Original | Odaily Planet Daily (@OdailyChina）_
Author | Nan Zhi (@Assassin_Malvo）_
Today, after announcing the $5 million financing led by Coinbase, the decentralized AI data protocol Vana's Telegram game, Data Hero, received extensive promotion on the X platform. The community is promoting it as the "only AI project invested by Paradigm." What is the actual core business of Vana? Can interaction for airdrops be conducted at present? Odaily will interpret in this article.
Project Background
Project Business Interpretation
Vana is a distributed network designed for user-owned private data. It consists of an EVM-compatible Layer1 blockchain, where users own and manage their contributed data and AI models through an organization called "Data DAO" and profit from it.
The core component of Vana is called the "data liquidity network," which allows users' data to be used in a flexible and modular way, similar to financial assets. Vana achieves this through two mechanisms:
Proof of Contribution mechanism, which verifies the value of private data while protecting privacy.
Non-custodial data mechanism, ensuring that data is only used for approved operations.
The "data liquidity network" of Vana creates a trustless environment where data can be securely tokenized, traded, and used for AI training without compromising user privacy or control.
The main features and operation process of Vana include:
Users aggregate and upload data through Data DAO, and the foundational model DAO evaluates the value of each person's data contribution and rewards them with tokens specific to the model;
Contributors can own the AI models they help create;
Flexible incentive mechanisms, introducing various tokens such as data set-specific tokens, AI model-specific tokens, etc.;
The top 16 Data DAOs will receive token incentives;
The business of Vana can be summarized as follows: users upload their private data from platforms such as Facebook, Instagram, and Reddit to the Vana protocol. Vana ensures the privacy of this data through its mechanism design and uses it for AI training, while users receive incentives based on their uploaded content.
Financing Situation
Vana has raised a total of $25 million, including:
$5 million strategic financing completed in September 2024, led by Coinbase, with no other participating companies disclosed.
$18 million financing completed in December 2022, led by Paradigm, with participation from former Paradigm partner Casey Caruso, Polychain Capital, and others. This round of financing was not publicly disclosed until April 2024.
An additional $2 million financing by Vana with undisclosed details.
Project Progress
There are already a number of mature Data DAOs in the Vana ecosystem. For example, the Reddit Data DAO currently has 140,000 Reddit users participating and has trained the first user-owned AI model. There is also the Twitter Data DAO Volara created by Bittensor miners, and the VC-supported LinkedIn Data DAO, among others.
GPT Data DAO Example
Users can choose to submit data to different DAOs. Here, GPT Data DAO is used as an example. It should be noted that this is currently in the test network stage. The official statement indicates that "points obtained on the test network have no value and do not represent future airdrops." Users should make their own judgment on whether to interact in batches.
Link to the GPT Data DAO website and enter your wallet address in ChatGPT once.
Export the chat records with ChatGPT through Settings - Data Management - Export.
ChatGPT will send your chat records to your registered email. Download and upload them on the upload page.
Other Projects
In addition to Data DAOs, Vana launched the Telegram game Vana Data Hero on July 30th. The gameplay involves continuously clicking on the screen to earn points. After today's announcement of the financing led by Coinbase, this link has been widely circulated on the X platform. The official refers to this game as "DataDAO Pre-Mine," but the specific value of participation is not yet clear.
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