Vana is the first network for user-owned data. It revolutionizes the way data is owned, shared, and monetized. Vana L1 enables users to pool data into DataDAO while maintaining control and privacy.

Developers can use these decentralized data sets to create next-generation applications, such as AI models and data-driven dApps.

On December 5, vana announced that it would launch its native token $VANA. The main functions of $VANA include staking to participate in data liquidity pools, governance voting rights, paying network transaction fees, network contribution rewards, and data access payments.
When AI companies want to access data in DLP, they must use VANA to purchase and destroy DLP tokens. This creates a direct economic connection between network usage and token value.