VRC-20 Data Tokens
Powering the economic engine for DataDAOs and their communities.
The VRC-20 standard provides a framework for tokenizing datasets within the Vana ecosystem. It defines a set of rules and functionalities for creating data tokens that serve as the economic backbone for DataDAOs.
VRC-20 tokens introduce specific features designed for the unique challenges of DataFi, such as governing dataset access and incentivizing high-quality data contributions.
The Role of a VRC-20 Token
A VRC-20 token is a core component of a DataDAO's infrastructure. The standard ensures every token can perform several critical functions:
- Incentivize Contribution: Tokens can be distributed to users who contribute valuable data, creating a direct economic incentive for growing the dataset.
- Govern Data Access: The token can be used to manage permissions, allowing the community to set its own on-chain policies for how its data is used.
- Enable Community Governance: Token holders can participate in shaping the DataDAO's future, such as by voting on data refinement policies or treasury management.
By standardizing these features, VRC-20 creates a trusted and interoperable foundation. This allows builders to design powerful economic models for their DataDAOs, confident that their token has the features needed to integrate with the broader Vana ecosystem and its rewards programs.
Updated 1 day ago