Vana, a Web3 startup aiming to build a user-owned data pool network, announced Wednesday the completion of a $5 million strategic funding round, bringing its total funding to $25 million. Coinbase Ventures led the round. Vana previously received funding from Paradigm, which led the company's $18 million Series A round.

The startup aims to build a network of Decentralized Autonomous Organizations (DAOs) leveraging its blockchain technology to address the lack of training data for artificial intelligence models while offering internet users a way to earn income.