{"id":114432,"date":"2025-04-02T22:08:34","date_gmt":"2025-04-02T22:08:34","guid":{"rendered":"https:\/\/teknomers.com\/en\/vana-unveils-token-specification-for-asset-linked-data\/"},"modified":"2025-04-02T22:08:34","modified_gmt":"2025-04-02T22:08:34","slug":"vana-unveils-token-specification-for-asset-linked-data","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/vana-unveils-token-specification-for-asset-linked-data\/","title":{"rendered":"Vana Unveils Token Specification for Asset-Linked Data"},"content":{"rendered":"<p><strong>What innovative features does the new VRC-20 token standard introduce for data-backed digital assets? How is Hashgraph&#8217;s upcoming private blockchain designed to tackle compliance issues for enterprises? In what ways are ASIC miners evolving to resemble traditional server architectures? What insights did Gensyn CEO Ben Fielding share about the role of decentralized AI in innovation?<\/strong><\/p>\n<p>Welcome to The Protocol, CoinDesk&#8217;s weekly wrap-up of the most important stories in cryptocurrency tech development. I&#8217;m Ben Schiller.<\/p>\n<p>In this issue:<\/p>\n<ul>\n<li>Vana launches token standard <\/li>\n<li>Hashgraph to debut private blockchain <\/li>\n<li>ASICs will look more like servers <\/li>\n<li>An interview with Gensyn\u2019s Ben Fielding <\/li>\n<\/ul>\n<hr \/>\n<p><strong>This article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday.<\/strong><\/p>\n<hr \/>\n<h3>Network News<\/h3>\n<p><strong>VANA\u2019S DATA-BACKED TOKEN STANDARD:<\/strong> Crypto enthusiasts might have heard of the ERC-20 token standard, which provides guidelines to ensure that tokens created on the Ethereum smart contract blockchain are compatible and can interact with other tokens and applications within the network. A similar standard for data-backed tokens, called VRC-20, has now emerged. Vana, an EVM-compatible Layer 1 blockchain that helps users monetize personal data by bundling it into DataDAOs for AI model training, introduced the new standard early this week to boost trust and transparency in the market for data-backed digital assets. The VRC-20 standard design includes specific criteria such as fixed supply, governance, and liquidity rules while ensuring real data access by tying tokens to actual data utility. Additionally, it promotes continuous liquidity through rewards that ensure market stability. &quot;This isn\u2019t speculation. This is real financialization of data,&quot; Vana noted on X. Vana launched its mainnet in December, with VANA as its native cryptocurrency. Since then, the network has onboarded over 12 million data points through multiple DataDAOs, reflecting strong demand for user-owned data. DataDAOs or data liquidity pools are decentralized marketplaces that bring data on-chain as transferable digital tokens. DLPs are where data is contributed, tokenized and made ready for use in applications such as AI model training. \u2014 Omkar Godbole Read more.<\/p>\n<p><strong>HASHGRAPH LINES UP Q3 PRIVATE CHAIN:<\/strong> Hashgraph, the blockchain development firm focusing on the Hedera (HBAR) network, is building a private, permissioned blockchain for enterprises in highly regulated industries with plans to debut in the third quarter of 2025. HashSphere, built with Hedera&#8217;s technology, aims to bridge private and public distributed ledgers, ensuring compliance with regulations while maintaining interoperability, the company said Monday. Hashgraph is looking to provide services to asset managers, banks and payment providers seeking secure, low-cost cross-border transactions with stablecoins. While public blockchains offer security and transparency, enterprises in industries like finance and payments often face compliance challenges, particularly with know your customer (KYC) and anti-money laundering (AML) requirements. HashSphere addresses this by restricting access to verified participants, enabling firms to develop tokenized assets, AI-powered services and other blockchain-based products while meeting regulatory standards. The network also integrates Hedera\u2019s existing tools, including the Token Service for managing digital assets and the Consensus Service for recording transactions with trusted timestamps. The platform is compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy decentralized applications using Solidity and other EVM languages. \u2014 Kris Sandor Read more.<\/p>\n<p><strong>ASICS TO BE MORE LIKE SERVERS:<\/strong> In the beginning, there were only CPUs, then GPUs, for bitcoin mining. Then came the mighty ASIC in 2013, and with it, the \u201cshoebox\u201d form factor that has become emblematic of the bitcoin mining industry. What comes next? ASIC manufacturers are increasingly betting on a hydro-cooled server rack design to become a substantial portion of bitcoin mining fleets, leaning into the \u201cdirect-to-chip\u201d cooling for further efficiency gains. Last September, Bitmain announced its model U3S21EXPH developed in a partnership with Hut 8. Its U3 design means that one unit takes up three spaces in a traditional server rack. MicroBT soon followed with its M63 Hydro series, as did Bitdeer\u2019s Sealminer A2 Hydro unit. Following suit, Auradine released its server rack model, the AH3880, this March. Its U2 design, which occupies two server slots, is a bit smaller, but it packs more hashrate per unit of space at 600 TH\/s (or 300 TH\/s per slot) versus Bitmain\u2019s 860 TH\/s (286.66 TH\/s per slot). The benefit of a server rack ASIC lies in standardization. Bitcoin miners are increasingly marching in step with the traditional datacenter industry, and that industry could see 40% adoption of direct liquid-to-chip cooling by 2026, according to data center developer Cyrus One. If miners adopt this design, then theoretically, they can optimize their supply chains by converging on server designs that are becoming best practice in the big-boy data center sector. \u2014 Colin Harper, Blockspace Read more.<\/p>\n<p><strong>GENSYN CEO BEN FIELDING:<\/strong> Ten years ago, when he was still a young AI researcher beginning his PhD track, Ben Fielding explored how \u201cswarms\u201d of AI \u2014 clusters of many different models \u2014 could talk to each other and learn from each other, which might improve the collective whole. There was just one problem: He was handcuffed by the realities of that noisy machine beneath his desk. And he knew he was outgunned by Google and other Big Tech. <em>Compute constraints would always be an issue<\/em>, he realized. The solution? Decentralized AI. Fielding co-founded Gensyn (along with Harry Grieve) in 2020, or years before Decentralized AI became fashionable. The project was initially known for building decentralized compute, but the vision is actually something wider: \u201cThe network for machine intelligence.\u201d They\u2019re building solutions up and down the tech stack. And now, a decade after Fielding\u2019s noisy desk annoyed his lab-mates, the early tools of Gensyn are out in the wild. Gensyn recently released its \u201cRL Swarms\u201d protocol (a descendant of Fielding\u2019s PhD work) and just launched its Testnet \u2014 which brings blockchain into the fold. Fielding talked with Jeff Wilser about AI Swarms, how blockchain snaps into the puzzle, and shares why all innovators \u2014 not just tech giants \u2014 \u201cshould have the right to build machine learning technologies.\u201d \u2014 Jeff Wilser Read more.<\/p>\n<hr \/>\n<h3>In Other News<\/h3>\n<ul>\n<li>Web3 lacks a dedicated memory layer, making its current architecture inefficient and difficult to scale. Random Linear Network Coding (RLNC) offers a solution by enhancing data propagation and storage efficiency in decentralized systems. Implementing RLNC can address Web3&#8217;s scalability challenges by optimizing memory and data access without compromising decentralization, says Muriel M\u00e9dard, co-founder of Optimum. Read her op-ed here.<\/li>\n<li>Ripple, an enterprise-focused blockchain service closely tied to the XRP Ledger (XRP), said on Wednesday it has integrated its stablecoin to the company&#8217;s cross-border payments system to boost adoption for Ripple USD (RLUSD). Select Ripple Payments customers including cross-border payment providers BKK Forex and iSend are already using the stablecoin to improve their treasury operations, the company said. Ripple plans to further expand the token&#8217;s availability of its token to payments customers. RLUSD reached a $244 million market capitalization, growing 87% over the past month. \u2014 Kris Sandor reports.<\/li>\n<\/ul>\n<hr \/>\n<h3>Regulatory and Policy<\/h3>\n<ul>\n<li>The U.S. Securities and Exchange Commission has dropped or paused over a dozen ongoing cases (and lost one) since U.S. President Donald Trump retook office just over two months ago and appointed Commissioner Mark Uyeda as acting chair. Here is a rundown of what\u2019s left on the SEC\u2019s enforcement docket. \u2014 <em>Nik De reports.<\/em><\/li>\n<\/ul>\n<hr \/>\n<h3>Calendar<\/h3>\n<p><strong>Vana Introduces Token Standard for Data-Backed Assets: A New Era in Digital Asset Management<\/strong><\/p>\n<p>In the rapidly evolving landscape of blockchain and digital assets, the introduction of innovative standards can catalyze new opportunities and enhance the way we interact with technology. Vana, a company at the forefront of this digital transformation, has unveiled a groundbreaking token standard specifically designed for data-backed assets. This development holds the potential to revolutionize asset management, investment strategies, and the broader financial ecosystem.<\/p>\n<h3>Understanding Data-Backed Assets<\/h3>\n<p>To comprehend the significance of Vana\u2019s new token standard, it&#8217;s vital to first grasp what data-backed assets entail. Data-backed assets are digital representations of real-world assets or securities that derive their value from underlying data or physical items. These can include anything from real estate properties, art, and intellectual property to more abstract constructs like market indices or even personal data. The key attribute that binds these assets is their reliance on authenticated, trustworthy data to validate their worth.<\/p>\n<h3>The Challenges in Current Asset Tokenization<\/h3>\n<p>Despite the advantages of tokenization\u2014such as increased liquidity, fractional ownership, and broader accessibility\u2014challenges persist, particularly concerning interoperability, regulatory compliance, and security. Many existing token standards either focus on fungible assets like cryptocurrencies or struggle to adequately capture the complexities of data-backed assets.<\/p>\n<p>Current efforts in this domain often lack the necessary rigor to handle the dynamic nature of data. Additionally, establishing trust and ensuring that the data used to back these tokens is both accurate and up to date remains a significant hurdle. As a result, this can deter potential investors and institutions from fully embracing the potential of these assets.<\/p>\n<h3>Vana\u2019s Innovative Approach<\/h3>\n<p>In response to these challenges, Vana has introduced a new token standard that is tailored specifically for data-backed assets. This token standard is designed with several core principles in mind:<\/p>\n<ol>\n<li>\n<p><strong>Robust Data Integration<\/strong>: Vana\u2019s standard emphasizes the importance of real-time data feeds and integrations, ensuring that the value of each token can be automatically adjusted based on the most current information available. This is particularly crucial for assets like real estate, where variables such as market conditions, location, and economic indicators can deeply influence value.<\/p>\n<\/li>\n<li>\n<p><strong>Interoperability<\/strong>: Designed for seamless connections across various platforms and ecosystems, Vana\u2019s token standard facilitates easier transactions between different blockchain networks. This interoperability is essential for fostering a more cohesive marketplace for data-backed assets, allowing investors to trade and manage their holdings without being constrained by platform limitations.<\/p>\n<\/li>\n<li>\n<p><strong>Security and Compliance<\/strong>: With cybersecurity threats on the rise, Vana has integrated industry-leading security protocols into its token standard. This not only protects the integrity of the data underpinning the assets but also ensures compliance with regulatory frameworks that govern asset management and trading.<\/p>\n<\/li>\n<li><strong>Fractional Ownership<\/strong>: Allowing for the division of assets into smaller, more manageable parts is a game-changer. This feature makes it possible for a broader class of investors to participate in markets that were previously inaccessible due to high entry costs. For instance, a luxury art piece worth millions can now be owned fractionally, allowing numerous investors to share in its appreciating value.<\/li>\n<\/ol>\n<h3>Implications for the Investment Landscape<\/h3>\n<p>Vana\u2019s token standard is poised to reshape the investment landscape significantly. For individual investors, this means more opportunities to diversify portfolios with assets that were once out of reach. For financial institutions, it presents a way to innovate products and services, catering to an evolving customer base that demands greater flexibility and transparency.<\/p>\n<p>Moreover, the transparency brought about by blockchain technology can reduce the complexities associated with traditional asset management. By providing a clear audit trail and verifiable data, Vana\u2019s token standard can foster greater trust among investors and regulators alike.<\/p>\n<h3>Looking Ahead<\/h3>\n<p>As Vana continues to develop and promote its token standard for data-backed assets, the implications for industries beyond finance are substantial. From real estate to entertainment, the possibilities for tokenization are virtually limitless. Businesses can leverage this technology to create more efficient supply chains, validate provenance in art and design, or even track the performance of intellectual property more precisely.<\/p>\n<p>In conclusion, Vana\u2019s introduction of a token standard for data-backed assets is more than just a technological advance; it represents a fundamental shift in how we perceive and interact with digital assets. By addressing existing challenges and enhancing the security and transparency of tokenized assets, Vana is not only improving investment opportunities for individuals and institutions but also paving the way for a more innovative and equitable financial ecosystem. As the world increasingly embraces digitization, Vana&#8217;s pioneering efforts could well become a cornerstone of a new era in digital asset management.<\/p>\n<p>Vana has introduced a new token standard aimed at enhancing the representation of data-backed assets in the digital realm. This innovative standard seeks to provide a more secure and efficient way to tokenize real-world assets, facilitating easier trading and ownership transfer. By leveraging blockchain technology, Vana aims to ensure transparency and trust in the management of these assets.<\/p>\n<p>The new standard allows for the integration of various types of data into the token structure, enabling a richer representation of assets. This could include financial data, performance metrics, or other relevant information that can help inform potential buyers or investors about the value and viability of the asset in question.<\/p>\n<p>Furthermore, Vana&#8217;s approach may streamline compliance with regulatory requirements, giving users confidence in the legitimacy of their transactions. As the market for digital assets continues to grow, the introduction of such token standards is critical for fostering innovation and encouraging broader adoption.<\/p>\n<p>Overall, Vana\u2019s initiative reflects a growing trend towards the digitization of assets, providing a roadmap for how data can be effectively intertwined with tokenization to create a more dynamic and accessible marketplace.<\/p>\n<p><a href=\"https:\/\/teknomers.com\/en\">Tm-En-7<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What innovative features does the new VRC-20 token standard introduce for data-backed digital assets? How is Hashgraph&#8217;s upcoming private blockchain designed to tackle compliance issues for enterprises? In what ways are ASIC miners evolving to resemble traditional server architectures? What insights did Gensyn CEO Ben Fielding share about the role of decentralized AI in innovation? 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