VANA Crypto Price

Vana

4.949

+0.120(+2.485%)

VANA Crypto Price Chart

Key Stats

24H High

5.463

24H Low

4.603

24H Volume

1.72M

24H Volatility

18.68%

All Time High

35.8

All Time Low

1.00

Correlation with BTC

0.67

Return On Investment

+394.90%

What is Vana?

Vana is an EVM-compatible Layer 1 blockchain network that enables users to transform personal data into financial assets by aggregating private datasets for AI model training. This approach allows individuals to tokenize and monetize their data through Data Decentralized Autonomous Organizations (Data DAOs), granting them ownership and control over their digital footprints.Key Features of Vana:Data Liquidity Pools (DLPs): Vana introduces Data Liquidity Pools, where users can contribute data, which is then validated and tokenized. These pools facilitate the creation of data tokens, representing ownership and value of the contributed data.Proof of Contribution: To ensure data quality and integrity, Vana employs a Proof-of-Contribution system. This mechanism validates data submissions, ensuring they meet the standards required by the network.Incentive Structures: Participants in the Vana ecosystem, including data contributors, validators, and DLP creators, are rewarded with $VANA tokens. This incentivizes active participation and the provision of high-quality data.