EVM-Compatible Vana Blockchain Introduces New Token Standard for Data-Backed Digital Assets

The EVM-compatible Vana blockchain introduces a new token standard for data-backed digital assets.

The VRC-20 standard aims to improve trust and transparency in the field of data-backed digital assets.

Omkar Godbole | Edited by Parikshit Mishra , April 2, 2025, 5:47 AM.

What you need to know:

• Vana has introduced the VRC-20 standard to improve trust and transparency in data-backed digital assets.
• The VRC-20 standard includes parameters such as limited supply and governance rules, ensuring that tokens are linked to real-world data utility.
• Vana's mainnet, launched in December, has aggregated more than 12 million data points, indicating high demand for user-owned data.

Crypto enthusiasts may be familiar with the ERC-20 token standard, which includes guidelines to ensure that tokens built on the Ethereum smart contract blockchain are compatible and interoperable with other tokens and applications on the network.

A similar standard for data-backed tokens has now been introduced, called VRC-20.

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Vana, a layer-one EVM-compatible blockchain that allows users to monetize their personal data by pooling it into a DataDAO to train AI models, unveiled a new standard earlier this week with the aim of increasing trust and transparency in the data-backed digital asset market.

“For data markets to function, tokens must be reliable, secure, and useful. As a universal standard for data-backed tokens, VRC-20 delivers this by enabling fair and transparent trading of data tokens,” Wana said at X.

The design of the VRC-20 standard includes certain requirements such as a fixed supply, governance, and liquidity rules, which ensures real access to data by linking tokens with actual data utility. In addition, it supports continuous liquidity through rewards that ensure market stability.

“This is not speculation. This is real financialization of data,” Vana added.

Vana launched its mainnet in December, using VANA as its cryptocurrency. Since then, the network has integrated over 12 million data points across multiple DataDAOs, indicating high demand for user-owned data.

DataDAOs, or data liquidity pools, are decentralized marketplaces that offer data in the form of transferable digital tokens. DLPs are where data is entered, tokenized, and prepared for use in applications such as training AI models.

In Monday's announcement, the VANA issuance as a DataDAO invention was replaced with a new feature that calls on the DAO to issue VRC-20-compliant tokens to gain liquidity support.

Additionally, the protocol introduced data validator staking, where VANA holders can lock their coins in data validators rather than in individual DataDAOs.

“Rewards are based on network security and usage. Participants earn in proportion to their contribution to the smooth operation of the network and the availability of data. No more idle participants. Revenue is tied to the actual usefulness and reliability of the network,” Vana emphasized.

According to TradingView, at the time of writing, the VANA token is trading at $5.58, the lowest level in two weeks and continuing its decline from a recent high of $8.78 on Binance.

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