An under-the-radar Altcoin defended the wider crypto-marketing and this week rose in price amid a new strategic investment.
Vana (Vana) is a Layer-1 network for data from users.
The project is intended to enable users to contribute, token and to share their data to create artificial intelligence (AI) on the next generation.
The indigenous active of the project, Vana, was launched in December and acts at $ 8.88 at the time of writing. The 228th ranking of crypto assets per market hood has risen almost 3% in the past day and more than 37% in the past week.
Vana’s win is largely materialized after YZI Labs, formerly known as Binance Labs, announced A new investment in the Layer-1 project. Binance founder Changpeng Zhao (CZ) also came to Vana as an adviser.
Yzi Labs explains,
“This marks the first AI investment of YZI Labs since the rebranding, which strengthens the extensive focus on transformative innovations outside Web3, including AI and Biotechnology. With CZ who comes to Vana as an advisor, the team is well positioned to speed up its vision of feeding the next generation AI breakthroughs.
The personal data economy is estimated at $ 1 trillion, with 329 million terabytes of data that is expected to be generated daily by 2025. However, the vast majority of this value is recorded by a handful of companies instead of the persons who make the data. Vana changes this paradigm by introducing a programmable data agreement that enables individuals to decide who uses their data and how it is monitored. “
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Generated image: dalle3
