The Reddit Knowledge DAO will provide tokenized incentives to customers contributing information, creating AI fashions, and offering computation to the venture.
A brand new DAO needs to assist Reddit customers monetize their information to be used in coaching AI fashions.
On April 3, Vana, a decentralized community internet hosting “user-owned datasets and fashions,” introduced the launch of Reddit Knowledge DAO on prime of its community. The DAO plans to incentivize Reddit customers to contribute their remark historical past to a pooled dataset, which might then be bought to AI corporations following a group vote.
“This isn’t performed in coordination with Reddit, and is an enormous deal for the group given Reddit’s personal makes an attempt to promote consumer information,” Vana mentioned. “The broad thought is to free consumer information from the most important platforms that search to hoard/monetize it.”
Vana mentioned it already hosts a million customers who’re actively creating private information fashions through the platform, whereas their open API is attracting a budding ecosystem of builders constructing AI purposes.
Vana additionally introduced that it raised $18 million in a funding spherical throughout 2022 that wasn’t beforehand disclosed.
AI and crypto convergence
Vana is amongst a budding cohort of initiatives looking for to innovate on the intersection of synthetic intelligence and web3.
AI tokens have just lately outperformed the broader crypto markets, with CoinGecko information indicating that the sector’s mixed capitalization has grown practically 700% since late October.
Nonetheless, few initiatives have managed to develop distinctive use circumstances for AI, with many groups providing up lofty guarantees of liberating synthetic intelligence improvement from the handful of centralized entities at present dominating the AI sector by decentralization.
Vana hopes to ship on this goal by leveraging on-chain permissions to make customers’ information non-public, safe, and transportable.
Knowledge is tokenized and saved on both a private gadget or trusted node, and can be utilized to coach AI fashions or purposes. Vana additionally supplies decentralized computing energy to facilitate distributed coaching.
“The structure combines a safe off-chain server with good contracts to allow user-owned information and fashions,” states Vana’s documentation.
Customers contributing to information in the direction of a selected dataset on the platform are rewarded with ERC-20 “dataset-specific tokens” facilitating voting on how the dataset is used. Vana additionally gives “model-specific tokens” as incentives to customers who contribute GPU computation or information contributing to AI fashions generated by the platform.
