Yes you have heard right, from now on every individual will own and monetize its data. No third party like FB, TikTok etc. will control and sell it. In a world where data is the new oil, $VANA Token is a totally changing scenario of how we think about data independency. Vana introduces a decentralized protocol for user-owned data, allowing individuals to control and monetize their personal data in the rapidly #AI growing environment.
Vana is an EVM-compatible layer-1 blockchain that combines blockchain technology, privacy-protecting features, and tokenized rewards to give users full control on their data. With $AI creating huge value from data, $VANA ensures creators (the users) get their fair share while providing researchers with access to unique datasets.
Features & Utility of VANA Token:
1️⃣ Network Security: Authorizers stake $VANA to secure the blockchain and validate transactions to ensure operational stability. Early-phase rewards support the public.
2️⃣ Transaction Fees: $VANA performs as the medium for all network transactions, including data-related operations, smart contract executions, and interactions with #DataDAOs.
3️⃣ DataDAO Staking: Users who stake $VANA in DataDAOs will earn rewards for adding valuable data assets. Staked $VANA also impacts the top-performing DataDAOs.
4️⃣ Governance & Ecosystem Growth: $VANA powers decentralized governance, allowing holders to vote on proposals. The token supports ecosystem growth through staking and rewards.
With a capped total supply of 120 million $VANA, the project showed a fair distribution, including rewards for community participation, ecosystem grants, and strategic funding. As #Vana grows, its mission of creating a decentralized data environment takes attraction.
Is @withvana the future of data ownership, or will centralized monsters continue to rule the space?