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Web3 Startup Vana Completes $5 Million Strategic Funding Round, Totaling $25 Million in Funding

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September 18, 2024
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ChainCatcher reports that Vana, a Web3 startup, has secured $5 million in strategic funding led by Coinbase Ventures. This brings Vana's total funding to $25 million.

Vana aims to build a network of user-owned data pools, addressing the problem of insufficient data for AI model training through blockchain technology. At the same time, it provides a way for internet users to earn income. Vana plans to create a network of Decentralized Autonomous Organizations (DAOs), allowing members to pool data accumulated from social media platforms like Reddit, LinkedIn, or X, and sell these datasets to AI researchers.

Previously, Vana secured an $18 million Series A funding round led by Paradigm.

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