Crypto enthusiasts may have heard of the ERC-20-token standard, providing guidelines to ensure that symbols created at Ethereum Smart Contract Blockchain are compatible and can interact with other tokens and applications within the network.
A similar standard for data-beaten symbols, called VRC-20, has now emerged.
Vana, an EVM compatible LAG 1-blockchain that helps users make money on personal data by bundle them into Datadaos for AI model training, introduced the new standard early this week to increase confidence and transparency in the data-packed digital assets market.
“For data markets to work, tokens must be reliable, secure and useful. As a universal standard for datropped tokens, the VRC-20 delivers this by ensuring fair and transparent data-token trading,” announced Vana on X.
The VRC-20 standard design includes specific criteria, such as fixed delivery, governance and liquidity rules, while ensuring real data access by tying symbols to the actual data tool. In addition, it promotes continuous liquidity through rewards that ensure market stability.
“This is not speculation. This is real financing of data,” noted Vana.
Vana launched its mainnet in December with Vana as its original cryptocurrency. Since then, the network has onboarded over 12 million data points through several dataos, reflecting a strong demand for user -owned data.
Datadaos or Data Powers are decentralized marketplaces that bring data onchain as transferable digital tokens. DLPs are where data contributes, tokenized and prepared for use in applications such as AI model training.
Monday’s announcement replaced VANA emissions such as Datadao-evident with a new feature calling for DAOS to emit the VRC-20-compatible tokens to receive liquidity support.
In addition, the protocol introduced the data vaalidator tarpaulin, where Vana holders can lock their coins in data paving instead of individual data aaos.
“Rewards are based on network security and use. Stackers serve proportionately to their contribution to networking time and data availability. No more inactive effort. Earnings are tied to real networking tools and reliability,” Vana said.
The Vana token changed hands to $ 5.58 at the time of press, the lowest in over two weeks, which expanded the fall from the recent $ 8.78 price height at Binance, according to data source trading.
