Crypto lovers might have heard of the ERC-20 token normal. This offers pointers for guaranteeing that tokens created within the Ethereum Good Contract blockchain are appropriate and might work together with different tokens and functions in your community.
> An identical normal from VANA, the EVM compatibility layer 1 blockchain that helps customers monetize private information by bundled with Datadaos for AI mannequin coaching, launched a brand new normal earlier this week to extend the belief and transparency of the marketplace for data-backed digital property.
“For the info market to operate, tokens should be dependable, safe and helpful. As a common normal for information auxiliary tokens, VRC-20 does this by guaranteeing truthful and clear information token buying and selling,” Vana introduced in X.
The VRC-20 normal design contains sure standards akin to mounted provide, governance, and liquidity guidelines, whereas guaranteeing precise information entry by linking tokens to precise information utilities. Moreover, it promotes steady liquidity by rewards that guarantee market stability.
“This isn’t a hypothesis. It is an actual financialization of information,” Vana mentioned.
Vana launched its mainnet in December, and Vana is a local cryptocurrency. Since then, the community has onboarded over 12 million information factors by a number of Datadaos, reflecting the robust demand for user-owned information.
Datadaos or Knowledge Liquidity Swimming pools are decentralized markets that supply on-chain as digital tokens that enable information to be transferred. DLP is a spot the place information contributes, tokenized, and can be utilized in functions akin to AI mannequin coaching.
Monday’s announcement changed Vana Emissions as Datadao Ingenious with a brand new function that requires DAOS to challenge VRC-20 compliant tokens to obtain liquidity assist.
Moreover, the protocol launched information validator staking. Right here, VANA homeowners can lock cash to information variators moderately than particular person Datadaos.
“Rewards are based mostly on community safety and utilization. Stakers earn proportionately to community uptime and contributions to information availability. There is no such thing as a lazy staking. Revenues are associated to precise community utilities and reliability.”
In line with information supply TradingView, Vana Token modified arms at $5.58 for $5.58 for no less than two weeks, extending the decline from the current high $8.78 value.
