Vana (VANA) is the native cryptocurrency of the Vana network, an EVM-compatible Layer 1 blockchain designed to power decentralised data economies. Focused on user-owned data, Vana allows individuals and communities to contribute, control, and monetise their personal information through blockchain-based structures like DataDAOs and Data Liquidity Pools (DLPs). By transforming user data into a sovereign digital asset, Vana aims to build a transparent, decentralised ecosystem where data ownership and value distribution are placed directly in the hands of users.
Vana uses a dual consensus mechanism combining Proof-of-Stake (PoS) and Proof-of-Contribution (PoC). PoS secures the network through validator staking, while PoC rewards users for contributing valuable datasets to the platform. Vana supports EVM-compatible smart contracts and introduces the VRC-20 token standard for data-backed digital assets. These tools enable programmable licensing, automated royalty distribution, and decentralised governance, creating a robust infrastructure for transparent and secure data monetisation in Web3.
Vana supports a wide range of use cases at the intersection of AI, blockchain, and data monetisation. These include tokenised data marketplaces for AI training, collaborative DataDAOs for revenue sharing, and the creation of data-backed digital assets for analytics and machine learning applications. Vana also enables on-chain licensing and contributor attribution, making it ideal for industries like artificial intelligence, decentralised social platforms, privacy-first ecosystems, and enterprise data solutions. The network collaborates with key advisors from Anthropic, Midjourney, and Together AI.