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Anna Kazlauskas: Data Ownership in the Age of AI

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You’re swimming in data. You’re creating new data every day. If your health app counts your steps? That’s new data. The Oura ring that’s tracking your bio-metrics? Valuable data. Your social media posts, even the stupid jokes that got zero likes? More data.

This is all data that AI companies would love to harvest. You can’t build good AI without good data, which is why many view data as the “new oil’ in the race for AI. The problem, though, is that while your data is valuable in theory, the reality is that it’s hard to monetize your own personal data, as you have no leverage as an individual. (Open AI isn’t knocking at your door to buy your old tweets.)

Enter Vana. “I think data is this fundamental resource powering the next generation of AI, and really the next generation of our digital economy,” says Anna Kazlauskas, co-founder of Vana and CEO of Open Data Labs. “A lot of people frankly just don’t realize that they actually own their data.”

But you do own your data. And it’s valuable… if you can somehow join forces with millions of others who also own their data. This would give you bargaining power. And that’s the mission of Vana: To create an ecosystem for user-owned data, which in turn fuels user-owned AI.

That ecosystem involves a mix of Data DAOs (a “labor union” for data), decentralized data marketplaces, the recently launched VRC-20 token, and a new collaboration with Flower Labs to build the world’s first user-owned foundational model. (Exhibit A that Decentralized AI is creeping into the mainstream: The Vana/Flower collaboration was covered by WIRED.)

Kazlauskas will give a keynote at the AI Summit at Consensus 2025 outlining this vision, and she gives a glimpse here. And she sees the momentum shifting. “We’re already starting to see this shift where more people realize that, ‘My data is really important to AI’ and ‘I’m actually the owner of that.’” She predicts that in a few years, over 100 million users will be onboard. In 10 years? “World population. Above 10 billion.”

Interview has been condensed and lightly edited for clarity.

Why is user-owned data so important to you?

Anna Kazlauskas: Most people assume data is owned by the platforms that it’s sitting on, but that’s not the case. In the same way that when you put your car in a parking lot, the parking lot doesn’t own your car. You can always take it back. You have full ownership over it.

And there’s a huge amount of money being made today, mostly by big tech companies, off of that data, but users are the legal owners. So I think it’s important that we restore that ownership, both from a user perspective and from a developer’s perspective.

Can you connect the dots of how this helps developers?

As a developer, especially in an AI world, having access to the right data is really important. And it’s super hard to do right now, because most of the data is locked up within the walled gardens of big tech. So many of my really smart friends who do stuff in AI go work at the big labs, because that’s where the data is and that’s where the compute is. But that doesn’t have to be the case.

How do Data DAOs fit into this vision exactly?

So a DataDAO is kind of like a labor union for data. Where basically you have a large group of people who pool their data together, and then can make collective decisions over what happens to that data.

The reason why that’s important is that your data, on its own, is not that useful, right? It’s much more useful when there’s a big pool of it. When there’s enough of it to train an AI model.

What are some of the Data DAOs you’re most excited by?

There are a few in the health space that are really interesting. There’s an early one that’s actually doing full exports of patient medical records, which I think can really help advance a lot of research in the space. There’s some related to biometrics, sleep, and health. There’s one with the DLP [Driver Loyalty Program] Labs; they’re building car data. And within their data-set, the Tesla data is really interesting because most people think about Tesla as valuable because they have a data lead, right? Actually, the users can get a lot of that data-set.

You’re pivoting from theory to practice with the new collaboration with Flower Labs to build COLLECTIVE-1. What’s the goal there?

COLLECTIVE-1 is the first user-owned foundation model. Usually when people think about a foundation model, they typically think of one company running a very large training job in a single data center, right? Like OpenAI. And the reason why it’s typically done in a centralized way is because it requires, one, a whole lot of compute power, and two, a whole lot of data.

Flower AI is kind of the leader in federated [decentralized] training. They’ve done a really great job of building these great open source libraries. They’ve come in from the training side and the algorithm side. And with Vana, we really focus on that data piece, right? So we basically have all this data that people can train on. Then you give users end-ownership of the model, and users can decide on what the model is allowed to do? So this is the first foundation model of its kind.

And the theory is that eventually, with better data, you can build AI that’s not just competitive with the central players but better, is that right? So it’s not just about ideology, but also performance.

Exactly, yeah that’s 100% right. From a decentralized context, I think often people agree in principle that, “Yes, we should have AI that’s owned by the people. We should have decentralized AI.” But what’s the thing that we can actually do better in a decentralized context? Data is the answer. For each company, they only have their single slice of a data-set. Apple’s got their data. Google’s got their data. But if you’re going through the user, you can cut across platforms and actually build better data-sets than any single company. Data is the secret sauce that makes it all work.

Love it. Thanks Anna, see you at the AI Summit in Toronto.

Jeff Wilser will host the AI Summit at Consensus 2025, and is host of The People’s AI: The Decentralized AI Podcast.

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Mercurity Fintech Plans $800M Bitcoin Treasury, Eyes Russell 2000 Inclusion

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Mercurity Fintech Holding (MFH) is raising $800 million to establish a bitcoin BTC treasury, the company announced in a press release.

The New York-based fintech group said the funds will support a multi-pronged strategy: acquiring bitcoin, storing it in blockchain-native custodial infrastructure, and integrating it into a system that includes tokenized treasury tools and staking services.

That means Mercurity isn’t just betting on a BTC treasury, but it’s trying to move into a “yield-generating, blockchain-aligned reserve structure.”

“Bitcoin will become an essential component of the future financial infrastructure,” CEO Shi Qiu said in the release. “We are positioning our company to be a key player in the evolving digital financial ecosystem.»

The company did not disclose whether the funds would be raised through debt, equity, or other financing mechanisms.

The fundraising announcement coincides with news that Mercurity is slated for inclusion in the Russell 2000 and Russell 3000 indexes.

MFH operates cryptocurrency mining facilities focusing on bitcoin and filecoin. It also develops liquid cooling solutions for AI data centers, and offers financial services to institutions and high-net-worth individuals.

The company’s shares went up 1.9% in yesterday’s trading session but dropped 2.84% in after-hours trading.

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Strong Uptake at 10-Year U.S. Debt Sale Eases Demand Concerns, 30-Year Sale’s Up Next

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Wednesday’s auction of 10-year U.S. Treasury notes undermined the narrative that investors are moving away from U.S. government debt, the bedrock of global finance, and pouring money instead into bitcoin BTC and gold.

Thursday’s sale of $22 billion of 30-year bonds may provide further clues to investor confidence in the fiscal policies of U.S. President Donald Trump since he initiated the global trade war in early April and help signal whether the notes are losing their shine as the premier fixed-income instrument backed by the deepest liquidity and low credit risk.

At the June 11 auction, demand for the $39 billion of 10-year notes, which offered a yield of 4.421%, outstripped supply by more than 2.5 times, according to Exante Data, and the primary dealer takedown was reportedly just 9%, the fourth-lowest on record. That’s a sign investors did most of the heavy buying. Primary dealers are the institutions authorized by the central bank to trade government bonds, and the takedown refers to the amount of newly issued debt they absorb themselves.

Worsening debt situation

As of June, the U.S. total gross national debt is over $36 trillion, more than 120% of the country’s gross domestic product (GDP).

The deficit, or the excess of government expenditure over revenue, was $1.8 trillion in 2024. The figure is expected to increase by $2.4 trillion in the coming years due to Trump’s tax cut plans. As of now, the U.S. pays $1 trillion as the cost of servicing the debt.

The new issuance, therefore, is more likely to exacerbate the problem and has several analysts pointing to bitcoin and gold as a hedge against the fiscal crisis.

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Bitcoin-Based Stablecoin Network Plasma Raises Deposit Cap to $1B, Gets Filled in 30 Minutes

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Stablecoin-focused blockchain Plasma raised its deposit cap to $1 billion early Thursday — and hit that limit within 30 minutes.

The new cap marks a doubling from the prior $500 million ceiling, which had itself been raised just days earlier following a community-driven outcry over bot activity and rapid sellout times.

Plasma said the short-notice announcement was designed to give real users, such as those active in its Discord, a fairer shot at joining. But it’s not a token sale just yet.

“Deposits are not the sale itself,” Plasma clarified in a post. “All funds remain fully owned by depositors and will be bridged to Plasma mainnet beta.”

Participants earn the right to buy into the eventual $50 million XPL public sale based on how many units they’ve locked up by the cutoff. The sale is valued at $500 million on a fully diluted basis.

Earlier this week, the project — which aims to bring native stablecoin functionality to Bitcoin through an EVM-compatible sidechain — saw its initial $500 million cap fill in just five minutes, according to Arkham data.

That figure was ten times what Plasma initially planned, indicative of massive investor appetite for stablecoin infrastructure.

The team behind Plasma has positioned its chain as a way to sidestep Ethereum’s high fees and congestion by building a zero-gas environment for stablecoin transactions while being anchored to Bitcoin’s security model.

USDT will be the first supported asset, with more expected to follow.

Read more: Plasma’s XPL Token Sale Attracts $500M as Investors Chase Stablecoin Plays

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