- The Vana mainnet empowers users to own, monetize, and govern their personal data.
- iDEGEN is currently conducting a presale with a dynamic pricing model.
- VANA token faces market volatility as iDEGEN quickly gains traction, raising over $5.8 million.
The Vana mainnet has gone live, introducing the VANA token as a new digital asset aimed at empowering users to maintain ownership and control over their personal data. However, despite the positive development, the price of VANA has plunged raising concern among investors.
At the same time, iDEGEN, an AI-powered meme token, is quickly gaining traction with a dynamic presale model, that is attracting investors in droves.
Vana mainnet launch
The Vana mainnet went live on December 16, introducing the VANA token as a new digital asset designed to empower users to maintain ownership and control over their personal data.
We’re excited to announce that Vana mainnet is live!
Today, we’re introducing:
⭐️ Testnet Community Rewards
🏵️ $VANA Staking
🎄 12 Days of DataDAOsThis is just the beginning of a new open data economy and the future of user-owned AI.
Here’s everything you need to know 👇 pic.twitter.com/y10UdOWtek
— vana (@withvana) December 16, 2024
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 uses privacy-preserving technologies to allow data to be used for AI model training.
Over 1.3 million users participated in the testnet phase, contributing more than 6.5 million data points, which were processed at a rate of approximately 1.7 million transactions daily. This robust test phase demonstrated that programmable data ownership is feasible and essential in today’s AI development landscape, according to Anna Kazlauskas, CEO of Open Data Labs and inventor of Vana.
The mainnet launch aims to break through the so-called “data wall” that has been limiting AI’s full potential. Vana’s unique approach allows users to not only own their data legally but also monetize it through DataDAOs, collective data ownership organizations that use the VANA token for governance and value-sharing.
The key features of the Vana mainnet include trustless validation via secure data ingress and trusted execution nodes, granular permissioning, on-chain data provenance, and…