Back Icon Image
News list

Web3 Startup Vana Completes $5 Million Strategic Funding Round, Bringing Total Funding to $25 Million

Article is form followin
September 18, 2024
This article is translated by ChatGPT Show original
Back Icon Image

Vana, a Web3 startup, Secures $5 Million in Funding Led by Coinbase Ventures

Vana, a Web3 startup building a network of user-owned data pools, has announced the completion of a $5 million strategic funding round led by Coinbase Ventures. This brings Vana's total funding to $25 million.

Vana aims to solve the problem of limited data for AI model training by leveraging blockchain technology. They are building a decentralized autonomous organization (DAO) network that empowers users to pool their data accumulated from platforms like Reddit, LinkedIn, or X. This aggregated data can then be sold to AI researchers, providing users with a way to earn income.

Previously, Vana raised $18 million in a Series A round led by Paradigm.

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.