Original｜Odaily
Author｜Wenser
On March 21, the American social forum website Reddit (commonly known as the American version of Tieba), founded in 2005, officially landed on the New York Stock Exchange. It soared nearly 70% on its first day of listing and closed up 48%, with a market value of nearly US$10 billion. As of this writing, Reddit’s price per share is around $46, and its market capitalization remains at around $7.5 billion. But with the listing of Reddit, the problem of the century facing the company and users has once again attracted attention:Who owns the user’s data?
According to a previous report by CNBC, Reddit charges US$12,000 for every 50 million API requests. Many companies that use Reddit user dialogue data to train AI models need to pay Reddit millions or even tens of millions of US dollars, but these fees are not related to the production of content data. Reddit users have nothing to do with it. If users are powerless over the data content they produce, then who else can guarantee users’ data sovereignty?
At this moment when AI is advancing rapidly, it is urgent to ensure users’ data ownership.thats all,r/datadaoIt came into being.
r/datadao: The birth of the first data DAO
April 4th, the first data DAOAnnouncement of birth, the organization’s official account followed the username format of the Reddit forum and was named r/datadao. Subsequently, the company behind this organization also surfaced - Vana, an AI startup founded in 2021, has previously received funding includingParadigm、Polychain、BoxGroup、AbstractVC、Caseykcaruso、packyMA number of star investment institutions and individuals, including the company, supported and raised US$20 million.
Vana is also officially on the X platformPost a messageConfirmed the news and quoted Coindesk related reports: Reddit Data DAO launches Atop Vana, Decentralized Network for User-Owned Datasets (Vana, a user-owned decentralized database network, launches Reddit Data DAO).
On April 3, Anna, CEO and co-founder of Vana, published an article titledData DAOs: The Path Towards a User-Owned Internets post. In it, she elaborated on the idea of the data DAO organization, the role and value of the data DAO organization, the technical implementation of the data DAO organization, and the important impact of the data DAO organization on the development of AI. At the end of the post, Anna even issued a slogan like a female fighter fighting for data freedom: I encourage you to participate and witness the worlds first data DAO focusing on Reddit data. —r/datadao.”
Vana official website interface
r/datadao stated on its official website, “Reddit sells user data for $60 million per year and expects to earn $200 million per year. The 17 billion posts and related comments above are considered by AI experts to train chatbots. Important resources. And all of this is based on data created by users! Every user should and must have the power to process their own data and obtain corresponding rewards. What r/datadao does is through decentralization The Internet facilitated the development of this incident.
In this way, as a representative of the power of decentralized networks, the worlds first data DAO launched a unique vampire attack on the Web2 social media giant Reddit.
Base on-chain token RDAT
On April 5, with a lot of attention from the media and partners, the RDAT token issued by r/datadao on the Base chain was officially launched. Reddit users can enter their Reddit forum username on the official website to view their corresponding scores and the number of RDAT tokens they can receive.
The total amount of RDAT is 20 million, and the first batch of open circulation is 4.2 million (the first batch of tokens has been collected currently).As of the time of writing, the price of RDAT tokens is approximately US$0.7, an increase of 51 times compared to the lowest opening price of US$0.0137, and the current circulating market value is approximately US$13 million.
Base official account alsoPost on X platform, introduce r/datadao to more people. “Your data is valuable, and a decentralized internet puts the power back in your hands.@rdatadaois a community collection that allows you to add reddit data and earn points on-chain based on your performance.
According to a post by Vana CEO and co-founder Anna and information on the r/datadao official website, RDAT can be used for r/datadao governance in the future, and users can decide how to use relevant data by voting - whether it is using the data to launch a dedicated version of Reddit, Or sell the data directly to AI companies for paid use, or engage in collective bargaining with Reddit to obtain corresponding returns.As a decentralized entity similar to a data union, r/datadao will help users collect and manage their own data. If it goes well, Internet users will realize Ownership control in a true sense.
summary
As Crypto’s famous saying goes, “Not your key, Not your coin (not your private key, not your token)”. For many Internet users, the same is true for data. Not your data, not your rights (not your data, not your rights).
And if you want to change this status quo, as the worlds first data DAO organization, r/datadao, backed by AI startup Vana, which has raised $20 million, may be the much-anticipated Game Changer By).
Finally, I will end the article by borrowing the sentence from the r/datadao official website, Your data is currency, Collective data is Power (Your data is currency, collective data is power).
Reference article:https://www.axios.com/2024/04/02/ai-decentralized-big-tech-blockchain
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