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Vana (VANA) Surges 42% in 24 Hours Despite Market Crash. Here’s Why

17d ago
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VANA, the native cryptocurrency of the decentralized artificial intelligence (AI) data sovereignty network Vana, has rallied by more than 42% in the last 24 hours after the crypto investment firm YZi Labs (formerly Binance Labs) announced a strategic investment in the protocol.

On-chain data shows that VANA quickly surged from $6.03 to $8 within hours of the investment’s announcement. The asset has rallied further to $9.67 and, after a slight correction, was trading at $8.75 at press time.

Its market cap is up 44%, while its 24-hour volume has skyrocketed by a whopping 3,755%. Despite the impressive rally in the last 24 hours, Vana’s value is still 75% below its December 17 all-time high of $35.

YZi Labs Invests in Vana

The new partnership between Vana and YZi Labs will enable the protocol to develop and expand its Data decentralized autonomous organization (DAO) ecosystem. It will also foster the commercial success of Vana’s existing network of more than 16 DataDAOs planning to launch their data tokens on the network.

With the capital obtained from YZi Labs, Vana will onboard additional DataDAOs and develop infrastructure for expanded data financialization beyond the crypto industry. The network seeks to pioneer AI data ownership and interoperability in the finance, social media, healthcare, and mobility industries.

Vana’s layer-1 blockchain facilitates the exchange of private and personal data and addresses the rising demand for high-quality datasets in the global AI economy. The network aims to establish data as a new asset class and empower users to retain control of their data while contributing to AI advancements. This ensures data creators have a stake in the budding AI sector while providing researchers and businesses with high-quality datasets. Anna Kazlauskas, creator of Vana, said:

“Data is a competitive advantage when it comes to training next-generation AI. As the space becomes increasingly dynamic, new entrants like DeepSeek are rapidly shaking up the status quo. Competing at this pace requires continuous access to high-quality private data, and that’s exactly where Vana comes in: we connect researchers and developers to the datasets that fuel AI innovation across industries.”

CZ Joins Vana as Advisor

The alliance with Vana marks YZi Labs’ first AI investment since its rebranding roughly a month ago. The company expanded its focus beyond web3 to encompass AI and biotechnology.

As part of the partnership, crypto exchange Binance founder and former CEO Changpeng Zhao (CZ) will join Vana as an advisor. Talking about the deal on X, CZ encouraged community members to support the builders of the Vana ecosystem, as crypto is the currency for AI, and data is the food for AI. He added that data creators should own their data, not Web2 companies.

Meanwhile, YZi Labs revealed that the personal data economy is expected to be worth $1 trillion, with 329 million terabytes of data generated daily by the end of the year. The investment into Vana positions the team to power the next generation of AI breakthroughs and enable individuals to decide who uses their data and how it is monetized.

“We’re excited to support their mission to redefine how data is accessed, shared, and leveraged in the AI economy,” said Andy Chang, Investment Director at YZi Labs.

The post Vana (VANA) Surges 42% in 24 Hours Despite Market Crash. Here’s Why appeared first on Cointab.

17d ago
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