Altcoin under the radar challenged the broader drop in the cryptography market and increased at prices this week in the middle of a new strategic investment.
Vana (Vana) is a layer 1 network for data from the user.
The project aims to allow users to contribute, tokenize and to share their data to create applications focused on new generation artificial intelligence (AI).
The native asset of the project, Vana, was launched in December and is negotiated at $ 8.88 at the time of the editorial staff. The cryptographic asset classified 228th by market capitalization increased by almost 3% during the last day and more than 37% last week.
Vana’s earnings were widely concluded after Yzi Labs, formerly known as Binance Labs, announced a new investment in the Layer-1 project. The founder of Binance, Changpeng Zhao (CZ), also joined Vana as an advisor.
Explains Yzi Labs,
“This has marked the first investment of Yzi Labs AI since its brand change, strengthening its extended accent on transformative innovations beyond web3, including AI and biotechnology. CZ joining Vana as an advisor, the team is well placed to accelerate its vision of propeling the next generation of IA breakthroughs.
The economy of personal data is estimated at 1 billion of dollars, with 329 million data of data which should be generated daily by 2025. However, the vast majority of this value is captured by a handful of companies rather than by individuals who create the data. Vana modifies this paradigm by introducing a layer of programmable data sovereignty which allows individuals to decide who uses their data and how it is monetized. »»
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