Coinbase and Paradigm are both participating! AI project Vana receives 25 million magnesium financing, pre mining activities underway
AI project Vana receives a total of $25 million in financing
According to an official announcement, the cryptocurrency artificial intelligence project Vana has successfully secured a total of $25 million in funding from three top institutions in the cryptocurrency industry, including a $5 million strategic round from Coinbase Ventures, a $18 million Series A round from Paradigm, and a $2 million seed round led by Polychain.
Vana is a project aimed at creating a user owned AI platform, dedicated to addressing the data scarcity issues currently faced by the AI industry. With the rapid development of artificial intelligence, data has become a key resource for training AI models. However, traditional data sources (such as Internet public data) have dried up, and AI researchers have encountered the so-called "data wall".
Vana's goal is to enable users to control and manage their own data through a decentralized approach, and aggregate this data through a Data DAO (Decentralized Autonomous Organization) for use by AI developers. This not only increases the accessibility of data, but also ensures that data contributors can receive rewards from it. The official spokesperson stated in the press release:
Vana is the first network designed for private, user owned data. It consists of a Layer 1 memory blockchain compatible with EVM (Ethereum Virtual Machine), specifically designed for collective ownership of private digital assets that will power the future of AI. In addition, the network supports data aggregation through data DAOs and rewards the first 16 data liquidity pools
TG Mini Program Pre Mining Activity
Currently, Vana is using the communication platform Telegram's mini program for project preheating. Users can earn tokens by clicking on the game or complete designated tasks to receive token rewards.
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