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Vana AI is an L1 blockchain designed to help AI startups gain access in a more decentralized, permissionless way while allowing users to take control, tokenize, and monetize their data. $VANA is a utility token of the platform, serving a few main purposes such as governance, powering the network’s security, paying transaction fees, and DataDAO staking.
According to TheBlock, in 2022 Vana closed a $18M Series A funding round with the participation of Paradigm, Casey Caruso, Packy McCormick, and Polychain Capital.