Vana, a startup from San Francisco, introduces Reddit Data DAO. It’s a system where Reddit users get ownership of their data on the platform.
The DAO, known as r/datadao, rewards users for contributing data on Reddit. It’s in charge of all decisions, like appointing governance activities and renting out the data to AI companies for training models.
Anna Kazlauskas, CEO and Vana’s first data DAO welcomes the public to the revolutionary data management space. Reddit FightBack DAO is the very one that not only pilots user data monetization but also breaks the traditional monetization strategy of Reddit.
Reddit is considering renting out its data to AI companies, potentially earning up to $200 million annually. The proposal by the DAO suggests redirecting this revenue to the users who contributed the data instead.
Users can become attractive by including a Reddit account and their data on the DAO so that they receive a token that is a symbol of their status on the platform. They use proof of stake, which can be claimed in a crypto wallet.
The crypto market is entering the end of an era as CME Group officially launches 24/7 Bitcoin and…
Asset management giant VanEck has officially launched the first-ever U.S. spot ETF tied directly to BNB, the native…
Layer-1 blockchain Sui experienced another major network outage on May 28 after block production and transaction processing…
The Depository Trust & Clearing Corporation (DTCC) has announced plans to connect its tokenization infrastructure to the Stellar blockchain,…
Robinhood is officially entering the “agentic AI” era after unveiling a new beta feature that…
Bitcoin financial services company Fold has officially begun rolling out its long-awaited Bitcoin rewards credit card, allowing…