๐๐ฎ๐๐ฎ, ๐๐ฒ๐ฃ๐๐ก & ๐๐ ๐ก๐ฎ๐ฟ๐ฟ๐ฎ๐๐ถ๐๐ฒ๐ ๐
You know what IoT is, right?
The Internet of Things, interconnected networks of physical objects
โ These objects produce data
Now, imagine a future where this data works for you!
You're Early for a big Opportunity ๐งต โ
โฆ Let's start with the basics, what's IoT?
The Internet of Things (IoT) refers to the interconnected network of physical objects, or "things", embedded with sensors, software, and other technologies to communicate & exchange data with other devices and systems over the internet.
Everyday objects (home appliances, vehicles, wearable devices...)
โ Collect, send, and receive data.
There are different ways of assessing the size of the IoT Market, depending on the scope of Definition.
It's hard to say for sure which is the most coherent valuation.
An estimation of a $270B Valuation with a 15% growth year-over-year seems like a coherent valuation.
Anyway it's a big Market interconnected with many other markets such as Cloud computing, Telecommunications, Blockchain, AI & Machine Learning, Semiconductors & Robotics, Big Data, and more.
This is definitely not to fade, whether IoT is used for your home, or huge Smart Cities Infrastructures for traffic management, waste management, public safety, energy efficiency, etc.
IoT is everywhere.
Let's dive in our main topic.
You might remember my deep dive on Vana.
Now, theyโre raising the bar with IoT Data DAO, which is powered by @withvana & @OzProtocol
@iotdatadao's new model lets you monetize sensor data, giving you rewards while keeping ownership in your hands. ๐ก
x.com/CryptoShiro_/status/1837201476797747514
โฆ What's a Sensor & its Data?
A sensor is a device that detects or measures physical properties from its environment and converts them into data that can be processed or analyzed.
You can monetize this data.
This innovative project, a collaboration between Vana & Oz Protocol, empowers you to capture the value of your data through Sense Agents. ๐ค
A new era of data ownership is dawning, one that empowers individuals and rewards participation.
Imagine your smart home data โ thermostats, cameras, lighting โ being valuable to researchers & businesses!
The IoT Data DAO connects them to this data for AI training & analytics, all while respecting your ownership.
Sense Agents are software connectors for IoT devices used to share data with the DAO.
These agents connect to Vanaโs protocol, enabling seamless interaction between user data and AI developers.
To enable Data Liquidity, @withvana is mapping the data to fungible assets.
The data is stored in a Data Liquidity Pool (DLP) which uses a Proof-of-Contribution (PoC) system that ensures the integrity and quality of data.
Vana allows users to pool, tokenize & monetize data through DAOs.
Basically if you're tired of data giants controlling your information:
โข You get compensated for your Data
โข The IoT Data DAO promotes Transparency & User Empowerment
But what's Oz Protocol behind all that? ๐ง
Current data collection incentivizes hoarding, limiting access to valuable info in crucial fields like cybersecurity & medicine.
@OzProtocol aims to break this cycle.
Basically Oz Protocolโs ecosystem allows developers to build new Sense Agents that integrate diverse IoT devices into the network.
Oz Protocol isnโt just a concept; itโs backed by serious players in the industry.
With trusted partners like Daisy, Covalent, Avalanche, Noves, AWS, Pallet, Snowflake and of course Vana, Oz Protocol has the support it needs to drive a new era of data ownership. ๐
Oz protocol makes it simple: Integrate, Automate, and Earn. ๐
You can finally unlock the true value of your dataโall while maintaining ownership! ๐ก
The apps you use today control your data within their walls! ๐ข
Oz tackles the data monopoly by creating a replication protocol, opening access to the most valuable datasets. It empowers you to "exfiltrate" that data & sell it directly!
No more data silos, you control the flow. This also means no more restricted data hindering research or hindering small businesses..
In small amounts, data holds little value. ๐
Oz helps users generate large, well-structured datasets through "Collectors."
These gather and structure data from all your sources, maximizing value.
Developers, you are involved! ๐ ๏ธ
Oz has an EVM-compatible Layer 1 blockchain designed for peer-to-peer data streaming.
The network is currently in testnet, ready for your innovations!
Vana & Oz share a vision of a data-driven future where access is transparent and barrier-free. ๐ค
This is why Oz launched its data pool on Vana!
Any Sense Agent user can join the IoT Data Pool by subscribing their existing data feed.
This means organizations can access data for AI and analytics, all fairly sourced and brand new!
Today, your smart home data sits unseen. ๐ค
The IoT Data DAO unlocks its potential, allowing Businesses and researchers to build with this data, fostering innovation.
With the IoT Data DAO, you can turn your IoT device data into a valuable asset. Connect your Sense Agents to Vana and start earning today!
โฆ TL;DR
Data & AI are among the biggest Narratives out there.
And IoT Data DAO also fits the DePIN Narrative.
@withvana is building a huge ecosystem of Data DAOs.
@OzProtocol is the DePIN protocol that turns everyday connected devices into data (and revenue) generators.
Users collect data through IoT devices and manage it on Vana.
Oz Protocol ensures the data's integrity and authenticity, verifying its source before it is made available for sharing or sale.
Users choose to share or sell their verified data through the IoT Data DAO, where buyers can access high-quality data and stakeholders participate in governance.
They are still little-known projects.
So we're very early!
โฆ Conclusion
This thread was written in collaboration with @iotdatadao
By tokenizing and monetizing sensor data, IoT Data DAO is revolutionizing the way we interact with IoT data.
Own your data, power AI, and earn rewards.
I'm very curious to see how these projects will evolve & perform!
NFA & DYOR as always!
IoT Data DAO Frens
& More Frens interested in Data & DePIN:
@Hercules_Defi
@belizardd
@stacy_muur
@eli5_defi
@kenodnb
@Louround_
@0xelonmoney
@0xFastLife
@arndxt_xo
@DeFi_Made_Here
@0xSalazar
@TheDeFISaint
@dontbuytops
@rektdiomedes
@hmalviya9
@crypto_linn
@CryptoGirlNova
@0xTindorr