Explain Like I'm Five
Vana is building a fairer digital future where you are in control of your data.
What is Vana?
Vana lets people take back control of their personal data. Right now, big companies like Facebook and Google collect your data and make money from it. But with Vana, you get to decide what happens to your data — and even get paid when it's used!
How does it work?
Vana turns your data into something valuable by putting it into special data pools called Data Liquidity Pools (DLPs). These pools make your data easy to share, while keeping it private and safe. It’s like putting your data into a bank where you can potentially earn rewards when others use it.
What’s the problem with data today?
Big companies use our data all the time, but we don’t get any returns or control over how it’s used. We’re giving away our valuable data for free!
How does Vana fix this?
- You own your data: You get to decide who uses it and how.
- You earn rewards: Every time your data is used, you get a share of revenue.
- It’s safe: Your data is private and protected.
Key Parts of Vana:
- Data Liquidity Pools (DLPs): These are like big pools where you can put your data. When people want to use it, you get paid.
- Proof-of-Contribution: This is how Vana makes sure your data is valuable. It’s like a special stamp that shows your data is important and can be used to help train AI models.
- Governance: When you share your data, you also get the power to help make decisions on how the network runs. You’re not just contributing—you’re in charge too.
An Example:
Imagine you’ve collected data from your fitness app. Normally, the app company uses that data without your permission. With Vana, you contribute your fitness data to a DLP. When a company wants to use it to train a health AI, they must pay you, and you get to control how your data is used.
Wrap-up:
Vana lets you keep control over your data and share rewards when it’s used. Instead of giving it away for free, you can now turn your data into something valuable — safely and privately.
Ready to join Vana and start owning your data?
Updated 15 days ago