“The VRC-20 Standard Aims to Boost Trust and Transparency in the Market for Data-Backed Digital Assets.”, – WRITE: www.coindesk.com
A Similar Standard for Data-Backed Tokens, Called VRC-20, HAS NOW EMERGED.
Vana, an Evm-Comopatible Layer 1 Blockchain That Helps Users Monetize Personal Data by Bundling It Into Datadaos for Ai Model Training, IntroduCed The New Standard Trust. For Data-Backed Digital Assets.
“For Data Markets to Work, Tokens Must Reliable, Secure, and Useful. As A Universal Standard for Data-Backed TKENS Announced on X.
The VRC-20 Standard Design Includes Specific Criteria Such as Fixed Supple, Governance, and Liquidity Rules While Enzuring Real Data Access by Tying Tokens to Actonia Data. Additionally, IT Promtes Continuous Liquidity Through Rewards that Ensure Market Stability.
“This isn’t Special. This is Real Financialization of Data,” Vana Noted.
Vana Launched ITS Mainnet in December, With Vana As Its Native Cryptocurrency. Since Ten, The Network Has Onboarded Over 12 Million Data Points Through Multiple Datadaos, Reflection Strong Demand for User-Ref.
Datadaos or Data Liquidity Pools Are Decentralized Marketplaces that Bring Data Onchain as Transferable Digital Tokens. DLPS are any data is Contributed, Tokenized and Made Ready for Use in Applications Such as Ai Model Training.
Monday’s AnnounCement Replaced Vana Emissions As Datadao Invening with A New Feature that Calls for Daos to Issue VRC-20-Kompliant Tokens to Receive Liquidity Support.
Additionally, The Protocol Introduced Data Validtor Staking, Were Vana Holders Can Lock Their Coins in Data Validaers Institute of Individual Datadaos.
“Rewards Are Based on Network Security and Usage. Stakers Earn Proporationally To Their Contribution to Network Uptime and Data Reliability, “Vana Said.
The Vana Token Changed Hands at $ 5.58 at Press Time, The Lowest in Over Two Weeks, Extending the Decline from the Recent of Price High of $ 8.78 on Binance, Accounting To Data Suhorcevie.
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