According to ChainCatcher, Web3 startup Vana announced the completion of a $5 million strategic financing led by Coinbase Ventures. So far, Vana's cumulative financing has reached $25 million.
Vana aims to build a user-owned data pool network, solve the problem of insufficient data for AI model training through blockchain technology, and provide Internet users with a way to earn income. Vana plans to establish a decentralized autonomous organization (DAO) network that allows members to pool data accumulated from social media platforms such as Reddit, LinkedIn or X, and sell these data sets to AI researchers.
Previously, Vana received $18 million in Series A funding led by Paradigm.
