAOs, processing approximately 1.7 million transactions daily. The testnet demonstrated that programmable data ownership is not just possible, but critical at this point in AI development, says Anna Kazlauskas, CEO of Open Data Labs and inventor of Vana:
With a total supply of 120 million tokens, $VANA will serve as the foundation for the network’s economic model, enabling:
The mainnet launch comes at a crucial time when AI development faces increasing data scarcity, while users seek greater control over their digital footprint. Vana’s solution enables individuals to participate in and benefit from the AI economy while maintaining sovereignty over their data.
As AI hits a data wall and more platforms monetize user data without sharing any upside with users, users deserve to own a stake in the future of AI, says Art Abal, CEO of Vana Foundation:
Media Contact:
media@vanafoundation.org
About Vana
Vana is the first decentralized network for user-owned data, unlocking data as a new digital asset class. The Vana network consists of an EVM-compatible blockchain, secure personal server environment, and set of native contracts designed for the trustless and secure exchange of user-owned data via DataDAOs.The network empowers users to maintain control over their data while participating in the growing AI economy by pooling their data with others and earning rewards for their contributions.
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About Vana Foundation
Vana Foundation is a non-profit entity tasked with ensuring the sustainability and growth of the Vana ecosystem.
About Open Data Labs
Open Data Labs is an independent research company focused on technology to accelerate user-owned data. Open Data Labs created the Vana protocol and provides ongoing core developer services to the Vana Foundation.
ContactNick VivionVana Foundationmedia@vanafoundation.org
This article was originally published on Chainwire
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